Managing Environmental Risk
The issue of corporate social responsibility is increasingly becoming the object of attention from government, opinion formers and institutional investors. From an insurer’s perspective, the frequency and size of claims related to environmental impairment continue to increase and this is hitting re-insurers hard. There is a real need for insurers to adapt themselves to a rapidly changing risk profile. ‘Managing Environmental Risk’ looks at the different types of risk, the legal issues, and how risk can be mitigated using insurance and other financial measures. It clearly explains the relationship between environmental issues and business performance and how companies can meet the challenges. This book is a must-have publication for corporate risk managers, insurers, reinsurers, investors, fund managers, and law firms.
Introduction
“Environmental risk management is not a precise science. But sophisticated financial engineering, combined with sound practical risk management, can provide solutions that work for businesses and an increasingly demanding society.”
(Garry Booth, preface author, Managing Environmental Risk)
The issue of corporate social responsibility is increasingly becoming the object of attention from government, opinion formers and institutional investors. Until now, the way in which environmental liabilities should be reported has been rather vague. However, legislation is well on its way which will force companies to monitor and report environmental data. This is likely to seriously affect their image, their shareholder status and their earnings.
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