Acceptable Risk Safety, Health, and Environmental Management System Terms and Definitions Glossary and Key Word List Definition: Risk that has been reduced to a level that can be tolerated by the organization having regard to its legal obligations and its own OH&S policy. acceptable risk Thesaurus of Terms Used in Microbial Risk Assessment Thesaurus Definition 1: The likelihood of suffering disease or injury that will be tolerated by an individual, group, or society. The level of risk that is determined to be acceptable may depend on a variety of issues, including scientific data, social, economic, legal, and political factors, and on the perceived benefits arising from a chemical or process. [EPA 2004] Definition 2: This is a risk management term. The acceptability of the risk depends on scientific data, social, economic, and political factors, and on the perceived benefits arising from exposure to an agent. [IPCS/OECD 2004] Acceptable Risk EPA EV-Outcomes-Risk Assessments Taxonomy Definition 1: The level of potential losses that a society or community considers acceptable given existing social, economic, political, cultural, technical and environmental conditions. Comment: In engineering terms, acceptable risk is also used to assess and define the structural and non-structural measures that are needed in order to reduce possible harm to people, property, services and systems to a chosen tolerated level, according to codes or “accepted practice” which are based on known probabilities of hazards and other factors. [United Nations International Strategy for Disaster Reduction Terminology] Definition 2: The likelihood of suffering disease or injury that will be tolerated by an individual, group, or society. The level of risk that is determined to be acceptable may depend on a variety of issues, including scientific data, social, economic, legal, and political factors, and on the perceived benefits arising from a chemical or process. [EPA 2004][Thesaurus of Terms Used in Microbial Risk Assessment] Definition 3: This is a risk management term. The acceptability of the risk depends on scientific data, social, economic, and political factors, and on the perceived benefits arising from exposure to an agent. [IPCS/OECD 2004][Thesaurus of Terms Used in Microbial Risk Assessment] Definition 4: Risk that has been reduced to a level that can be tolerated by the organization having regard to its legal obligations and its own OH&S policy.[Safety, Health, and Environmental Management System Terms and Definitions]