Environment Risk Management of Warehouse and Production Hall Investment Projects

Abstract

Planning, implementation and operation of buildings and related outdoor areas in accordance with the principle of sustainable construction represent a current topic. Important elements of sustainability include the environmental impact assessment of construction works which may include CO2 emissions. Warehouses and manufacturing facilities are significant environmental polluters and emitters of CO2. Management of industrial companies seeks to manage this environmental risk and find ways of its reduction within the framework of sustainable development. The article deals with environmental risk management in general, its identification, assessment methods and development of the countermeasures to reduce or eliminate them. Continuous monitoring and control of the functioning of the measures represent an important component of their management. An analysis of a research sample of warehouse and manufacturing facility projects located in industrial zones shows that if companies fail to continuously reduce emissions, they may face secondary risks which may be related to the company's social impact, sales or reputation of the company and may affect, for example, their share prices. The output of the research presented in this article is a list of initiatives on reducing environmental risks (especially CO2) of warehouses and manufacturing facilities, determination of the costs associated with them and assessment of the socioeconomic impacts (benefits to society). The research serves as one of the steps towards determining the overall socio-economic effectiveness of these measures.