Risk Profiling for Corporate Environmental Compliance Management

Abstract

It is the ultimate goal of corporate environmental compliance management to assure that the company complies with all relevant legal regulations. Among other factors of success this requires to be aware of events that can cause non-compliance. However, risk management has so far gained only little attention in the environmental compliance research community and also by practitioners. In this article a risk management framework for corporate environmental compliance is proposed that considers the correlation between a company’s compliance enforcement activities and the resulting compliance status. Furthermore, central considerations for extending an existing environmental compliance management information system by a novel risk profiling service are described.