Integration of Sustainability Reporting into Enterprise Risk Management: A Scoping Review

Abstract

Purpose: The aim of the article is to assess the current state of knowledge and identify expected directions for future research on the integration of sustainability reporting in ERM. Design/Methodology/Approach: This paper explores the challenges and opportunities associated with integrating SR into ERM, particularly in light of stringent global regulations like the European Sustainability Reporting Standards (ESRS). Through a Scoping Review, using the VOSviewer tool for bibliometric analysis, this study maps the existing literature and identifies key research trends and gaps in the intersection of SR and ERM. Findings: The findings highlight the limited integration of sustainability concerns into traditional ERM frameworks and emphasize the need for a unified approach to manage both business and ESG risks. Key challenges identified include data complexity, regulatory uncertainty, and expertise gaps, all of which hinder effective integration. The paper concludes that developing integrated ERM methodologies that encompass both traditional business risks and ESG-related risks is essential for organizations to enhance decision-making, comply with evolving regulations, and drive long-term value creation. Practical implications: Future research should focus on proposing practical solutions and best practices to support the seamless integration of SR into ERM. Originality value: Enterprise Risk Management (ERM) has become a critical component of modern business strategy, particularly in the context of sustainability. As organizations face an increasing array of risks, including environmental, social, and governance (ESG) factors, the integration of sustainability reporting (SR) into ERM is gaining importance.