Abstract
With the accelerated adoption of ESG principles, ESG risk management is facing severe challenges and unprecedented opportunities, and many companies have initiated the disclosure of ESG information, the development of ESG governance frameworks, and other activities to provide a solid foundation for advancing ESG. Fundamentally, ESG focuses on managing a company's non-monetary risks. Over time, multiple strategies will be integrated into risk management to achieve sustainable growth of the company's operations through ESG risk management. This paper will study the framework and standards of ESG risk management through theoretical research, analyze the opportunities and challenges of ESG risk management in combination with the case of Xiaomi, and provide good experience and reference for more excellent enterprises.