This paper defines environmental audit, environmental insurance, environmental risk, acoustic risks, and environmental assessment. Also, the paper analyses the regulatory framework for the aforementioned governance mechanisms and characterizes the current state of the environmental audit, insurance, and assessment in Russia and other countries. Legal regulation of acoustic and other environmental risks is analyzed. The form and matter of the environmental audit, insurance, and assessment are characterized. Finally, the paper highlights the problems and prospects of the statutory regulation of these mechanisms in Russia.