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9 Environmental Ethics
environment in which the organization operates, while the organizational context
refers to the core activities, objectives, and operations. Establishing the context
entails identifying risks within a domain of interest, planning the other part of the
process, mapping out the social scope, identifying stakeholder objectives, and the
basis on which risks would be evaluated (Pritchard 2014). The identification of
risks could begin with the source of the existing problems and the ones faced by
competitors. It is also crucial to conduct a source analysis to determine whether
the source of the risk is internal or external to the system. Some of the risk
sources are project stakeholders or company employees. Also, there is a need
to conduct problem analysis to determine existing threats. Environmental threats
could exist with several entities, including the risk associated with losing money
or human error. The method selected for identifying the risk can be determined by
the culture, compliance, and industry practice. Some standard environmental risk
identification methods include objective-based risk identification, scenario-based,
taxonomy-based, and risk-charting identification.
Identify environmental problems that can be solved using risk-mapping in
your community.
Identification of the risks seeks to identify the likelihood of bad things happening
and the consequences of these occurrences. Risks may be legal, ethical, financial,
or physical. Physical risks are the ones that involve personal injuries, weather, and
environmental conditions. Financial risks are the ones that entail the organization’s
assets and include license fees, insurance costs, fraud lease payments, and loans.
Ethical risks entail potential or actual harm that negatively affects the reputation of
the organization, whereas legal risks are made up of responsibilities that are imposed
on providers and consumers (Pritchard 2014).
Risk analysis and evaluation entails analysis of the probability and repercussions
of every identified risk and making decisions on the risk factors that will have the
most impact. Risk evaluation entails a comparison of risk levels found in the course
of the analysis process with previously established risk criteria and making decisions
on whether these risks could be accepted. In case the risk falls into acceptable or
low categories, they could be accepted with less treatment. These risks need to be
monitored and reviewed periodically in order to ensure that they remain acceptable.
After the identification of risks, an assessment is done in accordance with various
risk options. The first crucial aspect is designing a new business process that has
sufficient built-in risk containment measures from the beginning, periodically reassessing risks that can be accepted in the ongoing processes, and the transfer of
risks to an external company or agency, like an insurance company, and avoiding
the risks entirely.
Risk treatment entails identification of the range of alternatives for treating risks,
evaluating alternatives, preparation of risk treatment plans, and implementation of
9 Environmental Ethics
environment in which the organization operates, while the organizational context
refers to the core activities, objectives, and operations. Establishing the context
entails identifying risks within a domain of interest, planning the other part of the
process, mapping out the social scope, identifying stakeholder objectives, and the
basis on which risks would be evaluated (Pritchard 2014). The identification of
risks could begin with the source of the existing problems and the ones faced by
competitors. It is also crucial to conduct a source analysis to determine whether
the source of the risk is internal or external to the system. Some of the risk
sources are project stakeholders or company employees. Also, there is a need
to conduct problem analysis to determine existing threats. Environmental threats
could exist with several entities, including the risk associated with losing money
or human error. The method selected for identifying the risk can be determined by
the culture, compliance, and industry practice. Some standard environmental risk
identification methods include objective-based risk identification, scenario-based,
taxonomy-based, and risk-charting identification.
Identify environmental problems that can be solved using risk-mapping in
your community.
Identification of the risks seeks to identify the likelihood of bad things happening
and the consequences of these occurrences. Risks may be legal, ethical, financial,
or physical. Physical risks are the ones that involve personal injuries, weather, and
environmental conditions. Financial risks are the ones that entail the organization’s
assets and include license fees, insurance costs, fraud lease payments, and loans.
Ethical risks entail potential or actual harm that negatively affects the reputation of
the organization, whereas legal risks are made up of responsibilities that are imposed
on providers and consumers (Pritchard 2014).
Risk analysis and evaluation entails analysis of the probability and repercussions
of every identified risk and making decisions on the risk factors that will have the
most impact. Risk evaluation entails a comparison of risk levels found in the course
of the analysis process with previously established risk criteria and making decisions
on whether these risks could be accepted. In case the risk falls into acceptable or
low categories, they could be accepted with less treatment. These risks need to be
monitored and reviewed periodically in order to ensure that they remain acceptable.
After the identification of risks, an assessment is done in accordance with various
risk options. The first crucial aspect is designing a new business process that has
sufficient built-in risk containment measures from the beginning, periodically reassessing risks that can be accepted in the ongoing processes, and the transfer of
risks to an external company or agency, like an insurance company, and avoiding
the risks entirely.
Risk treatment entails identification of the range of alternatives for treating risks,
evaluating alternatives, preparation of risk treatment plans, and implementation of