THE IMPACT OF ENVIRONMENTAL RISKS ON THE MANAGEMENT OF INDUSTRIAL ENTERPRISES

The study raises the actual problem of environmental pollution by industrial enterprises in the modern world. A brief historical excursion on the problem of environmental pollution by human activities is given. Environmental risks are a direct characteristic of economic activities; therefore, it is necessary to organize a system for managing these risks at the industrial enterprise. The study shows the need to implement an environmental risk strategy at the industrial enterprise. The features determining the external and internal factors for the formation of the environmental strategy of the industrial enterprise are indicated. The study presents a new classification of environmental risk factors, taking into account the nature of the impact of risk on the industrial enterprise, the level of risk occurrence and the possibility of managing it. It reveals the need to create such a risk management system that would minimize and reduce environmental damage and economic costs caused by them. The authors propose an algorithm for the development of the industrial enterprise's strategy that takes into account the impact of environmental risks on the formation of the industrial enterprise's strategy. The proposed algorithm contains five main stages: setting goals, identifying risks, assessing the level of risks, managing risks, determining efficiency. The algorithm reflects the development of the environmental strategy and management. (c) 2019 Published by Future Academy www.FutureAcademy.org.UK