What type of risk assessment evaluates environmental impacts?

Environmental risk assessment is specifically designed to evaluate the potential environmental impacts of an organization's activities. This type of assessment focuses on identifying and analyzing environmental hazards, assessing the likelihood of adverse effects on natural resources, ecosystems, and human health, and considering compliance with environmental regulations.

The primary goal of an environmental risk assessment is to provide an understanding of the potential consequences associated with environmental exposures, thereby enabling organizations to make informed decisions about their operations, mitigate risks, and implement strategies to protect the environment and public health. It often involves evaluating factors such as pollution, waste management, and resource use sustainability.

In contrast, operational risk assessment concentrates on risks associated with an organization’s internal processes and systems. Financial risk assessment focuses on risks that could affect a company's financial health, such as market volatility and credit risk. Strategic risk assessment evaluates the risks related to an organization's strategic goals and direction. Hence, while all these assessments are valuable, only environmental risk assessment directly addresses the evaluation of environmental impacts.