Investigating the Relationship Between Risk Management and Sustainable Development Management within the Organizations

Sustainable development is a complex and debated concept in the literature. Sustainable development of the organization involves analyzing how businesses can engage fully and real in adopting this concept in the processes developed by each company. In talking about integrating a model of sustainable development, it is necessary to investigate the risks of organizational processes. So between sustainable development and risk management there is a direct relationship, being a concept that contributes to organizational innovation. The Concepts, risk management and sustainability development, are adjacent to international standards and norms. The sustainable development approach becomes complex if the main objective of the organization is innovation. This paper presents a review of literature, the relevant to risk and sustainability standards, and a software tool for analyzing risk and sustainability. The principle of the proposed approach is systematization and integration of legal requirements on risk and sustainability in an organization assessment tool to achieve the enterprise objectives and the coordination of innovation. The whole research is based on the current state of sustainable development of enterprises in Romania.