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Environmental - If the environment a business works in becomes polluted as the result of the activities of that business, or sometimes other events, this pollution must be cleaned for reasons of safety and welfare. This will normally involve the business either financing the remedial action or applying for the finances to do so.
Environmental mitigation refers to the process by which measures to avoid, minimise, or compensate for adverse impacts on the environment are applied. [1] In the context of planning processes like Environmental Impact Assessments, this process is often guided by applying conceptual frameworks like the "mitigation hierarchy" or "mitigation sequence". [2]
Environmental remediation is the cleanup of hazardous substances dealing with the removal, treatment and containment of pollution or contaminants from environmental media such as soil, groundwater, sediment. [1] Remediation may be required by regulations before development of land revitalization projects.
The process of identifying sustainable remediation is defined by The UK Sustainable remediation Forum [2] as “the practice of demonstrating, in terms of environmental, economic and social indicators, that the benefit of undertaking remediation is greater than its impact, and that the optimum remediation solution is selected through the use of a balanced decision-making process.”
Mitigation costs will vary according to how and when emissions are cut. Early, well-planned action will minimize the costs. [146] Globally, the benefits of keeping warming under 2 °C exceed the costs, [147] which according to The Economist are affordable. [148] Economists estimate the cost of climate change mitigation at between 1% and 2% of GDP.
It combines elements of accountancy, finance, marketing, organizational studies, human resource management, and operations. Business studies is a broad subject, [2] where the range of topics is designed to give the student a general overview of the various elements of running a business. The teaching of business studies is known as business ...
Mitigation is often used interchangeably with risk reduction, however the terms have a few key differences. Both aim to reduce the number of negative effects of hazards, but risk reduction focuses on reducing the likelihood of the event itself, while mitigation focuses on reducing the impact of the event.
Mitigation planning identifies policies and actions that can be taken over the long term to reduce risk, and in the event of a disaster occurring, minimize loss. Such policies and actions are based on a risk assessment , using the identified hazards , vulnerabilities and probabilities of occurrence and estimates of impact to calculate risks ...