What is the function of an environmental risk assessment?

The function of an environmental risk assessment is to assess the likelihood and consequences of adverse environmental effects. This process is critical for identifying potential hazards that could impact the environment due to various activities, projects, or changes in policy. By systematically examining the risks associated with environmental impacts, decision-makers can prioritize actions, mitigate potential harm, and develop strategies to prevent adverse effects on ecosystems and public health.

This assessment informs stakeholders about the nature and scale of risks involved, enabling them to make informed decisions regarding environmental management and protection. It involves analyzing data, forecasting potential scenarios, and understanding the interactions between proposed activities and environmental factors, ultimately leading to better regulatory compliance and sustainable practices.

The other choices emphasize aspects that, while important in their own contexts, do not specifically address the core purpose of environmental risk assessment. Economic feasibility and market trends relate more to business strategies than to evaluating risks to the environment, while outlining corporate social responsibility pertains to broader ethical business practices rather than the focused analysis of environmental risks.