Environmental risks pertain to the potential for damage of the environment and ecosystem. The principal sources of such potential damage are pollution of the air, water and land resulting from industrial activity. Environmental risks are largely a function of the nature (i.e., sector) of the business activity. Social risks pertain to the potential of business activities to cause an adverse impact such as damage, injury or loss to persons (e.g., employees, customers) and communities (e.g., neighbors).
The course is designed to provide participants an understanding of the basic concepts of Risk Management. Its aim is also to explain the Framework of Risk Management and its importance in the Bank, as well as its implications everyday banking thereby facilitating the understanding and effective implementation of Risk Management practices.