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Managing Extreme Financial Risk by Karamjeet Paul

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Chapter 18

Adapting Organizations to Effective Sustainability Management

Abstract

The question for boards of directors is not whether to adopt sustainability management—it is how to direct their institution to adapt to it. Organization focus to establish it as a priority at the senior-management level helps the development of an orderly map to capture the benefits. To manage its implementation in an orderly and effective manner, an evolutionary approach is better than the revolutionary imposition of requirements. Its effectiveness is driven by three factors: It needs a captain or a quarterback; organizational culture will impact how the sustainability-management readiness is developed and implemented, and the readiness has a direct impact ...

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