EIS - Environmental Impact Statements
An Environmental Impact Statement (EIS) is a document prepared to describe the effects for proposed activities on the environment. “Environment,” in this case, is defined as the natural and physical environment and the relationship of people with that environment. This means that the “environment” considered in an EIS includes land, water, air, structures, living organisms, environmental values at the site, and the social, cultural, and economic aspects. An “impact” is a change in consequence that results from an activity. Impacts can be positive or negative or both. An EIS describes impacts, as well as ways to “mitigate” impacts. To “mitigate” means to lessen or remove negative impacts.
RA - Risk Assessments
EA - Environmental Analysis
Environmental analysis is a strategic tool. It is a process to identify all the external and internal elements, which can affect the organization’s performance. The analysis entails assessing the level of threat or opportunity the factors might present. These evaluations are later translated into the decision-making process. The analysis helps align strategies with the firm’s environment.