The management of health, safety, and environmental (HSE) aspects during production, manipulation, storage, incorporation, and disposal of carbon nanomaterials is the key factor for the development of a safe-by-design work based on nanotechnology. The almost endless possibility of functionalization, chemical interaction, and addition of nanomaterials into new products implies a new management approach of HSE. Low amount of reliable toxicity and ecotoxicity data of nanomaterials and nanomaterial composites is available. As complete exposure/ release assessments are a challenging task, recommendation for control measurements is still based on the precautionary point of view. There is an incomplete understanding of environmental fate-and time-related exposure, and of consumer-and worker-related risks and hazards. Control banding and risk evaluation matrix tools can be used to mitigate labor and environment impacts of carbon nanomaterials. This chapter presents new tools and methodologies for exposure assessment and risk evaluation of hazards used on HSE management system of carbon nanomaterials.