Category Archives: Facts and Information
What is Environmental Risk Management?
Risk Management is defined as “the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.”
Environmental Risk Management is the application of managing environmental and other related risks such as tort liability, speculative risk, transactional, or financial risk, married with a strategy to help mitigate short and long term liabilities generally associated with business activities and opportunities.
Fidelis provides current and future property owners and investors the confidence to acquire and redevelop environmentally impaired properties by providing the most cost effective methods to assess, estimate, and execute complex environmental restoration projects while managing the variety of technical and economic risks inherent to this work. We provide our customers with services that focus on identifying those project conditions that present risk then manage the project in a manner that recognizes and mitigates those risks.
Risk mitigation is managed through monitoring and project controls and the use of risk management products designed to transfer risk to third parties whenever technically and contractually feasible. Fidelis specializes in structuring and supporting environmental liability assumption transactions.