Knowledge-Based Economic Development for Environmental, Social and Governmental Risk Management in Nordic CountriesAbstract: The Article is dedicated to social wellbeing , environment related and state institutions activity in the process of eliminating risks and to overcome roads by their theoretically and practical analysis.Article has been discussed an ideological level of various theories, opinions of well- known science and various countries experiences. in each country exists individual approach of social politics, environment protection and state institutions competencies. some approaches are addition benefit bringer, while some is doomed for failure. at a distance of history in many country of the world, accumulated successful experience social wellbeing, environment protective and state institutions strengthening in the direction to happen risks to a minimum reduction or at all eliminate them.noted with directions achieved Good luck stand out Nordic countries . in the second part of the Article, let’s get to know experience of each Nordic country in terms of: social politics, nature care and state institutions construction. Also, we will get to know each Nordic country by their achieved results to the economic growth, which has been reviewed Current challenges of ESG risk eliminating Technologies. Article will discuss risks, that are connected with the activity of the industries which are connected to social wellbeing, environment protection and strengthening of state institutions.Keywords: ESG risks, Social Wellbeing, Environment Protection, Government Resilient, “Triple Helix” ; “Quadruple Helix”, KBE Development.