A robust environmental risk management strategy is built on several pillars. Firstly, a clear and quantifiable understanding of the company's carbon footprint provides a baseline. Next, a formalized carbon management strategy, aligned with the company's broader objectives, is essential. Engaged and informed leadership is crucial, as their buy-in can drive organizational alignment. Understanding competitor pressures and industry benchmarks can provide context. Lastly, ensuring that there are dedicated resources, both in terms of personnel and budget, and that there's oversight over carbon mitigation plans, is key to effective execution.