A Review of Strategic Implementation Initiatives for Enterprise Sustainability Management

Corporate sustainability management integrates the necessary parts of sustainable development components into the enterprise’s day-to-day business operations. It ensures sustainable development of the corporation that not only meets its own business needs, but also emphasizes in extending the life expectancy of ecosystems, and economies within which it operates. The paradigm of sustainable development entails the rethinking of how business is being performed. Thus, sustainability management will inherently change the organization’s competitive landscape through the manner the enterprise develop its resources, capabilities, and activities. This in turn, will influence the strategic nature of the organization. It is imperative for the enterprise to realize that corporate success is a function of its sustainable development, both of which can be measured in either financial or non-financial terms. The building blocks for corporate sustainability management are for the corporation to focus on its capability to continue manage its businesses risks and stakeholder expectations to the best it could. To this end, this paper explores a model of strategic implementation initiatives towards establishing a corporate sustainability management framework by incorporating knowledge management and enterprise risk management programs as two core pillars supporting the management of business risks and stakeholder expectations.