Environmental Risk Management
Environmental Habitat’s Environmental Risk Management Program ( EH’s ERMP) is:
Determining what environmental risks exist or expected, and then to determine how to manage those risks in an environmentally sound manner.
Environmental Habitat’s Environmental Risk Management Program (EH’s ERMP) is based on 5 strategies:
Planning and or implementing the termination of environmental risks. By terminating the source of the risk.
Planning and or implementing the mitigation of environmental risks; by reducing the risks. Reducing them through preventive applications, corrective applications, and directive applications. Improving environmental management techniques or engineered systems.
Planning and or implementing the transfer of environmental risks; is in the scope of new technologies, procedures or investments. It could be through environmental insurance, contract transfer - transferring the risk to a better environmentally managed project-, or a Hybrid of both.
Planning and or implementing the exploitation of environmental risks in the scope of exploring and embracing the opportunities and benefits of the approached risk.
Planning and or implementing the acceptance of environmental risks in the scope of not intervening with new or existing situations; making a conscious decision to tolerate the risk.
Stages of Environmental Habitat’s Environmental Risk Management Program ( EH’s ERMP):
Defining the problem
Frame the questions
Develop conceptual models
Plan the assessment
Screen & prioritize risks
Identify the hazard
Assess the consequences
Asses their probabilities
Characterize risk and uncertainty
Mitigation, termination, transfer, or accept
Monitor and survey