Managing Environmental Risks

Environmental risks, generally, refer to the exposure to liability for infringement of environmental obligations or damage or harm to the environment with resultant negative consequences on human health and the environment. “Environmentally dirty businesses” by extension soil their reputation and risk becoming international pariahs.

Types of Environmental Risks?
Diverse business entities may be exposed to different risks depending on the nature of their operations. Five general types of environmental risks can however be identified.
First, in a dynamic business environment, environmental compliance risks might arise for instance where a business operates without requisite permits or licenses and thereby fails to fulfill legal requirements.