Environmental risk management and future perspectives 

Environmental risk management has become a central issue for organizations in a world increasingly affected by climate change, overexploitation of natural resources, and pollution. 

Environmental risks, such as increased greenhouse gas emissions, biodiversity loss, as well as water and air pollution, affect the environment and the global economy [1]. 

Regardless of their size, organizations must recognize that their operations directly impact the environment, and therefore, proper risk management is essential for their long-term sustainability. For example, in the context of climate change, organizations must prepare for extreme weather events, such as hurricanes, droughts, or floods, but also implement actions to help reduce them. This requires planning to protect their infrastructure, supply chains, and local communities. 

Future perspective [2]. 

Environmental risks seem increasingly inevitable in the outlook, but there is also an opportunity for transformation. Policies and regulations will strengthen as environmental concerns gain ground globally, driving organizations to adopt more sustainable practices. 

Technological progress will be key in environmental risk management. Innovations such as renewable energies, carbon capture technologies, and circular economy-based solutions are tools that offer solutions to the most urgent environmental problems. 

On the other hand, social pressure and consumer demand for more sustainable products and services will accelerate the need for organizations to adequately manage these risks. Organizations that do not adequately manage their environmental risks could face economic costs, reputational damage, and loss of competitiveness.  

Therefore, integrating sustainability into business strategy will be an ethical choice and a strategic necessity. 

Actions to be taken. 

Some key steps that organizations can take now and in the future to properly manage environmental risks include: 

• Implement an Environmental Management System (EMS). 

• Adopt Clean Technologies and Renewable Energies. 

• Implementing the Circular Economy. 

• Adopt Climate Change Adaptation Policies and Strategies. 

• Promoting Corporate Social Responsibility (CSR) 

• Participation in Global Initiatives 

Environmental risk management is an opportunity to create long-term value. While the future is challenging, it also offers innovation, international cooperation, and sustainable growth prospects. Organizations that take a holistic approach to managing these risks will be better positioned to address environmental challenges and contribute to global well-being, as sustainability and environmental stewardship are the path to a more resilient and prosperous future for all. 

References. 

[1] International Monetary Fund. IMF Strategy to help members address climate change-related policy challenges: Priorities, modes of delivery, and budget Implications. IMF Policy Paper. 2021. Retrieved from: IMF Strategy to Help Members Address Climate Change Related Policy Challenges-Priorities, Modes of Delivery, and Budget Implications on 02/25/2025. 

[2] World Economic Forum. The Global Risk Report 2025. Insight Report. 20th Edition. 2025. Retrieved from: https://www.weforum.org/publications/global-risks-report-2025/ on 02/25/2025.