Environmental risk exposures hampered by lack of regulation says Ace
The effective management of environmental risks is being hampered by a lack of certainty about the impact of environmental liabilities and slow progress on international regulatory harmonisation, according to the latest research amongst senior risk managers by the Economist Intelligence Unit (EIU), co-sponsored by insurer Ace.
The survey of 320 senior global executives revealed that environmental risk management has been neglected by many, with 43% of respondents saying that they either managed it in an ad hoc manner or not at all.
According to Ace, this suggests that despite media, investor and regulatory scrutiny of businesses’ performance in this area, environmental risk has not yet become part and parcel of the main risk management agenda.
When asked about the main areas hindering their ability to manage this
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