Environmental risk can have serious negative effects on an organization's financial well being and its ability to achieve its business objectives. Existing and forthcoming legislation and regulations — as well as governance and accounting trends of environmental risk and liability — can influence an organization's financial performance, reputation and brand, cash flow, and shareholder value.
Corporations and their directors and officers are at increasing risk of facing criminal allegations and serious financial penalties imposed for not properly addressing environmental issues. With an increase in the U.S. Environmental Protection Agency's (EPA) enforcement activities, new environmental reporting requirements and uncertainty regarding climate-change laws and regulations, financial assurance and other emerging issues, most industry sectors are seeing an increase in their environmental exposures.
The experience the professionals in our Global Environmental Practice have gained advising thousands of clients has reinforced our understanding of the need to bring a multidisciplinary approach to solving environmental risk issues.