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Environmental risks will vary widely depending on a company's industry, location, customer base, regulatory regime — even its shareholders' expectations. A common thread, however, is that environmental risks are a major consideration for all stakeholders and involve a host of business situations and management decisions. How a company manages its environmental risks can not only affect its reputation and financial results but also can affect its competitive advantage and how it will fare in the global economy.
As the business world becomes increasingly global, environmental risks bring decision-makers two key challenges:
- First, they need to understand the environmental exposures that exist as a result of their local operations.
- Second, and not always as obvious, they need to develop a strategic plan for implementing an environmental risk management approach that takes into account the ever-changing nature of environmental exposures. It's important to realize that these exposures can shift due to changes in politics, regulations, product health and safety, and impacts to the environment, such as in the case of climate change.
Marsh offers a range of expertise and resources to help companies turn their environmental risks into a competitive advantage. Marsh colleagues continuously evaluate the changes taking place in the environmental risk management arena.
Many aspects of environmental risk management are highly specialized, which is why we often collaborate with companies and organizations that give us a deeper knowledge base. One recent collaboration involves a new software tool known as "SBS Discovery," which helps companies assess the potential value of impaired property holdings relative to their remediation costs.
Marsh has also published several reports and newsletters covering environmental issues in addition to holding Web casts on environmental risks. Please visit our reading room page to access our newsletters, reports, and Web casts.
If you would like additional information, please contact Marsh to discuss environmental risk issues:
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Overview
Reading Room
Contacts
Resources
Visit Our 2010 U.S. Insurance Market Report Web Site
Webcast: A Lot of Hot Air or Coming Disaster — Insurance Coverage for Global Warming Claims
Risk Report: New Environmental Liabilities for EU Companies
Marsh is proud to be a 2009 Annual Sponsor of the ABA's Section of the Environment, Energy & Resources. Learn about Marsh's technical roundtable on Carbon Sequestration at the ABA's 17th Section Fall Meeting.
Request a copy of our recent environmental Risk Alert.
Our Environmental Practice assists clients with a wide range of environmental tailored products and services aimed at turning risk into an advantage.
Contact Us:
Publications
The Green Built Environment in the United States: 2008 Year-end Update of The State of the Insurance Marketplace
Environmental Matters, Fourth Quarter 2007
Environmental Matters, Third Quarter 2007
Risk Talk: Emerging Environmental Risk — A Global View
Managing Your WEEE Responsibilities
New Regulation: European Union Environmental Liability Directive
Risk Alert: Climate Change
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