When it comes to environmental stewardship, companies today are facing more pressure than ever from regulatory agencies, investors, business stakeholders, and the general public.
The breadth of environmental risks related to corporate activity are broad. Corporations are being called upon to not only avoid impacting the environment as a result of their operations, but also to manage emerging issues such as new contaminants, changes in regulations, product liability, and a changing environment, including more frequent and more severe weather events.
To make matters more complicated, multinational companies have a responsibility to adhere to a wide range of regulations globally. Environmental policies can vary significantly from country to country, making compliance a major pain point. This is especially true in regions where liability for environmental damage tends to be quite high, including the European Union. Mishaps or lapses in oversight can have devastating consequences on a company’s employees and communities, public image, and bottom line.
Marsh’s environmental risk specialists – with backgrounds in engineering, consulting, underwriting, and risk management – can help your company understand the risk implications of the complex landscape of environmental regulations and their impact on stakeholder expectations. We also can help you put in place appropriate risk management solutions, so that you can remain focused on achieving your business goals.