ABSTRACT
Given the uniqueness of environmental management issues and their position outside the mainstream of the company’s day-to-day operating activities, it can be difficult for corporate management to assess the state of its program. One way to garner such independent assessment is to engage an environmental management assessment. The environmental management assessment analysis should employ tested methodologies for extracting key issues that may be adversely influencing the company’s environmental management program. Proactive Corporate Environmental Management must understand that environmental risk is more than the assessment of individual company risks due to accidents, major incidents, unexpected regulatory cost impacts, or unexpected damage to brand reputation. True environmental risks are the bottom-line impacts on the stock of the company. Corporations would be well advised to try to identify the type of natural disasters that their facilities and markets are susceptible to from a direct and indirect damage standpoint.
