Innovation is the key to business success but is always associated with risks. However, risk aversion can be just as damaging to future success as taking unnecessary risks. Consequently, coherent and holistic business risk management has to be a core component of any business strategy.
Historically, environmental risks have often been considered to be of secondary importance but in today’s society the environment can often provide major opportunities, whilst the effective management of residual risks can deliver directly to the bottom line.
Our team of expert consultants, with direct experience of working in government, regulatory agencies, industry and academia, can help you to identify new business opportunities, whilst alerting you to imminent and future regulatory hurdles.
We can help you to understand how your business operations could be impacted, positively or negatively, by emerging scientific research on existing substances or technologies, or by public opinion on issues such as endocrine disruption or concerns arising from the development and application of new substances and technologies such as GM or nanotechnology.
In addition we can advise on the potential consequences of emerging legislation, enabling you to achieve compliance at minimum costs and on your own investment timescale.
Learn more about our horizon scanning methodology. Alternatively, you can download our horizon scanning services brochure which contains an example of how the approach can be applied to a UK Water Company.