Environmental risk

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Environmental risk

The risk associated with economic or administrative consequences of slow or catastrophic environmental pollution.

Environmental Risk

The risk that a certain business venture or activity will cause destruction to the surrounding natural environment. For example, if oil reserves were discovered in a national park, there would be the environmental risk that exploiting the reserves might harm or destroy some of the park's wildlife. While environmental risk implies some moral or at least reputational risk, it also carries economic consequences. A company with environmental risk often has to pay fees for exemptions from certain policies, and it is usually responsible for cleaning up the environment in case it causes a slow or sudden disaster. See also: Cap-and-trade.
References in periodicals archive ?
Khartoum, May 29 (SUNA) - The Ministry of Minerals announced that a specialized committee is considering the health and environment risks resulting from use of mercury substance at the traditional gold mining areas in Sudan different states has concluded its works and recommended issuing an act draft that is ready to be referred to the parliament for approval.
A panel of experts will discuss how to proactively assess environment risks, catalog the latest wave of regulation legislation and review the lessons of recent litigation.
The Towers Watson Crisis Management team will specialize in terrorism, kidnap, ransom & extortion, product recall, and hostile environment risks.
Financial and workplace environment risks are the biggest issues concerning businesses today when it comes to paint application in areas where people are present, according to a study commissioned by Rust-Oleum (NYSE: RPM), a leading industrial paint manufacturer.
Losing any jobs in a zero-employment -growth environment risks further economic stagnation and presents a potential policy dilemma.
Brigadier Issa bin Said al Kiyumi, Director-General of Customs, pointed out that the system enables customs officers to bring a balance between facilitating trade, implement the international agreements and evaluate the risks at the incoming, outgoing and transit consignments that may have security, health or environment risks.
He added that wet-thermal treatment of medical waste provides excellent sterilization with less environment risks and less costs, while the burying technique isn't healthy.
The conference discusses the latest technologies used in assessing the work environment risks, early detection of their health complications, means of limiting these risks to ensure healthy work milieu and the importance of involving all respective authorities.
After a spike this year in construction industry value growth, the Philippines will experience slower and steadier growth over the next four years, although with considerable downside risk as the market is fraught with political, regulatory and other business environment risks.
The Animal Facility Worker module helps occupational health professionals assess medical history and work environment risks for each employee.
programme by ensuring that actual or potential climate and environment risks are assessed and
It will also build an electronic database for all the custom, security, health and environment risks.
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