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The aim of the paper is to propose a method that may assist organisations in the task of selecting appropriate indicators for their environmental performance evaluation procedures.

The proposed method is based on the principles of risk assessment, a key technique in the protection and management of the environment. When well‐constructed, it may cover all aspects of an organisation's activities, thus providing a sound base for the identification of the most significant indicators to be considered for the environmental performance evaluation.

The proposed approach starts from an initial set of numerous indicators. Each indicator is identified in order to monitor and assess the progress towards the achievement of a goal that has been set in relation to a particular environmental aspect of the activities of the considered organisation. For each indicator, a related environmental risk is assessed that may then be used to prioritise the indicators, and identify the most significant ones as far as the environmental aspects of the considered organisation are concerned.

Despite the fact that the environmental performance evaluation has been considered to be both significant and useful, the approaches proposed, so far, are very generic and do not provide actual assistance to the organisations that wish to adopt and apply such procedures. The main advantage of the proposed methodology lies exactly at this point. It facilitates the process of environmental performance evaluation providing substantial assistance to one of the most important stages that is to decide which particular indicators will be considered.

The purpose of this paper is to explore the relationship between multivariate process capability indices and loss functions for both nominal‐the‐best and smaller‐the‐better cases, so the likelihood and consequences resulting from the nonconforming of a manufacturing process or an environmental system can be evaluated simultaneously.

In this paper, the authors present a new approach of correlated risk assessment by linking the multiple process capability indices and loss functions, in which the multivariate process capability indices and multivariate loss functions describe the likelihood and consequences as a result of nonconformities in multivariate manufacturing or environmental system, respectively. Then, the associated relationship equations are developed using multivariate methods. Moreover, a step‐by‐step procedure is provided to facilitate the implementation of the correlated risk assessment.

Given the multivariate process capability indices, the authors show that the expected loss can be estimated by developed relationship equations and two numerical examples are also given, to demonstrate how the correlated manufacturing and environmental risks can be properly assessed by linking the multivariate process capability indices and multivariate loss function.

The risk information of likelihood and expected loss, classified in the four planning zones of a strategic planning matrix, provides practising managers and engineers with a decision‐making tool for prioritizing their quality improvement projects when conducting risk assessment for any multivariate process or environmental system.

Once the existing quality/environmental problems and their Key Performance Indicators are identified, one may conduct risk assessment by applying the relationship equations to evaluate the impact of correlated risk on manufacturing processes or multiple environmental emissions inside company; this can lead to the direction of continuous improvement for any industry.

The purpose of this paper is to develop a novel integrated risk assessment method from the system perspective to evaluate the risk of the cross-regional mega construction project (CMCP). Furthermore, this paper aims to confirm the core risk source factors and refine the risk management strategies of CMCPs through a case study.

Based on the analysis of the risk system of CMCPs, the concept model and risk assessment principles of integrated risk assessment were confirmed. The risk source factors and project objectives of the CMCP were identified from a literature review, export interview and case analysis. According to the vulnerability theory, the integrated risk assessment model was developed by involving vulnerabilities, threats, objectives and interaction of those factors synthetically. Then, ZW high-speed railway from China was analyzed to verify the feasibility and effectiveness of the proposed method.

As a result, 12 threat factors and 12 vulnerability factors were identified. Based on the case study, the main external threat comes from T13 (conflicts of interest between local governments) and T23 (harsh natural environment); the most easily exploited internal vulnerabilities were V11 (complexity of technology), V13 (lack of experience in technical application), V21 (inadequate experience) and V23 (lack of interest coordination mechanism). Moreover, the economic objective was most affected.

It is essential to develop an interest coordination mechanism for CMCPs. The harsh natural environment is a critical factor, but it also promotes technological innovation and iteration. Public opinions in different regions are critical for CMCPs, and more emphasis should be placed on public opinion surveys of CMCPs. Moreover, diverse and flexible environmental protection strategies should apply in CMCPs.

This research has the following three contributions. First, based on vulnerability theory, an integrated risk assessment approach of CMCPs is developed, which enriches the risk measurement method system and provides inspiration for future research on risk in the construction industry. Second, the risk sources of CMCPs are identified from the perspective of vulnerability and threat to provide clear guidance for the risk management of CMCPs. Third, the core risk source factors and management strategies confirmed by the case study will be beneficial for various governments in different regions and project managers to optimize the project management scheme, as they are transferable management experiences.

This paper proposes an integrated methodology for process design to guide decision making under uncertainty by combining life cycle assessment (LCA) with multi‐criteria decision‐making tools.

