The Role of Corporate Social Responsibility in Risk Management: The Case of Multinational Companies

The purpose of the paper is to make a comparative analysis of the concepts and features of corporate social responsibility (CSR) in multinational companies, to facilitate understanding of its role in enterprise risk management. For the comparative analysis were chosen three multinational companies with experience in sustainability reporting but also in social, environmental and risk management. The companies operate in many countries, on different continents and in three very different industries (consumer goods, electronic products, oil and gas) with continuously changing features and trends, which gives complexity of integrating CSR approach. The study was conducted during 20152016 using public documents of the three companies analyzed. The results, based on empirical research, have revealed that there are some differences between the three companies regarding the role of CSR in risk management, but all continue to progress by integrating social and environmental considerations within organizational operations. The opportunity for innovation remains the significant motivation for making efforts to integrate corporate social responsibility in risk management across all organizational levels.