Causal relationship between environmental aspect and environmental risk

Abstract

This study aims to determine the causal relationship between environmental aspects and environmental risks, and to develop a risk management model for various hazard consequences. The research utilizes a general project life cycle model based on ISO 21500, adapted to identify cause-and-effect relationships between environmental aspects and hazards. The relationship is defined as the critical accumulation of an organization’s activities impacting the environment, which can trigger dangerous events under certain conditions. An algorithm for managing risks related to air, water, and soil pollution, stemming from this cause-and-effect relationship, is developed. The Bhopal tragedy is analyzed to illustrate the environmental consequences and economic losses from pollution. The study’s originality lies in defining the interrelationship between environmental aspects, sources of danger, and adverse environmental events. Its practical value is in the development of a risk management algorithm to address hazards leading to pollution-related losses.