Environmental risk/impact/compliance

Risk (threat and opportunity) analysis— likelihood and consequent impacts of risks to assess their significance. Impacts to be considered include financial, reputational, safety, health, environmental, community and compliance impacts. 

An important consideration of waste minimization projects is their potential to reduce the toxicity of a waste stream and thereby to reduce the environmental risk. Although these risks can be qualitatively identified, it is difficult to quantify their financial impact. Also, although the profitability of a waste minimization assessment program is important in deciding whether to implement a project, compliance with environmental regulations must be considered. Violations may ultimately result in shutting down a facility, or carry possible criminal penalties for the company s responsible people. 

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