Environmental Risk Management

Environmental Risk Management (ERM) within Enterprise Risk Management focuses on identifying, assessing, and mitigating risks that an organization may face due to environmental factors. This can include issues like climate change, pollution, resource scarcity, and compliance with environmental regulations. Effective ERM helps companies protect their assets, enhance their reputation, and ensure long-term sustainability by proactively addressing potential environmental threats. By integrating these considerations into their overall risk management strategies, organizations can minimize financial impacts and support responsible business practices while contributing to environmental stewardship.