Lender Series: Why Every Lender Big and Small Needs an Environmental Risk Policy

ERIS’ Dave Colonna, Director of Lender Services, speaks with industry veteran Georgina Dannatt. Georgina shares her wealth of knowledge and experience as an environmental risk professional with lending institutions since 1994. Dave and Georgina address the basics about why all lenders need an environmental risk policy, and how to craft such a policy considering a multiplicity of factors including the organization’s risk tolerance, setting up their decision matrix, and establishing a panel of environmental consultants. Once the policy and structure is in place, how is it most effectively managed within the bank… control, internal and external communications, waivers, and regulatory compliance all factor in. Do large organizations manage risk differently compared to smaller institutions? How can organizations like the EBA (Environmental Bankers Association), RMA (Risk Management Association) and ASTM International leverage learning and best practice among environmental risk managers? From institutional considerations for policy to observations about wider industry trends, the discussion has great depth and provides thoughtful insights from an industry veteran.  

ERIS’ Dave Colonna, Director of Lender Services, speaks with industry veteran Georgina Dannatt. Georgina shares her wealth of knowledge and experience as an environmental risk professional with lending institutions since 1994. Dave and Georgina address the basics about why all lenders need an environmental risk policy, and how to craft such a policy considering a multiplicity of factors including the organization’s risk tolerance, setting up their decision matrix, and establishing a panel of environmental consultants. Once the policy and structure is in place, how is it most effectively managed within the bank… control, internal and external communications, waivers, and regulatory compliance all factor in. Do large organizations manage risk differently compared to smaller institutions? How can organizations like the EBA (Environmental Bankers Association), RMA (Risk Management Association) and ASTM International leverage learning and best practice among environmental risk managers? From institutional considerations for policy to observations about wider industry trends, the discussion has great depth and provides thoughtful insights from an industry veteran.