There are a range of environmental risks that arise from industrial activities and society in general. These risks must be viewed in the context of the natural ecological changes that occur in the environments and the natural variability of ecosystems.
Businesses need to constantly manage risk from a variety of sources, including financial, technical and safety. The treatment of environmental risk is a more recent activity attracting increasingly greater attention from regulatory agencies, industry and the general public.
In conducting environmental risk assessment it is essential to correctly formulate the risk assessment problem; to identify the sources and characteristics of risk, the potentially vulnerable aspects of the surrounding environment, and the criteria that will be used to rank significance of effects on the environment.
MacroEnvironmental risk assessments include consideration of process engineering, facilities design, ecological sensitivities and social surroundings.