More and more companies are aware of the environmental problems that their activity can cause. Accidents happen and that’s why insurance exists.
What is Environmental Liability?
It is a set of attitudes (individual or business) that have something to do with the economic growth to protect the environment today and for future generations, guaranteeing sustainability.
Community – Directive 2004/35 / EC, of April 21, 2004
Regarding environmental liability in terms of preventing and remedying environmental damage
Nacional – Decree-Law no. 147/2008, of 29 July
Transposes Directive 2004/35 / EC of the European Parliament and of the Council into national law
“Polluter Pays” Principle;
The idea that the environment is a collective good, that it belongs to everyone and that it needs protection (administrative liability);
Reimbursement not only for damages (assumption of Liability) but also for the imminent threats of such damages (Art. 2, paragraph 1 of Decree-Law 147/2008);
Only after 30 years the damages caused by any emissions, events or incidents are prescribed;
The Directive considers three types of environmental damage: Damage caused to protected species and natural habitats:
- Water damage
- Damage to the soil
The Directive considers two aspects of damage to the environment:
Today there are already solutions for companies. Some higher risk activities have several good alternatives in the market:
- Metallurgy and metalworking
- Textiles and clothing
- Plastics and rubber
- Drinks and food
- Comprehensive management of all types of waste
- Ports, logistics centers, airports, transport terminals (passengers and goods)
- Agricultural sectors, livestock, wineries and food sector