Question

I. What is Environmental Risk Management?

II. What are the benefits of Environmental Risk Management?

III. Describe the term ‘Sustainability.’

IV. Outline the indirect environmental risks that can affect a business?

V. What is Carbon Trust? Describe its main objectives?

Answer 1

Answer

1) environmental risk management: refers to managing the identified environmental risks, that may harm the people and surrounding. It involves mitigating and reducing the impact of risks for saving human beings and environment from getting harm.

2) benefits of environmental risk management:

* Monitoring and mitigation of the risks, to reduce its adverse impact.

* To protect and safeguard human lives, and environmental resources.

* It helps to stay proactive and make the business more socially responsible.

* Enhance the goodwill and help to keep the customers satisfied.

3) sustainability: the term refers to the achievement of success and long term existence, meeting the present needs, without harming the resources, that are required for safeguarding the future and to meet future needs, by considering social, Economic and environmental aspects.

4) indirect environmental risks that can affect the business include:

* Loss of resources due to heavy storm or rain, that leads to stoppage in the operations of a business.

* Inflation and economic downturn, due to flooding, agricultural crops damaging.

* Shortage of food and water, due to natural disasters, that may halt the business, and harm the people to a great extent.