Posts Tagged ‘ISO 14000’

Last year, The Economist Intelligence Unit (EIU), the business research arm of the company that publishes The Economist magazine, published a survey about the concerns and trends for environmental risk management.  The survey, sponsored by ACE, KMPG, SAP and Towers Perrin, was sent to 320 executives globally, half of which represented companies with greater than US$500million in annual revenue.  All respondents had material involvement in risk management for their organizations. The results of the survey provided a number of insights into perceptions of environmental matters within the context of overall corporate risk management.  A shortened list of the findings is reviewed below. Three key findings were: -       Only one-third of those surveyed include environmental within their overall risk management strategy.  The remaining two-thirds address environmental in an ad hoc fashion, outside of corporate risk management, or not at all.  EIU commented: This piecemeal approach may enable companies to identify isolated problems, but without oversight it will be difficult for them to obtain an overall picture of the risks they face. -       Three of the top four identified obstacles to effective environmental risk management illustrate this lack of an integrated approach and overall picture: Lack of certainty about impact of environmental

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