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 ?
AIR pollution, unpure water and vitamin D deficiency are all included in a shortlist of environmental risk factors for dementia.
A new advisory from Chubb discusses these jobsite environmental risks and examines how awareness, prudent risk management planning, and a contractor's pollution liability (CPL) insurance policy are essential ingredients for mitigating environmental risk on every job.
Global Banking News-June 30, 2016--Chubb names new environmental risk underwriter for Asia
The latest report found that these environmental risk factors led to 12.
While major catastrophe claims for traditional environmental exposures continue to comprise the majority of claims processed, new emerging risks like microbial contamination or secondary contamination are becoming major contributors to environmental risk claims.
ACE Group has launched ACE Renewable Energy Environmental Protection, the first dedicated environmental policy for companies in the renewable energy industry in the UK and Ireland, as ACE continues to invest in its environmental risk capabilities.
Environmental Risk Analysis: Probability Distribution Calculations
The new proactive program, ACE ALERT (ACE Logistical Environmental Response Technology), is available 24/7 via mobile application, website link or toll free number and is designed to help ACE Environmental Risk clients better manage and potentially contain costs and limit liability after spills that require cleanup and site remediation.
A challenge he sees in managing Environmental risk is that it is "often hidden," which necessitates extensive due diligence when an organization is attempting to acquire property.
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.
M2 EQUITYBITES-6 July 2010-ACE names Perrine Kalina as engineering coordinator and assistant underwriter for Environmental Risk team(C)2010 M2 COMMUNICATIONS http://www.
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