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 ?
Contractors may be overlooking many day-to-day environmental risks such as mold or legionella pnuemophila bacteria growth that can potentially expose their businesses to costly environmental liability lawsuits.
Environmental risks take their greatest toll on young children and older people, with children under 5 and adults aged 50 to 75 years most affected, WHO said in the report.
Insurers and their clients can protect against both traditional and emerging environmental risks by understanding them and reviewing the past few years to see what can be learned about the changing environmental risk landscape.
ACE Renewable Energy Environmental Protection covers the full spectrum of environmental risks faced by renewable energy companies, providing seamless coverage, from the start of construction of renewable energy plants through to their operation.
Responsible Mining: Case Studies in Managing Social & Environmental Risks in the Developed World
A facility of Lopez-owned Energy Development Corporation (EDC) has been accorded ISO:14001:2004 certification, a testament to its initiative of mitigating environmental risks and impact on its operations.
O'Leary says she enjoys working with clients and discussing Environmental risks "they didn't think they could manage.
This will also help ensure the development of an effective ERE Once the objective is established, an exposure analysis is conducted that identifies specific environmental risks.
THE EUROPEAN Commission may move against a Dutch ban on copper-based anti-fouling paints for leisure boats, after the European Union's (EU) Scientific Committee on Health and Environmental Risks (SCHER) concluded The Hague had insufficiently justified the law.
This past year, she handled a series of assignments for an East Coast power company that needed help in the recovery work on the commutation of a group of old general liability policies that involved environmental risks.
This hearing must cut through the industry's hype and focus on the real health and environmental risks of nanotechnology.
The confidential data issues, coupled with environmental risks, make the chain of custody for retired assets one of the most important aspects of the reverse logistics process.
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