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 ?
Ratcliff Award for their article, "Environmental Risk Premiums and Price Effects in Commercial Real Estate Transactions," published in the Winter 2018 issue of The Appraisal Journal.
"Our model predicts a relatively high environmental risk for ecoregions in densely populated and dry areas such as the Middle East, yet those are precisely the areas where there is little data on pharmaceutical use and concentrations in surface waters," said Oldenkamp.
AXIS Insurance and a partner will provide environmental risk products for contractors, consultants and engineers in the United States.
AXIS Insurance, DUAL North America Partner on Environmental Risk Program
During the panel titled "Identifying, Avoiding, Mitigating, and Insuring Environmental Risk in Construction," Slaugenhoup will join industry experts on September 12th in a discussion of present-day pollution liability exposures and the strategies currently available for transferring risks and avoiding costly delays and litigation.
Frank Dorssers, Vice President Systems, Customized Services at TUV Rheinland Group, said during his speech: 'Environmental risk develops in a dynamic way.
The National Risk Assessment Partnership (NRAP), Toolset is a software package designed to assess environmental risk performance of geologic carbon dioxide (CO2) storage sites.
Individual environmental risk perception and attitude should influence the behavior of solving environmental problems [6-8].
AIR pollution, unpure water and vitamin D deficiency are all included in a shortlist of environmental risk factors for dementia.
Chubb (NYSE:CB) has said that it has appointed Oliver McCauley as the environmental risk underwriter for Asia.
The latest report found that these environmental risk factors led to 12.6 million deaths out of a total of 55.6 million.
When we think of environmental risk, we think of the traditional causes -- fires, explosions, leaking tanks or pipelines, and spills.
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