Environmental risk and management strategy : the implications for financial institutions

The pressures to include specific environmental considerations within corporate strategy are increasing. While clear evidence exists of“green” issues entering the financial agenda, the full consequences have yet to filter through into an impact on strategy. Examines both the legislative pressure and pressure from financial markets for companies to adopt an environmental risk strategy. Categorizes the pressures from financial markets into two groups:lenders and equity investors, and uses case evidence to illustrate current management issues. A guide to establishing an environmental management system is defined as a tool to complement the development of an environmental risk strategy.