This paper aims to explore the impact of internal organizational factors: intellectual capital (IC), knowledge sharing (KS), organizational culture (OC), system support (SS) and industry type (IT) on sustainable risk management (SRM) with the ultimate aim of supporting the Sustainable Development Goals (SDGs).
A multivariate analysis approach was used to assess both individual and interactive effects of the selected organizational determinants on SRM. The study draws on data from various industry sectors and analyses the relationships among IC, KS, OC, SS and IT in enhancing or hindering SRM implementation.
Through data analysis, the data reveal a strong relationship between industry type and SRM strategies, which is why there is a need for industry-based risk management models. Quality interaction of IC and KS produces a positive impact on SRM effectiveness. However, the minimum level of IC and OC fit is a negative contributor to SRM, showing that human and cultural mismanagement inhibits the growth of sustainability.
The study is restricted by it is cross-sectional design, relies on subjective information and is restricted to a few industry sectors.
Companies that want to incorporate sustainability in their risk management practices have to develop strategies that are adherent to their industrial setting and that aim at creating human-focused enablers including intellectual capital and knowledge-sharing. Meaningful SRM implementation should be done with technological investments and strategic planning.
The research underscores the importance of sustainable risk management practices in achieving SDGs, which have direct societal benefits, including promoting environmental sustainability, enhancing organizational accountability and fostering equitable resource allocation across industries.
The study contributes to the SRM literature by highlighting the pivotal role of human and contextual organizational factors, offering new insights into how internal dynamics can be leveraged to align risk management practices with sustainable development objectives.
