surrounding environment; ambient surroundings; one's surroundings
Refers to the physical or situational environment around a person, place, or thing. Often used in contexts like urban planning, ecology, or describing a location's atmosphere.
The surrounding environment of this area is very quiet.
We will investigate the impact of the new factory on the surrounding environment.
環境 is a broader term for 'environment' in general, while 周辺環境 specifically emphasizes the immediate surroundings or ambient conditions of a particular place.
Compound of 周辺 (shūhen, 'periphery, surroundings') and 環境 (kankyō, 'environment'). The combination is straightforward and modern.