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"embracing risk" is grammatically correct and can be used in written English.
It is typically used in a figurative sense to describe someone or something that is willing to take chances or try new things, even if there is a possibility of failure. Example: "The company's success can be attributed to their fearless leadership and their approach of embracing risk to drive innovation."
Exact(27)
Embracing risk, essentially.
Companies really struggle with embracing risk and changing and deviating from plans.
He advises embracing risk in the American market in a big way.
That leads them to be most risk averse at the bottom, when they should be embracing risk.
This seems to be a period of caretaking rather than one of embracing risk — and inspiring growth — in the way that Mr. Austin did.
They have successful images to preserve, so instead of embracing risk, they hunker down and lock themselves into routines at the expense of personal growth.
Similar(33)
And Caltrans as a whole is embracing risk-management best practices by using a scalable approach and introducing accountability checkpoints.
Our culture is embracing risk-taking and innovation at the educational level and it's paying off.
Our research has shown us that embracing risk-taking and banishing perfection are critical challenges for girls today.
It's a risk-averse way to embrace risk.
He embraced risk and lost his fear of failure.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com