environmental Strategist, between the lines: Financial business models rarely factor in “Who” a business is doing business with. Vendors and client’s can create environmental liabilities that suck in unsuspecting businesses. Lumber Liquidators, Wal-Mart & Home Depot to name a few have experienced multimillion dollar environmental losses from some of their vendors.
What we know today is every business is impacted by environmental exposures and financial business models not factoring in environmental exposures may not be worth the paper they are written on. As the chain of articles below points out, financial business models also do not factor in reputational risks associate with environmental liabilities.
Risk Management Strategy: environmental Strategist™ (eS) assist in developing and executing a business’s environmental Management Strategy (eMS). The first question eS ask in developing an eMS is “Who are you doing business with?”
For more on developing and executing a business’s environmental Management Strategy (eMS) go to www.estrategist.com. Now available for CE online for insurance professionals through ABEN.
Read More On This Issue –
Lumber Liquidators axing Chinese flooring products: http://www.usatoday.com/story/money/business/2015/05/07/lumber-liquidators-suspends-sales-of-chinese-made-flooring/70938868/
Insurers Denying Coverage For Lumber Liquidators: http://www.cnbc.com/id/102669337
Lumber Liquidators CEO resigns ‘unexpectedly’: http://usat.ly/1ShHvSR
Lumber Liquidators Troubles Deepen: http://www.reuters.com/article/2015/05/21/us-lumber-liquidate-ceo-idUSKBN0O62CG20150521
Lumber Liquidators Has More Trouble: http://www.4-traders.com/LUMBER-LIQUIDATORS-HOLDIN-66793/news/Lumber-Liquidators–has-more-troubles-20432527/
Lumber Liquidators To Halt Sales Of Chinese Laminate: http://www.cnbc.com/id/102656689