Cleaner and greener technologies for process and product selection and design have gained popularity in recent years. The LCA is a systematic approach that enables selection of cleaner and greener products and processes. Recently, significant progress has been made for the use of LCA for product/process evaluation and selection. However, its use in process design and environmental decision making has not been fully exploited. The proposed methodology GreenPro‐I is a systematic approach to estimate environmental risks/impacts associated with life cycle of products, processes and services. It evaluates environmental burdens by quantifying energy and materials used and waste released into the environment. It identifies and evaluates opportunities, which affect environmental improvements. The assessment includes the extraction/excavation and processing of raw materials, manufacturing, transportation and distribution, use, recycle, and final disposal.

GreenPro‐I overcomes many of the problems faced in the conventional approaches and establishes a link between the environmental risks/impacts, cost, and technical feasibility of processes.

GreenPro‐I provides a comprehensive decision‐making tool for designers, regulatory agencies, business organizations and other stakeholders.

This paper aims to quantify the (syndicated) loan exposure to elevated environmental risk sectors of the banking system in the USA, EU, China, Japan and Switzerland at US$1.6tn and to highlight its importance, which ranges from 3.8 (USA) to 0.5 per cent (China) in terms of total national banking assets. The paper highlights the relevance of exploring prudential policy responses, including a harmonized taxonomy, statistical and reporting framework that could contribute to internalizing the negative externalities associated with climate risks by both banks and their supervisors. Among the prudential supervisory tools, credit registers facilitate the assessment of environmental risk drivers in “carbon stress tests.” This paper also presents a framework of analysis for the regulatory treatment of climate-related risks.

Similarly to Weyzig et al. (2014), this paper uses financial databases on the banks’ role as book runners for syndicated loans; that is, as the lead arrangers who also provide a large share of the actual lending. Loans are outstanding on December 31, 2014, and the paper assumes linear amortization of loans issued before that date and with maturity after that date. This study includes the largest banks from the above-mentioned countries with financial information available in SNL Financial and EU banks with financial information available in the ECB database on December 31, 2014. By assessing the relative share of the ten largest (or total reporting if less) banks’ exposure to each high environmental risk sector in relation to their total assets, these findings can be extrapolated across sectors in the respective country.

This paper quantifies the loan exposure to elevated environmental risk sectors of the banking system in the USA, EU, China, Japan and Switzerland in US$1.6tn, broadly in line with the findings of Battiston et al. (2017) and Weyzig et al. (2014). This paper also explores prudential policy approaches and tools. In addition to the lack of taxonomy of “brown” vs “green,” the paper identifies the limitations to assess the risks involved in the transition to a low-carbon economy: supervisory reports that do not make full use of the existing international statistical framework (e.g. EU COREP and FINREP); lack of harmonized reporting requirements of environmental risks; lack of credit registers as tools to perform carbon stress-testing; and supervisors’ governance framework that do not internalize environmental risks (e.g. proposed revision of the Basel Core Principles of Banking Supervision). As per the stress-testing, the paper presents two examples. The paper presents a framework of analysis for the regulatory treatment of climate-related risks. The author identifies two critical elements of such framework if prudential regulation of environmental risks is to be considered: the consideration or not of climate risk as credit risk and the impact of environmental risks over probabilities of default over the entire business cycle.

No internationally accepted “official” taxonomy of high environmental risk sectors exists. This paper uses Moody’s (2015a) classification of sectors according to their environmental risk exposure. This paper’s exposures do not reflect the real risk exposure of these institutions and the banking industry as a whole because, as explained in Page 6, these values are without regard to bilateral loans and guarantees and securitizations of loans; in the case of loans to power generation companies, renewable sources are not excluding and, similarly, for the production of electric vehicles, loans are not excluded. Furthermore, this paper does not assess banks’ exposures to sovereigns subject to high environmental risks and bonds and equity issued by corporations operating in high environmental risk sectors.

Contribution to the present policy debate on how to regulate banks’ exposure to high environmental risk and how to manage the transition to a low-carbon economy.

This paper can increase awareness of the banking sector transition risks to a low-carbon economy.

This paper quantifies banks direct exposures to high environmental risk sectors using an ample definition of sectors exposed to environmental risk. The author suggests policy actions to assess the environmental risks. The author defines a regulatory framework for banks to internalize the negative externalities of environmental risks.

