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Environmental due diligence (EDD) involves analyzing the potential and existing environmental risks of a commercial or industrial property. In some places, EDD examinations are standard or even required for most commercial and industrial land and property purchases. Among other things, the findings of an environmental due diligence report can affect the availability of loans for purchase, and the purchase price of the property.
Not all land is created equal; thanks to various natural and man-made activities, land, groundwater, and even the air in an area can become dangerously polluted or contaminated over time. Long forgotten landfills can release dangerous gases, radioactive materials can contaminate soil, and industrial runoff from miles away can poison groundwater sources. If an environmental health risk exists, it can pose dangerous and even deadly threats to people unaware of the situation. In the 1980s, environmental due diligence reporting became common in the commercial world as part of the responsibility held by persons or organizations trying to sell land.
Depending on the region, specific standards may apply to an EDD inspection and report. In accordance with the applicable standards, certified inspectors may need to take soil and water samples, investigate public records, interview owners and previous workers on the land, and consult topographical maps. All findings are carefully checked and recorded, and presented to the property owner or sales company. In some cases, the owner may then take steps to reduce any environment dangers outlined in the initial report, then request a second or ongoing inspection. Since an EDD report detailing many problems can materially affect the price and financing of the property, many owners find it less expensive to comply with suggested fixes before putting the property on the market or setting a final price.
环翼环境 - 为您的可持续价值而努力
企业可持续管理服务 （Corporate Sustainability）
环境安全尽职调查 （Environmental and safety Due Diligence）
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