Are Corporates Taking Environmental Risk Seriously Enough?

In our sixth exclusive extract from Crawford & Company®’s new report, Scenario planning and adapting to emerging risks—a risk manager’s essential guide, we reveal what aspects of environmental liability could create the greatest exposures for risk managers.

ScenarioGuideWhen you look at which risk management trends are generating the most headlines, it seems that environmental pollution factors have fallen way behind other concerns for corporates in 2015. Barely making it into the top 20 of a recent Allianz survey[1], pollution is for many organisations, clearly an afterthought.

However, Crawford & Company®’s report, Scenario planning and adapting to emerging risks—a risk manager’s essential guide, reveals how the cost of regulatory intervention and remediation is an immediate threat to corporates.

“In the UK, signs of that increasing regulatory oversight are beginning to emerge,” the report states.  “Their rise may have cause to encourage a review of an organisation’s preparedness to react in the event of an incident. For example, UK Environment Agency figures reveal that while serious and significant pollution incidents have actually dropped (from 1292 in 2000 to 617 in 2012), the identification of their sources is increasing[2], potentially generating more interventions and demands for remedial work.”

To find out more, please download a full copy of the Crawford & Company report, please click here.

[1] Source – Allianz Risk Barometer 2015

[2] Source – Environment Agency – Pollution Incidents Report September 2013

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: