Investing in new or expanding existing assets is done to add significant value to a business, but ineffective management of environmental, safety and social risks can severely limit the realization of this value.
Delays and unplanned expenses stemming from interactions with external stakeholders, such as nongovernmental organizations, regulatory entities, and community groups concerned about safety, social, or environmental impacts, can be debilitating both to the financial value of an asset, as well as more broadly to the company’s reputation.
ERM helps clients keep capital projects on schedule and on budget by mitigating environmental, safety, and social risks from conception to final investment decision, through operational handover and ongoing management.
By aligning safety, environmental, social, and governance (ESG), and sustainability management risks with the broader project objectives during each stage of the project lifecycle, these risks can remain aligned with broader project objectives.
Our approach to risk management is not about ensuring a single tactical task (e.g., that a permit is issued); rather, it is about identifying risks, prioritizing them based on potential impact and likelihood, and then managing all related aspects that could derail the schedule or jeopardize the capital project. This proactive management also helps to protect and enhance corporate reputation.
We work in partnership with our clients’ development teams, engineering, procurement and construction teams, and other parties inside and outside the company to provide a focus on environment, health and safety (EHS), ESG, and broader sustainability issues that are often underestimated.