Environmental Risk Communications, Inc. (ERCI) is a consulting firm specializing in servicing clients with complex environmental restoration and remediation projects. We support clients in developing strategic plans and financial solutions to determine optimal management alternatives for both individual sites and portfolios with environmental liabilities. We assist clients in the public and private sector with strategy selection for environmental remediation projects, brownfield economics, and estimation and documentation of environmental reserves. Our clients include those in the chemical, petroleum, and manufacturing industries, together with government entities such as port authorities and airports. To compliment our strategy consulting services, we offer proprietary Sarbanes-Oxley compliant software applications for creating detailed financial analyses and documentation of environmental liabilities. The software suite leverages Monte Carlo simulation, discounted cash flow analysis

About Us

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Environmental Risk Communications, Inc. (ERCI) is an expert and industry-leading consultancy in the area of environmental liabilities management. The company was founded in 1994 and specializes in the management of and accounting for complex environmental restoration and remediation projects. We offer our proprietary Sarbanes-Oxley compliant software applications for creating detailed financial analyses and comprehensive documentation of environmental liabilities. The software suite utilizes Monte Carlo simulation, discounted cash flow analysis, and decision and sensitivity analysis to provide probabilistic cost-estimating and reserve forecasting. ERCI's suite of applications enables environmental project managers to reach strategic decisions (e.g., select fastest technology, lease out property during cleanup, use risk-based corrective action cleanup standards) that reflect the current understanding of project risks and objectives.

To complement our software solutions, we support our clients with consulting services in which we help develop site-specific strategic cleanup plans, including financial analysis, to determine the optimal management alternatives for both individual sites and portfolios of environmental liabilities. We assist clients in both the public and private sectors with strategy selection for environmental remediation projects, including brownfield redevelopment, and with the estimation and documentation of environmental reserves. Our clients include companies in the chemical, petroleum, and heavy manufacturing industries, as well as government entities such as port authorities and airports. The combination of our experience, proprietary software tools, and skill sets results in our ability to effectively accomplish our corporate mission:

'To help our clients efficiently and effectively manage their environmental liabilities while balancing business & accounting requirements with environmental stewardship interests'

ERCI's team of professionals includes financial analysts, accountants, and engineers / scientists with advanced degrees and extensive project experience related to assessment and management of environmental reserves, liabilities, and related risks.

Key Benefits

  • Compliance with US GAAP and related environmental accounting regulation
  • Consistent approach for the accurate assessment & calculation of environmental liabilities / environmental reserves/ pollution remediation obligations (PRO)
  • Expert guidance in best practices for environmental reserve policies/procedures
  • Formation of a defensible, auditable and reproducible process for organizations to estimate, display, and disclose their environmental remediation liabilities resulting in reduced audit time
  • Comprehensive repository for site-specific information, assumptions, and calculations
  • Standardized practices to ensure consistency, comparability, and efficiency of projects
  • Formulation of a 'watch list' of potential future liabilities

FEATURED SERVICES

Contaminated Sediments

Contaminated sediments, whether in freshwater or marine systems, pose a significant environmental challenge within the United States and around the world. Cost estimating for sediment-related cleanup projects is a persistent challenge for financial professionals and planners charged with estimating these types of cleanup efforts because estimating the true costs of such projects is tremendously difficult and ...

Site Strategic Planning

For the same reason that business plans are integral to business success, planning strategies for specific, high priority sites is critical to minimizing the costs relating to that site and to determining the end result once cleanup has been completed. ERCI strongly encourages and works collaboratively with our clients to develop Site Strategic Plans (SSPs) for these specific, high value or high priority project sites. ...

FEATURED SOFTWARE

Remedy Defender

Remedy Defender is designed to enable the efficient and accurate pricing and management of environmental liabilities. It allows for probabilistic cost estimating, reserve forecasting, decision analysis, and peer review on single sites as well as subportfolios of sites.

Portfolio Defender

Portfolio Defender aggregates the data from Remedy Defender files in order to provide a comprehensive and all-inclusive, 'rolled-up' view of environmental liabilities. This includes customized reports used to manage an entire portfolio of sites, as well as optional workflow documentation and business planning calendars. Furthermore, we provide quarterly archiving and assurance reviews to preserve the audit trail ...

INDUSTRIES SERVED

Company details

Business Type:
Services - Legal & Financial

Industry Type:
Environmental

Market Focus:
Nationally (across the country)

Year Founded:
1994

Employees:
11-100

Turnover:
1,000,000 - 10,000,000 €

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