Evaluation of Governance, Risk Management, and Compliance (GRC) Policies in Supporting Sustainability and Corporate Social Responsibility

Abstract

In an era of increasing scrutiny on corporate behavior, the integration of Governance, Risk Management, and Compliance (GRC) policies has become essential for organizations striving to achieve sustainability and corporate social responsibility (CSR). This research aims to evaluate the effectiveness of GRC policies in supporting sustainability and CSR initiatives across various industries. Employing a mixed-methods approach, the study combines quantitative analysis through surveys administered to diverse organizations and qualitative insights from interviews with key stakeholders in GRC, sustainability, and CSR roles. The findings indicate a significant correlation between well-structured GRC frameworks and enhanced sustainability outcomes, with organizations reporting a 30% increase in achieving sustainability targets. Additionally, qualitative data revealed that effective governance fosters accountability, proactive risk management mitigates environmental and social risks, and compliance cultivates stakeholder trust. The research concludes that organizations prioritizing and integrating GRC practices are better equipped to navigate sustainability challenges and improve their CSR efforts. The study contributes to the existing literature by providing empirical evidence linking GRC policies to sustainable practices. It emphasizes the need to adapt these frameworks to meet evolving societal expectations. These insights offer valuable guidance for practitioners seeking to enhance their organizational strategies and promote responsible business conduct.