To be Green or Not to be Green?

I just returned from the Environmental Bankers Association meeting in Virginia.  Once again, it was a well thought out, solid conference with great speakers and great networking.  One thing that has emerged recently is the emergence of energy/sustainability issues vs. the traditional environmental contamination/risk management topics.  It is creating a sort of conflict right now.  For instance, when does the transition officially occur within the risk management function within lenders.   This was a big topic of the open forum at the conclusion of the conference.

I would argue that it isn’t an either/or but just another issue that we as risk managers need to keep track of and make sure we are learning more about green issues while not losing track of our roots.  As a company, ORMS needs to make sure we are helping our clients with the things that are important to them.  Right now, I would argue that traditional environmental issues are still the top priority for lenders but energy and sustainability is gaining momentum.  Some of our clients care more about energy so we address these issues for them.  That is the great thing about establishing an extensive network.  It keeps your prepared to help at a moment’s notice.

Time will tell when/if an official transition occurs.  When it does (and yes I do believe it is a when), make sure you are prepared to help your clients get through it.