Written by Darci Cummings, L.P.G., EnviroForensics
There are many situations that may merit environmental due diligence considerations. Whether you’re considering purchasing, selling, or re-financing a property; expanding or renovating an existing facility; or just ensuring that your facility is compliant with the myriad of current environmental, health and safety regulations, it is vital that you understand all of the environmental and financial risks involved.
When considering environmental due diligence, it is often thought that a Phase I Environmental Site Assessment (ESA) is sufficient to discover environmental liabilities during a property transaction. While a Phase I ESA may be sufficient to satisfy a lender or other interested party, environmental due diligence needs can be much more complex and cover a wide variety of potential environmental liabilities that may not be discovered during a Phase I ESA. EnviroForensics will work with you to develop the appropriate scope of services to help you understand and consider the financial implications of all types of environmental risk, not just CERCLA (superfund) liability, which is the general objective of a Phase I ESA. EnviroForensics can assess, manage, mitigate, or remediate those environmental risks to ensure that your transaction is a success.
