Sustainability factors should be considered by managers like any other business risk issue; these factors are expected to have a substantial impact on corporate management. Air transport corporations need a strong sustainability management framework to effectively manage economic, environmental and social risks to achieve their corporate sustainability objectives, and to meet their stakeholders' demands. This book offers a new Enterprise Sustainability Risk Management (ESRM) model to fulfill these requirements. In the model presented, the triple bottom line (TBL) agenda is incorporated into the companies' sustainability management. ESRM deals with the environmental, social, and ecological risks as well as the strategic, economic, operational, and threat risks of companies. The best corporate sustainability strategies and management approaches require the consideration of all corporate risks in both a holistic and systematic way. Flouris and Kucuk Yilmaz present an effective way to manage sustainability risks via a new, well-designed, integrated, dynamic and flexible framework. It introduces an opportunity for turning risks into potential corporate advantages. Risk Management and Corporate Sustainability in Aviation is addressed to professionals, students and researchers within air transportation business management and risk management.
'Risk Management and Corporate Sustainability in Aviation is both relevant and well written. It is an excellent book for any academic program in Aviation Science Management such as in my University.' Lei Yu, Texas Southern University, USA 'This well-written and accurate book offers a real global and accessible view of sustainable development of the aviation industry through the tools that risk management provides. The authors demonstrate an in-depth knowledge of risk management theory as well as its practical application to the aviation industry, given the primacy of sustainability for aviation’s future.' Emmanuel A. Gyzis, Airlines Legal Counsel and Executive Senior Partner, Emm. A. Gyzis & Partners Law offices