The purpose of writing this paper is to present a comparative but critical assessment of the applicability of the precautionary principle (PP) under the SPS Agreement, which is a part of the WTO regime by implication, and under the Cartagena Protocol, which has been made under the Convention on Biological Diversity.

The paper presents an analytical exposition of both the sets of laws, trade law and environmental law. The methodology adopted is library based. The approach is to bring about an amicable co-existence of both the laws so that they could serve the dual purpose, i.e. promotion of trade and protection of “human, animal and plant life and health” and conservation of the environment.

The DSB of the WTO should give due importance to the PP and should apply it liberally, keeping also in view the environmental aspects, so that along with free trade human, animal and plant health and life, and conservation of the environment are also protected.

It will change the present paradigm and will bring both the sets of laws together.

It focuses on the life and heath of poor people around the world. It, thus, pleads for application of strong PP.

To present the EU project DANTES (Demonstrate and Assess New Tools for Environmental Sustainability), conducted by Akzo Nobel Surface Chemistry AB, ABB, Stora Enso and Chalmers University of Technology. One of the project's goals is to assess and demonstrate tools such as life cycle assessment (LCA), environmental risk assessment (ERA) and life cycle costing (LCC).

Different strategies for eco‐efficiency evaluation based on existing tools as well as case study results are demonstrated through the project's web site (see www.dantes.info) and through several information campaigns during the project period. The paper presents an overview of environmental assessment tools and strategies for using these tools and methods.

Provides information on the use of sustainability tools and methods, indicating the problems that can be addressed by the application of the tool as well as how and who can use the tool. The results from the project were translated into strategies for eco‐efficiency evaluation based on existing tools.

Implementation of the strategies demonstrated in the project reduces costs by increasing the performance of products, processes and services, as well as the drive and awareness of companies' personnel in environmental issues. It also promotes good practices.

This paper describes the DANTES project, which is aimed at educating industries on how to use sustainability tools to address environmental problems. It offers practical help to different departments within companies.

Examines the environmental risks involved in managing and investing in commercial/industrial property in the UK. Looks at some of the questions which prudent landlords should now be asking of their tenants in order to assess these risks, and concludes that an environmental risk rating system should be developed and adopted by those responsible for managing and investing in commercial and industrial property. Quite simply according to the Royal Institution of Chartered Surveyors, 1993, “...all those involved in the appraisal of land and buildings need to include environmental factors in their considerations...” and a system which can allow this to take place should be thoroughly debated by the profession. It is also suggested that tenants who are adopting policies to regulate their environmental performance offer landlords an inherently less risky investment from an environmental perspective. The strength of the occupying tenant′s covenant should also be an integral part of any assessment of potential environmental risks which face property managers.

This chapter analyses the private financial sector's policy responses, lending practices and various forms of engagement with non-governmental organisations (NGOs), communities and institutional clients involved in controversial commodity industries. The chapter demonstrates that secrecy plays a constitutive role in this engagement. For investment banks, client-confidentiality is the ultimate limit to transparency. At the same time, NGOs campaign to make public and reveal links between investment banks and clients in commodity industries. The chapter also explores techniques within the financial sector for the assessment of social and environmental risk. The chapter argues that these techniques combine both practices of uncertainty and practices of risk. For civil society organisations, NGOs and local communities, these techniques remain problematic, and various campaigns question both the robustness of the financial sector's social risk screening methods as well as the sustainability of the investments themselves.

As environmental health scientists increasingly take up genetic/genomic modes of knowledge production and translate their work for applications in biomedicine, risk assessment, and regulation, they “bring the human in” to environmental health issues in novel ways. This paper describes the efforts of environmental health scientists to use molecular technologies to focus their research inside the human body, ascertain human genetic variations in susceptibility to adverse outcomes following environmental exposures, and identify individuals who have sustained DNA damage as a consequence of exposure to chemicals in the environment. In addition to transforming laboratory research, they see in these such practices the opportunity to advance public health, through innovations in biomedical practice and refinement of environmental health risk assessment and regulation. As environmental health scientists produce and translate these new forms of knowledge, they simultaneously assume and instantiate specific notions of the human subject and its agency, possibilities, and responsibilities vis-à-vis health and illness. Because dimensions of human subjectivity remain under-theorized in bioethics, sociological approaches to understanding and situating the human subject offer an important means of elucidating the consequences of genetics/genomics in the environmental health sciences and highlighting the social structures and processes through which they are produced.We are responsible for the world in which we live not because it is an arbitrary construction of our choosing, but because it is sedimented out of particular practices that we have a role in shaping. –Barad, 1998