Sustainability risk management, its determinants and outcome in palm oil mills in Malaysia

Palm oil industry in Malaysia is under greater attention due to the claim of sustainability issues arising from palm oil productions. Sustainability issues, such as gas emissions, solid waste, labour issues, etc., indirectly expose Malaysian palm oil to sustainability risks, such as boycott, repu...

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Main Author:	Abdul Razak, Shazrul Ekhmar
Format:	Thesis
Language:	English
Published:	2022
Subjects:	Palm oil industry - Risk management - Malaysia
Online Access:	http://psasir.upm.edu.my/id/eprint/114024/1/114024%20%28IR%29.pdf
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id	my-upm-ir.114024
record_format	uketd_dc
spelling	my-upm-ir.1140242024-12-06T01:27:52Z Sustainability risk management, its determinants and outcome in palm oil mills in Malaysia 2022-06 Abdul Razak, Shazrul Ekhmar Palm oil industry in Malaysia is under greater attention due to the claim of sustainability issues arising from palm oil productions. Sustainability issues, such as gas emissions, solid waste, labour issues, etc., indirectly expose Malaysian palm oil to sustainability risks, such as boycott, reputational, and regulation risks. There is now heighten pressure on the industry to adopt a more sustainable stance towards reducing sustainability issues. Prior studies claimed that sustainability risk management is regarded as an important tool to address sustainability risks arising from sustainability issues. Therefore, this study examines the management of sustainability risks by implementing SRM. This study also investigates the influence of internal and external determinants on SRM implementation and its impact on sustainability performance. In total, 407 questionnaires were distributed between July and December 2020, with a response rate of 28.9%. Data was analysed using Failure Mode Effect Analysis and Structural Equation Modelling. Findings indicate that sustainability risk is identified as having a major impact on the palm oil mill operations, occurs infrequently, and is moderately easy to detect and recognise. Risk control and risk avoidance are the most risk response strategies employed to address the sustainability risk. Overall, palm oil mills have placed an adequate system to monitor the emergence of sustainability risks. The findings unveil that sustainability strategy, business size, top management support, regulatory pressure, and competitive pressure have positive and significant relationship on the SRM implementation. In return, the implementation of SRM has a positive and significant impact on sustainability performance. The findings indicate that the relationship between sustainability strategy, business size, top management support, regulatory pressure and competitive pressure and sustainability performance is indirectly through SRM implementation. The findings contribute to current knowledge and provide useful insight to policymakers on SRM implementation, its determinants, and sustainability performance. Palm oil industry - Risk management - Malaysia 2022-06 Thesis http://psasir.upm.edu.my/id/eprint/114024/ http://psasir.upm.edu.my/id/eprint/114024/1/114024%20%28IR%29.pdf text en public http://ethesis.upm.edu.my/id/eprint/18073 doctoral Universiti Putra Malaysia Palm oil industry - Risk management - Malaysia Mustapha, Mazlina
institution	Universiti Putra Malaysia
collection	PSAS Institutional Repository
language	English
advisor	Mustapha, Mazlina
topic	Palm oil industry - Risk management - Malaysia
spellingShingle	Palm oil industry - Risk management - Malaysia Abdul Razak, Shazrul Ekhmar Sustainability risk management, its determinants and outcome in palm oil mills in Malaysia
description	Palm oil industry in Malaysia is under greater attention due to the claim of sustainability issues arising from palm oil productions. Sustainability issues, such as gas emissions, solid waste, labour issues, etc., indirectly expose Malaysian palm oil to sustainability risks, such as boycott, reputational, and regulation risks. There is now heighten pressure on the industry to adopt a more sustainable stance towards reducing sustainability issues. Prior studies claimed that sustainability risk management is regarded as an important tool to address sustainability risks arising from sustainability issues. Therefore, this study examines the management of sustainability risks by implementing SRM. This study also investigates the influence of internal and external determinants on SRM implementation and its impact on sustainability performance. In total, 407 questionnaires were distributed between July and December 2020, with a response rate of 28.9%. Data was analysed using Failure Mode Effect Analysis and Structural Equation Modelling. Findings indicate that sustainability risk is identified as having a major impact on the palm oil mill operations, occurs infrequently, and is moderately easy to detect and recognise. Risk control and risk avoidance are the most risk response strategies employed to address the sustainability risk. Overall, palm oil mills have placed an adequate system to monitor the emergence of sustainability risks. The findings unveil that sustainability strategy, business size, top management support, regulatory pressure, and competitive pressure have positive and significant relationship on the SRM implementation. In return, the implementation of SRM has a positive and significant impact on sustainability performance. The findings indicate that the relationship between sustainability strategy, business size, top management support, regulatory pressure and competitive pressure and sustainability performance is indirectly through SRM implementation. The findings contribute to current knowledge and provide useful insight to policymakers on SRM implementation, its determinants, and sustainability performance.
format	Thesis
qualification_level	Doctorate
author	Abdul Razak, Shazrul Ekhmar
author_facet	Abdul Razak, Shazrul Ekhmar
author_sort	Abdul Razak, Shazrul Ekhmar
title	Sustainability risk management, its determinants and outcome in palm oil mills in Malaysia
title_short	Sustainability risk management, its determinants and outcome in palm oil mills in Malaysia
title_full	Sustainability risk management, its determinants and outcome in palm oil mills in Malaysia
title_fullStr	Sustainability risk management, its determinants and outcome in palm oil mills in Malaysia
title_full_unstemmed	Sustainability risk management, its determinants and outcome in palm oil mills in Malaysia
title_sort	sustainability risk management, its determinants and outcome in palm oil mills in malaysia
granting_institution	Universiti Putra Malaysia
publishDate	2022
url	http://psasir.upm.edu.my/id/eprint/114024/1/114024%20%28IR%29.pdf
_version_	1818586182956613632

Sustainability risk management, its determinants and outcome in palm oil mills in Malaysia

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