• Sajjad Nawaz Khan

• Asad Afzal Humayon

• Kalsoom Akhtar

• Jam Muhammad Farooq Asif

• Muhammad Noman

• Irshad Hussain Sarki

Abstract

Business environment continuously changes such as technological development and business landscape are reshaping global and have risen demand for companies to place substantial emphasis on the evolving sustainability risks.So, sustainability risk management (SRM) is an addition of the enterprise risk management (ERM) concept which is used to direct evolving risks and other non-quantifiable risks. The motive of this research is to investigate the influence of SRM implementation on the corporate survival of environmentally sensitive listed companies in Pakistan. To achieve this objective, three hundred and fifty (350) questionnaires were distributed to the managerial employees of the risk management department of the PLCs by using random sampling. Data where analyzed through smart PLS 3. It is found that SRM key factors (risk governance, risk culture, erm base) has a significant positive relationship with corporate survival .Current research suggested that strong risk culture, appropriate risk management tools and successful business permanence planning would be valuable to environmentally sensitive companies.

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