Open AccessSustainability Management Based Approach to Global Warming:
Author(s) -
Ayşe Küçük Yılmaz,
T. Hikmet Karakoç
Publication year - 2008
Publication title -
journal of management research
Language(s) - English
Resource type - Journals
ISSN - 1941-899X
DOI - 10.5296/jmr.v1i1.22
Subject(s) - sustainability , global warming , risk management , business , prioritization , environmental resource management , risk assessment , risk analysis (engineering) , enterprise risk management , climate change , environmental science , economics , process management , finance , ecology , management , biology
The global warming is a kind of sustainability risk. For this reason, Global Warming should be considering in Sustainability Management concept. The global warming risk must be managed effectively since its consequences threats for sustainability of our world. While this is understandable by all of us, a broader view is necessary to manage this risk in both the short and long-term. Risk management mentality is useful to the best managing of global risks. In this study, the global warming is discussed within risk and sustainability concept. The risk management-based model and risk score formula has been developed to global warming. The model and formula are based on Enterprise Risk Model to Corporate Sustainability and Enterprise Risk Score Formula, 2008. This model is called as Cgw (Sustainability Risk Management Model to Global Warming), introduced as a useable way for a systematic and effective managerial approach of the global warming issue. Risk score formula has been developed for prioritization of identified global warming risks. Prioritization is useful to allocation of limited sources to managing top risks. Every risk has two dimensions as threat and opportunity in the holistic risk management concept that it is considered in the developing process of Cgw model