What I have done in the past is to avoid using ethylene glycol. Instead, I use propylene glycol - which is rated as "food grade", used in food processing equipment. Propylene glycol, if you check it out, is not toxic at all and is allowed for use here in the USA by the FDA (Food and Drug Administration). That takes care of the need for a bund wall.
One curious note here: why is ethylene glycol allowed for use in automobile radiators - worldwide? People are draining ethylene glycol solution to the public sewers everyday around the world when they flush and change their automobile coolant. Does this mean that they are poisoning the sewer system? What about the environment? What manufacturer's MSDS did you read your warning in?