Environmental risk

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Environmental risk

The risk associated with economic or administrative consequences of slow or catastrophic environmental pollution.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Speaking about it, lead author Rik Oldenkamp said, aACoeGetting an accurate picture of the environmental risks of pharmaceuticals around the world depends on the availability of data, which is limited," adding, "It's true that there are models, such as the ePiE model, which can give detailed predictions of pharmaceutical concentrations in the environment, but these are often only applicable to places where we already have a lot of information, such as rivers in Europe."
In addition to satisfying federal and state regulatory requirements, many of these programs have also become vehicles of choice for helping real estate owners to facilitate transactions and manage a wide breadth of operational and legacy environmental risks."
The students of the educational faculty deemed different environmental risks more important including chemical waste, as well as global and ecological risk factors.
In June, days before President Duterte was sworn into office, Jasareno again granted CMDC three transport and export permits because the ore stockpile presented environmental risks.
Summary: 2,138 people died due to environmental risks in 2012, says WHO.
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.
While flooding triggers traditional environmental risks like mold from water damage, pollutants and leakage, non-traditional impacts from microbial contaminants are also on the rise and insureds should be aware of the risks and costs associated with clean-up, remediation and prevention.
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.
For some transactions, environmental risks and liabilities add a formidable wrinkle to the equation.
Responsible Mining: Case Studies in Managing Social & Environmental Risks in the Developed World
"The NRC has not dealt seriously with the safety and environmental risks posed by extended spent fuel storage and disposal," said Diane Curran, the attorney handling the case for the nine green groups.
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