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![Page 1: Creating Pathways to Corporate Sustainability: A Unified Risk & Management Systems Approach John Grosskopf, P.E., BCEE ERE, Inc. John Milliman, PhD University.](https://reader036.fdocuments.us/reader036/viewer/2022072006/56649f445503460f94c65685/html5/thumbnails/1.jpg)
Creating Pathways to CorporateSustainability: A Unified Risk &
Management Systems Approach
John Grosskopf, P.E., BCEEERE, Inc.
John Milliman, PhDUniversity of Colorado at Colorado
Springs
[email protected]@uccs.edu
![Page 2: Creating Pathways to Corporate Sustainability: A Unified Risk & Management Systems Approach John Grosskopf, P.E., BCEE ERE, Inc. John Milliman, PhD University.](https://reader036.fdocuments.us/reader036/viewer/2022072006/56649f445503460f94c65685/html5/thumbnails/2.jpg)
Outline
• Today’s Business Challenges
• Strategic Corporate Social Responsibility (CSR) - Porter & Kramer
• Unified Risk Management Systems & Partnering - a Pathway to Sustainability
• Implications for Research and Practice
![Page 3: Creating Pathways to Corporate Sustainability: A Unified Risk & Management Systems Approach John Grosskopf, P.E., BCEE ERE, Inc. John Milliman, PhD University.](https://reader036.fdocuments.us/reader036/viewer/2022072006/56649f445503460f94c65685/html5/thumbnails/3.jpg)
Today’s Business Challenges
Climate Change
Aging facilities
Resource inefficiency
Business continuity
Resource Scarcity
Expansion Needs
Public Concerns
Environmental laws/regulations
Employee retention
NGO demands
Increased Transparency
Sustainable Business Enterprise
Global Competition
![Page 4: Creating Pathways to Corporate Sustainability: A Unified Risk & Management Systems Approach John Grosskopf, P.E., BCEE ERE, Inc. John Milliman, PhD University.](https://reader036.fdocuments.us/reader036/viewer/2022072006/56649f445503460f94c65685/html5/thumbnails/4.jpg)
* The Link Between Competitive Advantage and CSR, HBR, Dec. 2006
Strategic Corporate Social Responsibility (CSR) - Porter & Kramer*
The authors assert most CSR efforts are:- unproductive and disconnected from business strategy
They suggest a strategic CSR framework that identifies positive/negative business impacts on society, and how to prioritize and address them
Looking “Inside-Out” and Outside-In”
A very useful framework but one that does not address implementation, and…
A handful of business leaders already have frameworks that manage all their risks/impacts as well as opportunities: the Unified Risk Management approach
![Page 5: Creating Pathways to Corporate Sustainability: A Unified Risk & Management Systems Approach John Grosskopf, P.E., BCEE ERE, Inc. John Milliman, PhD University.](https://reader036.fdocuments.us/reader036/viewer/2022072006/56649f445503460f94c65685/html5/thumbnails/5.jpg)
Unified Risk ManagementImproving Risk Identification & Management
A single, cohesive and unified approach to address all organizational risks -simultaneously
A new and innovative application of provenquality management methods, tools and cross-functional approaches
Q
H&SE
S
![Page 6: Creating Pathways to Corporate Sustainability: A Unified Risk & Management Systems Approach John Grosskopf, P.E., BCEE ERE, Inc. John Milliman, PhD University.](https://reader036.fdocuments.us/reader036/viewer/2022072006/56649f445503460f94c65685/html5/thumbnails/6.jpg)
Unified Risk MethodologiesExamining Social Risks
Unified risk methods assess ALL issues/threats and opportunities:
- Looking inside-out: assess impacts of the organization on society
- Looking outside-in: assess societal impacts on and linkages with the organization
Unified risk management helps determine the nature, the magnitude, and the priority of all risks and opportunities; both inside and outside the business (shared risks) simultaneously
![Page 7: Creating Pathways to Corporate Sustainability: A Unified Risk & Management Systems Approach John Grosskopf, P.E., BCEE ERE, Inc. John Milliman, PhD University.](https://reader036.fdocuments.us/reader036/viewer/2022072006/56649f445503460f94c65685/html5/thumbnails/7.jpg)
Partnering for SuccessImproving Inside-Outside Linkages
• Partnering is a practical approach that:- improves linkages between business & society- improves stakeholder trust- helps determine and exploit shared value
• Partnering is an important leveraging tool that counters the effects of downsizing and resource limitations
Together, unified risk management and partnering are practical methods to enhance CSR and are a pathway to sustainability
![Page 8: Creating Pathways to Corporate Sustainability: A Unified Risk & Management Systems Approach John Grosskopf, P.E., BCEE ERE, Inc. John Milliman, PhD University.](https://reader036.fdocuments.us/reader036/viewer/2022072006/56649f445503460f94c65685/html5/thumbnails/8.jpg)
Creating Mutual Value
Unified Risk Management and Partnering
A Firm’s Unified Risk Management
System
Academia
Communities Regulators
& NGO’s& the Public
Cooperative Exchanges
Collaboration
Public Pressures
Suppliers &
Contractors
Knowledge Sharing
![Page 9: Creating Pathways to Corporate Sustainability: A Unified Risk & Management Systems Approach John Grosskopf, P.E., BCEE ERE, Inc. John Milliman, PhD University.](https://reader036.fdocuments.us/reader036/viewer/2022072006/56649f445503460f94c65685/html5/thumbnails/9.jpg)
Implications for Practice and Research
• A handful of business leaders and exploratory research provides evidence unified risk management approaches are effective
• Empirical research is needed to:
(1) Map the opportunity aspects of the unified risk approach in a CSR framework
(2) Assess the impact of the unified risk management approach on lowering costs, mapping of organizational opportunities, and improved regulatory compliance