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The discussion above is primarily concerned with risk to humans. For other types of assets, other considerations may apply. Brief comments are given on the two most important, environment and economic risk.

Environmental RACs are based on the principles discussed earlier in this chapter. The ALARP principle is commonly applied and the precautionary principle was originally developed specifically for environmental applications. The underlying principles of the ALARP principle can be applied to environmental consequences, although the term “environment” covers an extremely wide range of vulnerable assets, from natural beauty, to individual species (being it animals, insects, fish, plants, etc.), to complete ecosystems. Comparing these and assessing the risk on a consistent level is clearly challenging.

Economic considerations are usually simple, and risk acceptance can in most cases be based solely on cost–benefit analysis. The option with the highest benefit is normally the preferred option. In some cases, consideration of worst‐case consequences may be necessary. This is because the consequences in some cases may be catastrophic, in the sense that a company goes bankrupt if certain events occur. In such circumstances, this may override a criterion based purely on costs and benefits.