This timely publication considers recent developments in environmental risk management as they relate to commercial organizations, including risk transfer through insurance. It starts by looking at characterization of risks based on the hazard-pathway-receptor principles, emphasizing the importance of site specific factors. Environmental risks are increasingly considered as a part of strategic control assessment. Checklists and case studies are presented to assist in review and assessment of environmental risks. Further guidance is offered for decision making under uncertainty, showing the potential of tools such as Monte Carlo analysis and fuzzy logic, and leading to a review of risk assessment and management frameworks. Environmental Risk Management is an accessible and valuable reference to those from a range of backgrounds - including occupational hygiene, safety, quality personnel and operational managers - who are dealing with environmental issues within their organization.
Table of Contents
List of Tables and Figures * Acknowledgments * Executive Summary About the Author * Introduction * The Nature of Environmental Risks * Property Related Environmental Risks * Financial Risk Transfer * Risk Management Integration * Decision Making with Uncertainty * Risk Assessment and Management Frameworks * Acronyms and Abbreviations * References * Appendix A - Environmental Issues in Corporate Transactions
Following completion of research in environmental chemistry, Paul Pritchard worked at the Laboratory of the Government Chemist, investigating soil and water contamination. Several years in environmental consultancy saw a shift towards risk management work. He has worked in the Royal & SunAlliance group since 1994, with responsibilities including the assessment of underwriting environmental risks and the implementation of internal controls. In his spare time, he tries hard to reconcile a concern for the environment with an interest in classic motorcycles.