Abstract: Purpose/Significance Emerging technology, an important component of technology innovation, has “duality” and may cause a series of risks while generating positive economic effects, among which ethical risks cannot be neglected. However, there is a lack of research regarding the ethical risks. Design/Methodology This paper firstly mentions the current status of research on negative externalities and “responsible innovation” in emerging technologies; secondly, it summarizes the concept of ethical risk and the current research status; thirdly, it reviews the risk management methods and tools and proposes the feasibility of applying them to the research of ethical risk management in emerging technologies; finally, it puts forward the research limitations in this field. Findings/Conclusions On this basis, it is recommended to use a systematic research framework for ethical risk management and a relatively mature system of risk management methods to conduct research in a multi-dimension and cross-level manner.