The Risk Management of the Electricity Business Using the ESG Concept in APEC Countries

Abstract

This academic consists purposes to study the risk management in the electricity energy business within the APEC countries by using the ESG (Environmental, Social, and Governance) framework to analyze ways to reduce risks from various factors that impact the operation of the energy business, especially in terms of environment, society, and governance. The study employed documentary research methods by examining and analyzing academic papers, government policies, and reports from organizations related to the energy business in APEC countries, along with the application of the ESG concept in risk management. The findings show that applying the ESG framework in risk management in the electricity energy business can effectively reduce risks arising from environmental factors and changes in government policies. Moreover, it promotes long-term sustainability in both economic and social aspects by focusing on sustainable development and social responsibility. The use of the ESG concept also helps strengthen organizational stability in governance and responsiveness to future challenges, which can be applied to develop effective risk management strategies in the electricity energy business internationally.