MANAGING ENVIRONMENTAL RISKS THROUGH ESG

Proceedings of the International Conference on Secure Systems Design and Technology Development  ·  2026  ·  Impact 3

Kiril Luchkov;

HIGHLIGHT

This study argues that ESG should not be viewed solely as a tool for non-financial reporting, but as a conceptual and practical framework through which organizations can structure their mechanisms for monitoring, prioritizing and managing environmental impacts, dependencies and vulnerabilities. On this basis, the author proposes a model in which environmental risk is viewed as the interaction of three interrelated dimensions: exposure, impact and organizational vulnerability.

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ABSTRACT

This study examines the potential for using Environmental, Social and Governance (ESG) as a management framework for identifying, assessing and mitigating environmental risks within an organization. Against a backdrop of increasing regulatory pressure, climate uncertainty, resource constraints and heightened corporate reporting requirements, environmental risks are increasingly becoming a strategic management issue. This study argues that ESG should not be viewed solely as a tool for non-financial reporting, but as a conceptual and practical framework through which organizations can structure their mechanisms for monitoring, prioritizing and managing environmental impacts, dependencies and vulnerabilities. On this basis, the author proposes a model in which environmental risk is viewed as the interaction of three interrelated dimensions: exposure, impact and organizational vulnerability. The model allows different environmental issues to be compared using a unified logic, prioritized and linked to differentiated management responses. The study aims to establish a clearer link between regulatory frameworks, analytical risk management, and corporate governance.

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