Environmental risk management: practical application issues

Abstract

The aim of the study is to identify how we can use some methods of environmental risk management at the macro, meso and micro levels. It is necessary for minimizing and reducing the consequences of environmental disasters; identify opportunities and practical tools for neutralizing environmental risks and threats. The general scientific and special methods, such ascontent analysis method, system analysis method, retrospective analysis method, statistical survey methods, benchmarking were chosen and used as the scientific tools for this study. The research was informed by analytical developments of the Federation of European Risk Management Associations (FERMA), The Committee of Sponsoring Organizations of the Treadway Commission (COSO), the Federal State Statistics Service. The works of researchers in sustainable development, green economy and risk management filds were used as the theoretical and methodological basis of the study. The definitions of environmental management and sustainable development were the basis of the study. The development of an integrated approach to environmental risk management at all levels of the economy is the result of research. The integration of risk management helps to increase adaptability to the risks resulting from change. Some practices of implementing a risk-oriented approach in solving environmental problems at the state, regional and urban, enterprise and individual levels are un the article. Strategic development programmes, national projects and programmes are the practices at the state level; technological and digital innovation are the practices at the regional and urban levels; environmental compliance and environmental due diligence are the practices at the enterprise level; environmental thinking and culture is to form at the individual level. As an issue to be debated, the author considers the application of the acceptable risk principle (the assessment of environmental risks as «cost-benefit-risk»), and identifies the need to apply the zero environmental risk principle everywhere.