A continuous risk estimation approach for corporate environmental compliance management

It is the ultimate goal of environmental compliance management to assure corporate compliance with given regulations and to prepare possibilities for ad hoc proofs of the company´s positive compliance status. The awareness of events that can cause a negative compliance status is a key factor of successful environmental compliance management. However, the issue of risk management has so far gained only little attention in the environmental compliance research community and also by practitioners. In this article an information system based risk management approach for corporate environmental compliance management is proposed. The focus is on the risk estimation method that in a final step aggregates all identified risks into a risk profile. Furthermore, through expert knowledge represented in a rule base the system is able to generate risk mitigation actions.