As we move into 2016, those of us who focus on environmental risk are tracking several trends in environmental regulation in the U.S., including:
As Chief Environmental Risk Officer, CIT Bank and CIT Group, I enjoy working with our customers to understand their industry and serve as a bridge to our financial experts, and look forward to doing so over the balance of 2016 and into the future. Using a combination of tools that may include capital improvement projects, process improvements, remediation, insurance, loan structuring, or legal guarantees, we are able to help CIT provide financing to a wide range of industries.
My mission at CIT includes:
As a member of our credit risk team, I serve as a subject area expert supporting our underwriters and credit risk officers. Whether it's an equipment lease at an industrial site or the redevelopment of a brownfield site, many of the activities we finance have an environmental component. In the United States and around the world, environmental, health, and safety laws have grown increasingly complex.
My team works to understand how environmental conditions can affect the quality of a property, the liabilities of a company, or the future outlook for products that contain hazardous materials. We work closely with our customers to understand how they are regulated and to verify permits and compliance, cleanup activities, and product stewardship programs.
People often wonder how an environmental scientist came to be working in the area of commercial finance. Coming from the field of hazardous waste management, I've spent much of my career working in an industry that is the most comprehensively regulated in the environmental arena. The transition to working in finance a decade ago was a great opportunity to dive into another regulated industry.
Martha M. Walters is the Chief Environmental Risk Officer for CIT Bank and CIT Group. She earned a bachelor's degree from Oberlin College and a Master's in Environmental Management from Yale University. She has spent nearly 30 years in the environmental field working in the U.S., Latin America, and Asia.
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