limited environmental due diligence Articles

  • Environmental Insurance for Lenders: What is It, and Can It Substitute for Due Diligence?

     This article addresses two aspects of the new environmental insurance policies for lenders (usually referred to as Secured Creditor, or SC, policies): that of the sometimes significant differences among the policies now on the market, and the controversial due diligence issue - whether the policies can be a 'substitute' for environmental due diligence or a Phase I. The four major ...

  • Lost science: effects on environmental risk policy, litigation and due diligence

    When the work of recognised technical experts and the scientific method are abandoned, overlooked, subverted, limited, overruled or otherwise diminished in the development of scientific documents, findings and recommendations, a situation termed 'Lost Science' occurs. Lacking critical information, report findings do not reflect scientific knowledge or realities. This results in skewed ...


    By Inderscience Publishers

  • Shifting Paradigms of Environmental Management

    Introduction In the past few decades there has been an all around awareness of environmental degradation caused by industrial activities on account of green house gas emissions, stratospheric ozone depletion, acid rain and acidification, eutrophication, soil degradation, technological hazards, chemical mists and fog with potential damage to human race. Environmental considerations therefore ...

  • Environmental assessments and audits at aviation facilities

    Environmentalists are all about “green”, but there is another type of green that is associated with being environmentally compliant – money. There are primarily two types of environmental assessments that are performed at aviation facilities that can affect a company’s bottom line: Phase I/II Environmental Site Assessments (ESA) and General Facility Audits. The ESAs are also referred to as due ...


    By DES, Inc.

  • CONTROLLED RECOGNIZED ENVIRONMENTAL CONCERNS (CRECs)

    A client recently said to me; “It seems like every year environmental requirements become more stringent and costly, making more purchasers and lenders request environmental inspections before committing to the real estate transaction”. Environmental Site Assessments (ESAs) or Phase I ESAs are the industry standard for ...

  • Power Plant Asset Transactions Managing Environmental Issues

    Deregulation of the electricity industry has spawned unprecedented asset transfer activity among electric generating companies. Many companies are focusing on generation, while a large number of former generating companies are shifting their focus to concentrate on power distribution and communication initiatives. The result is a significant turnover of power plants to new owners as generating ...


    By AECOM

  • Integrated Environmental Risk Management in Real Estate Transactions

     Traditional risk management posits a rational, five-step process for managing risks. The outstanding differences between this traditional process and the environmental risk management process lie in the technicality and complexity of step one (identifying and analyzing environmental risk) and of the first part of step two (examining the feasibility of  alternative risk management, ...

  • Private equity investors should look to environmental and social sustainability

    Investors of all stripes are moving more of their money into developing countries, including the poorest and least developed countries. It makes sense. Economic growth in the developing world has outpaced that of the developed world for several years. Rising middle classes in emerging markets will likely accelerate this trend in the decades to come. So it is no surprise that private equity firms ...


    By GLOBE SERIES

  • The New Environmental Insurance Products: When Does it Make Sense to Buy Them?

     Part One Introduction Real estate transactions with environmental problems often founder on attempts to shift the liabilities from one party to the other. In transactions with other types of problems, insurance is a popular risk transfer mechanism,  and is regularly used for that purpose, but it is used far less often when there are environmental risks. This so-called ...

  • What the REC? Understanding RECs, CRECs and HRECs in a Phase I Environmental Site Assessment

    With all of the acronyms in the environmental consulting industry, reading a Phase I Environmental Site Assessment report can be a challenge.  And if the report contains the acronym REC, confusion may give way to dread. A Recognized Environmental Condition, or REC, is a ...


    By PM Environmental

  • A REC is a REC, right? Wrong!

    A Recognized Environmental Condition, or REC for short, is a term everyone involved in a commercial property transaction is familiar with. It is a potential problem area for the perspective commercial property buyer, a red flag to the lender, and often a headache for the seller and buyer both. Officially defined by ASTM International (ASTM, E-1527-05) as “the presence or likely presence of any ...

  • How long is my Phase I ESA, Transaction Screen or BEA good for?

    Duration of Reports & Validity of Environmental Due Diligence Reports In an ideal world, environmental due diligence reports would be like honey or soy sauce and last for many years.  Since shelf-life varies on reports, you need to be aware of the limitations and risks of using old or outdated information for current real estate transactions.  Below, we outline the ...


    By PM Environmental

  • CH#1123 - Pulp and Paper Processing

    Waste Type: Toxic loadings from a Canadian Pulp and Paper mill. Problem: A Canadian paper mill was having problems due to toxic loadings in an already overloaded system. Among other problems, the plant was plagued with poor settleability and high suspended solids. Treatment: Initially, BIO-SYSTEM'S product, in dry powdered form, was added on June 23rd with daily maintenance dosages thereafter. ...

  • CH#972 - Pulp and Paper Processing

    Waste Type: Toxic loadings from a Canadian Pulp and Paper mill. Problem: A Canadian paper mill was having problems due to toxic loadings in an already overloaded system. Among other problems, the plant was plagued with poor settleability and high suspended solids. Treatment: Initially, BIO-SYSTEM'S product, in dry powdered form, was added on June 23rd with daily maintenance dosages thereafter. ...

  • Responding to audit surprises

    An audit is a systematic and documented investigation to determine if prescribed processes are functioning as intended. We audit to find out whether processes are working properly, where they are not working properly, and how to address identified gaps. No matter how diligent the staff is in following procedures, there are nearly always revelations indicating needed corrections and opportunities ...


    By Trinity Consultants

  • Driving your growth and profits with brownfields

    Brownfields create economic growth while better protecting human health and the environment. Eligible Brownfield properties generally include property that has been or is being used for industrial, commercial, residential, agricultural or public purposes, is contaminated or perceived to be contaminated and/or functionally obsolete and/or blighted.Being a Michigan native, I will use Michigan as a ...

  • Did You Know? 10 Fascinating EHS Facts from Around the Globe

    Expanding your organization into a new global location with little or no understanding of the local environmental health and safety (EHS) and cultural implications of doing business there can be extremely challenging and even risky. When it comes to ensuring a successful cross-border ...


    By Antea Group - USA

  • Marine Waste Management

    The Reasons of Marine Waste Management New rules from IMO (International Maritime Organization), adopted in July 2011, imply substantial changes for all ship or rig types as early as January 2013. By applying waste management, the ship or rig owner or operator takes control of waste handling with the aim of achieving some or all of the following objectives: 1) To fulfill ...

  • Demystifying the Role of Ecosystem Services in Impact Assessments

    Ensuring that development projects benefit both people and the planet is becoming more and more of a priority. Environmental and social impact assessments (ESIA) have been in use for decades to consider the effects of projects such as dams, highways, and oil and gas development. Over the years, ESIAs have evolved to cover both ...

  • Waste management in Algeria - Case Study

    Client Overview Stidest specialises in the collection, treatment and incineration of waste. Their main groups are pharmaceutical, veterinary, medical and paramedical. This usually consists of expired drugs, waste with a risk of infection and general medical waste you would expect to find at a hospital. Stidest’s main asset was their incinerators, but the ones that they ...

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