Environmental risk

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 ?
Craig Richardson, Atlanta-based Senior Vice President in the Environmental Risk Group at Ace USA
A Qatargas team took the stage at an ethical corporation conference on social and environmental risk management earlier this month.
Semi-field methods for the environmental risk assessment of pesticides in soil; proceedings.
Environmental risk management is likely being hampered by the slow progress of international regulation and lack of certainty about the impact of environmental liabilities, according to a recent survey.
In addition, only a few contractors have actually taken the time to methodically plan out their environmental risk management strategies, let alone successfully executing the tactics when adverse circumstances arise.
In an expert opinion, the committee concluded the Netherlands government's explanation "does not provide sufficient sound scientific evidence to show that the use of copper-based antifouling paints in leisure boats presents significant environmental risk.
Environmental risk management and insurance remain essential to making real-estate deals work.
Areas covered by the system include health and safety, fire, water, asbestos, environmental risk and disability access.
Genetic and environmental risk factors for Parkinson's disease in a Chinese population.
That's the interpretation by the Bromine Science and Environmental Forum (BSEF) of last month's European Union Environmental Risk Assessment Report.
One quick and cost effective starting point to determining the potential environmental risk issues before purchase, is via a preliminary environmental risk assessment.
Browner called for considering the unique vulnerability of children and infants in all assessments of environmental risk.
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