Environmental audit

{
  "id": "MLC-T-INS-003640",
  "term": "Environmental audit",
  "field": "Insurance and risk management",
  "definition": "A systematic and documented verification process to objectively obtain and evaluate evidence to determine whether an organization's environmental management system conforms to audit criteria. This assessment identifies environmental risks, compliance gaps with regulations, and potential liabilities, such as pollution cleanup costs or fines. The findings inform risk mitigation strategies and environmental insurance needs.",
  "url": "https://mlchart.com/terminology/insurance/environmental-audit/"
}