RISK MANAGEMENT & SUSTAINABILITY
How Does Sustainability Relate to the Risk Management Curriculum?
The Purpose of the "Courses" Page
The "Courses" page is meant to show you connections between sustainability and core courses in a particular business major. In some cases, these connections may not yet be a part of the course. We are working on that! If you are a student, you can ask for these connections to be a part of the course. If you are a faculty member, you can integrate them in as you see fit.
Course descriptions are adapted from the Penn State University Bulletin. This is not a comprehensive list of courses in the major. Learn more about this major at Penn State Smeal Undergraduate Education.
RM 301: Risk and Decisions
RM 301 Risk and Decisions is an introduction to decision-making under uncertainty. Concepts are covered in mathematical probability and statistics, decision theory and game theory. The course teaches how to conceptualize decisions involving risk, how to analyze choices, how to estimate risk, and how to communicate and defend one’s analysis to others.
Sustainability risk management questions to consider:
- What social and environmental data is needed for the statistical analysis and modeling of risk?
- How can statistical models be used to make optimal decisions for both sustainability-outcomes and profitability?
- What is the unique role enterprise risk management professionals can play in supporting the sustainability/ESG performance of the enterprise?
RM 302: Risk Management and Insurance
RM 302 Risk Management and Insurance covers the risk management process used by organizations to deal with the risks that they face with an emphasis on the types of risk commonly handled through the commercial insurance market. It addresses the costs and benefits of risk management, the goals of the process and the methods available to handle risks.
Sustainability risk management questions to consider:
- How are regulations like those pertaining to environmental, social and governance risks integrated into the corporate ERM function?
- How does the enterprise risk management process address the issue of climate change?
- How are the objectives of sustainability consistent with the objectives of corporate risk management?
RM 405: Corporate Risk Management
RM 405: Corporate Risk Management covers risk management for firms and organizations; loss control, risk transfer, and loss financing alternatives; and corporate employee benefit program design and financing.
Sustainable risk management questions to consider:
- How can the risk management process be used to deal with climate change?
- What is the role of enterprise risk management in corporate governance?
- Do investors value the money that corporations spend on sustainability?
Learn how this major leads to sustainability-focused careers.
ADVANCE YOUR KNOWLEDGE OF RISK MANAGEMENT AND SUSTAINABILITY
Learn what sustainability risk management is all about and its importance
Learn the important things to know in this field
Learn how sustainability fits into your courses
Learn how sustainability relates to your career