Environmental and social risk management involves:
- The systematic integration of environmental and social considerations into the operations of the companies, including clear definition of senior management oversight, staff responsibilities, and provision of staff training.
- The collection, evaluation and reporting of appropriate environmental and social information about a proposed/on-going operation, leading to a fully in formed decision on whether the environmental and social risk associated with the operation is acceptable;
- Control of environmental and social risks associated with the operation; and realisation of any potential environmental and social benefit associated with the operation.