Magazine article Risk Management

Editor's Prerogative

Magazine article Risk Management

Editor's Prerogative

Article excerpt

Many businesses haven't been particularly sympathetic to green causes. The international meeting on climate change, which took place this past December in Kyoto, Japan, highlighted the differences between goodwill, good government, good science and good business. While there seems to be little agreement on the subject of global warming, that doesn't mean companies-particularly in the insurance community-aren't pressing forward with a number of initiatives that make good sense.

As you'll read in this edition of Risk Management, companies that are proactively addressing their impact on the environment can be "green" in both the environmental and economic senses of the word. Consider the issue of compliance. The U.S. Clean Air Act-Risk Management Plan mandates a number of environmental emergency planning measures that can benefit companies, whether or not they're subject to the act's requirements. Other environmental regulations can generate steep penalties or long court battles. Better, you might say, to devote your energies to positive measures that not only benefit the environment, but also the work force, your reputation and the bottom line. That's the notion behind the cover story by Evan Mills, a scientist who, with his coauthors, has some practical advice concerning engineering, materials and product design advancements that also make a lot of sense from a risk management perspective. …

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