ENVIRONMENTAL DUE DILIGENCE

An environmental due diligence is a procedure used to identify and assess environmental risks at a site. There are numerous types of environmental due diligence methods that may be conducted on a given site. These include Property Transaction, Compliance, and Facility (Management Systems) Audits.


Environmental Site Assessment Phase 1

    ◉ A Phase 1 ESA is a report that summarizes a site visit and records review of a property and its surrounding area to determine if any additional environmental investigation is warranted to understand the liability risks associated with the identified property.

    ◉ The purpose of a Phase 1 Environmental Site Assessment is to use a consistent systematic approach to identify any existing or potential environmental conditions that may be present or affect a real estate property.

Environmental Site Assessment Phase 2

The objective of a Phase II Environmental Site Assessment (ESA) is to define the nature and extent of any environmental impacts at a site identified in the phase one ESA or transaction screen process. To develop sufficient information from which the environmental professional reasonably can render a professional opinion, that with respect to recognized environmental conditions Assessed hazardous substances have not been disposed or released at the property, thereby satisfying the innocent purchaser defense under the legislation as those to recognized environmental conditions.



Environmental Site Assessment Phase 3

Remedial Investigation and/or Opinion of Remediation Cost Estimates – builds on the documentation created in Phase II and seeks to determine the extent and severity of an identified contamination problem. Typically phase III activities include-Evaluating prior EDDA reports to develop a site characterization – sampling strategy-Performing more extensive sampling to assess the fullest extent of contamination-Evaluating the contamination risk in relation to future land use- Evaluating the technological viability and cost of cleanup alternatives-Developing the phase III report.

ISO 14001:2015



    ◉ ISO 14000 is a family of standards related to environmental management that exists to help organizations (a) minimize how their operations (processes etc.) negatively affect the environment (i.e. cause adverse changes to air, water, or land); (b) comply with applicable laws, regulations, and other environmentally oriented requirements, and (c) continually improve in the above.

    ◉ The requirements of ISO 14001 are an integral part of the European Union‘s Eco-Management and Audit Scheme (EMAS). EMAS‘s structure and material requirements are more demanding, foremost concerning performance improvement, legal compliance and reporting duties.

GHG ACCOUNTING (ISO 14064)

    ◉ Green Resources helps clients establish a process, build organizational capacity to measure, analyze and monitor their GHG emissions that help organizations build climate change mitigation strategy. The analysis typical includes life cycle energy use and greenhouse gas emissions of product and services.

    ◉ Green Resources uses applicable international standards (including ISO 14040 series , PAS 2050 and other standards in development like WRI product carbon footprint standards) for life cycle GHG assessment (LCA). Green Resources also helps companies create GHG management plans to reduce emissions. Clients have started opting for Carbon Neutrality based on GHG protocol and PAS 2060 guidelines.

ISO 50001

    ◉ ISO 50001:2011 specifies requirements for establishing, implementing, maintaining and improving an energy management system, whose purpose is to enable an organization to follow a systematic approach in achieving continual improvement of energy performance, including energy efficiency, energy use and consumption.

    ◉ ISO 50001:2011 specifies requirements applicable to energy use and consumption, including measurement, documentation and reporting, design and procurement practices for equipment, systems, processes and personnel that contribute to energy performance.

    ◉ ISO 50001:2011 applies to all variables affecting energy performance that can be monitored and influenced by the organization. ISO 50001:2011 does not prescribe specific performance criteria with respect to energy.

Comments are closed.