Risk management frameworks in Swedish multinational companies: A mini review of practices and global standards

Risk management is increasingly recognised as a strategic function within multinational corporations, particularly in light of growing global uncertainties. Swedish multinational companies (MNCs), known for their strong governance, sustainability orientation, and transparency, provide a unique context for examining how global risk management frameworks are applied in practice. This mini review explores the adoption and adaptation of international standards, such as ISO 31000 and COSO ERM, within the operations of leading Swedish MNCs. Drawing on published reports and existing literature, the review identifies common practices, emerging trends, and areas where Swedish approaches align with or diverge from international norms. Notably, companies demonstrate a shift toward integrated risk thinking, with increasing attention to digital, environmental, and supply chain-related risks. While the overall standard of risk governance is high, there remains variability in framework implementation and reporting depth across industries. The findings highlight the relevance of Swedish practices in shaping future global risk discourse and suggest the need for continued alignment with evolving international risk governance standards.