Ecological Risks And Ecological Risk Management

In the economic language, we frequently speak about inflation risk, interest rate risk, currency exchange risk, psychological risk, credit risk. Over the last decades, the environmental risk has come to the attention of specialists and managers and has gained an increasing importance. Companies focus their attention on risk management as a key element in ensuring the success of the objectives. Environmental risk management provides a set of formal processes underlying environmental decision-making and supports the decision maker in its efforts to minimize the level of uncertainty.