Integrating Corporate Social Responsibility With Environmental, Social and Governance Priorities: Enterprise Risk Management in Perspective

The United Nations (UN) has championed sustainability, which is to protect the environment and mankind's quality of life. Organizations have supported the UN by devising and implementing corporate social responsibility programs that also support environmental, social and governance (ESG) priorities. The purpose of this paper is to make clear how senior managers can place corporate social responsibility policy within the context of environmental, social and governance (ESG) reporting and apply the enterprise risk management approach. Taking cognizance of this, the logic model approach is utilized to construct a framework outlining the benefits of environmental, social and governance (ESG) reporting and its link with corporate social responsibility. From the findings, it can be deduced that the enterprise risk management approach can help managers share information and knowledge with organizational partners relating to various forms of risk. The framework proposed will also help senior managers promote to various publics how corporate social responsibility programs involving sustainability and social innovation align with UN objectives.