Source: https://www.constructionbusinessowner.com/, November 21, 2024
By: Darren Berg

The landscape of environmental concerns confronting business owners has evolved significantly over the decades, beginning with the concept of corporate social responsibility in the 1950s, the triple bottom line framework which includes the three P’s of sustainability (people, planet and profit) in the 1990s, and most recently, the emergence of environmental social governance (ESG). These evolving agendas can be confusing, but a fundamental truth persists: Business owners must be diligent and proactive in addressing environmental risks. Creating an environmental risk management strategy for your business starts with a two-pronged approach:

1. Training employees to identify and mitigate potential environmental pollution risks.
2. Understanding environmental liability, including the coverages you may or may not have with your business insurance. Read more.