Skip to main content

Podcast

Managing environmental risk

Explore how environmental due diligence helps manage environmental risk and pollution liability across land acquisition, construction, and operations.

Episode 14 of our Powered By podcast series is now available!

This episode of the podcast series, hosted by Sarah Baldys and Grace Brighter, explores how Marsh helps clients manage environmental risk across land acquisition, development, construction, and operations, with environmental practice leader Kimberly Mann explaining how her team focuses on pollution-related exposures. The conversation emphasizes the importance of early environmental due diligence, especially Phase I environmental site assessments, to understand historical site conditions, identify potential liabilities, and support informed decisions for projects such as power facilities and data centers. Kimberly also discusses how indemnities, escrows, contractual risk transfer, and pollution insurance can help address both known and unknown contamination issues that may arise during a transaction.

The discussion then moves into the construction and operational phases, where environmental exposures can expand through existing contamination, contractor activity, and new pollution generated on-site. Kimberly outlines how different pollution liability insurance products can support each stage of the project lifecycle, including site pollution coverage and contractor’s pollution liability, while also helping satisfy lender and investor requirements. The episode closes by highlighting the operational realities of data centers, including water use, wastewater, noise, and indoor air concerns, and underscores the need for leadership to oversee environmental risk comprehensively to protect project viability and long-term resilience.

Apple Podcast
Download transcript

Three key takeaways:

Placeholder Image

Leverage

Use D&O analytics to quantify frequency, severity, and valuation impacts so boards can assess true exposure and tail risk.

centralize

Combine

Integrate emerging-risk models (cyber-to-physical, wildfire, demand/supply shocks) with D&O scenarios to capture cascading effects.

Placeholder Image

Evaluate

Adjust program design and limits based on model-driven insights to improve efficiency and protect against evolving, high-severity events.

Podcast

Powered by Marsh FINPRO podcast series

Learn more about our podcast series that examines the opportunities and challenges in the energy and power industry due to the energy transition and how to manage the resulting management liability risks.

About our speakers

Placeholder Image

Sarah Baldys

Managing Director, FINPRO Energy & Power Leader

  • United States

Sarah is a Managing Director at Marsh where she leads a national team of FINPRO colleagues with specialized expertise in the Energy and Power sector.

Brighter

Grace Brighter

Associate Client Executive, Energy & Power

  • United States

Grace Brighter is an Assistant Vice President within Marsh’s FINPRO Placement Team. She is responsible for working with insurance carriers and negotiating competitive coverage for her clients.

Kimberly Mann

Kimberly Mann

US Strategy and Growth Leader, Global Environmental Practice

  • United States

Kimberly Mann is the US Strategy and Growth Leader in Marsh’s Environmental Practice. She has a proven track record in developing innovative solutions that address the dynamic business and regulatory challenges within the environmental sector. In her role, she is responsible for leading the development of cutting-edge strategies tailored to meet the evolving needs of clients in an increasingly complex environmental landscape.

Related insights