Governance, Risk and Compliance: Concerns in Sustainability …
313
Table 1 Conceptual framework
Thematic axis
Inclusion criteria
Main approaches
Sustainable strategic
innovation
Approaches that comprise
GRC mechanisms geared
towards sustainable
innovation
In the scope of innovation,
when researching the
resources for the development
of innovative projects, studies
have been focused on the
investigation of the relation
of sustainability and the
business strategy based on
GRC. In addition, it reveals
the central role of GRC
knowledge integration as the
basis of competitive
advantage, revealing strategic
business opportunities
Social and environmental
management structure
Approaches that demonstrate
the effectiveness of corporate
sustainability in the GRC
structure
It demonstrates internal
controls in the practice of
environmental risk
management, and governance
and compliance mechanisms
Implementation of integrated
good practices
Approaches related to the
practical implementation of
GRC mechanisms working in
tandem with the
sustainability mechanisms in
an integrated way
The implementation should
be carried out according to
the characteristics of each
company and their respective
need for advances related to
organizational strategies
Source Authors
The determination of the thematic axes related to a field of study is essential for
its better mapping because it allows the understanding of the basic theory that sustains each field and the authors’ reflections in relation to the variables proposed
in their studies. The investigated academic literature points to the formation of
3 thematic axes that make up the field of GRC study. The themes “Sustainable
Strategic Innovation”, “Social and environmental Management Structure” and
“Implementation of integrated good practices” are the main focus of studies in
the articles investigated.
Advances in innovations driven by market competitiveness, differentiation and
cost reduction are mitigating the challenges faced by the business context. In this
regard, the thematic axis “Sustainable Strategic Innovation” focuses on the relationship between sustainability and GRC’s business strategy. The studies on this axis
address the importance of integrating GRC and Sustainability as basis for competitive advantage and for revealing innovative strategic business opportunities. Based
on solidified governance practices, mapped and controlled risks, and an effectively
implemented compliance program, sustainability actions are consequences of integrated management. The innovative process is then properly aligned with the com-
313
Table 1 Conceptual framework
Thematic axis
Inclusion criteria
Main approaches
Sustainable strategic
innovation
Approaches that comprise
GRC mechanisms geared
towards sustainable
innovation
In the scope of innovation,
when researching the
resources for the development
of innovative projects, studies
have been focused on the
investigation of the relation
of sustainability and the
business strategy based on
GRC. In addition, it reveals
the central role of GRC
knowledge integration as the
basis of competitive
advantage, revealing strategic
business opportunities
Social and environmental
management structure
Approaches that demonstrate
the effectiveness of corporate
sustainability in the GRC
structure
It demonstrates internal
controls in the practice of
environmental risk
management, and governance
and compliance mechanisms
Implementation of integrated
good practices
Approaches related to the
practical implementation of
GRC mechanisms working in
tandem with the
sustainability mechanisms in
an integrated way
The implementation should
be carried out according to
the characteristics of each
company and their respective
need for advances related to
organizational strategies
Source Authors
The determination of the thematic axes related to a field of study is essential for
its better mapping because it allows the understanding of the basic theory that sustains each field and the authors’ reflections in relation to the variables proposed
in their studies. The investigated academic literature points to the formation of
3 thematic axes that make up the field of GRC study. The themes “Sustainable
Strategic Innovation”, “Social and environmental Management Structure” and
“Implementation of integrated good practices” are the main focus of studies in
the articles investigated.
Advances in innovations driven by market competitiveness, differentiation and
cost reduction are mitigating the challenges faced by the business context. In this
regard, the thematic axis “Sustainable Strategic Innovation” focuses on the relationship between sustainability and GRC’s business strategy. The studies on this axis
address the importance of integrating GRC and Sustainability as basis for competitive advantage and for revealing innovative strategic business opportunities. Based
on solidified governance practices, mapped and controlled risks, and an effectively
implemented compliance program, sustainability actions are consequences of integrated management. The innovative process is then properly aligned with the com-