The document discusses environmental risk assessment and management. It defines key terms like risk, environmental risk assessment, and risk characterization. It outlines the steps in risk assessment as hazard identification, dose-response assessment, exposure assessment, and risk characterization. It also discusses grading of risk from low to high. The steps in risk management are identified as risk assessment, technological feasibility assessment, economic impact analysis, consideration of public concerns and legal requirements, decision making, implementation, monitoring and evaluation, and review. Risk management aims to prevent adverse effects on human health and ecological systems.