Environmental Due Diligence
Environmental due diligence or environmental liability cost analysis (EDD) is the process of assessing the environmental conditions of a property in connection with a property merger or acquisition, facility relocation, property abandonment, etc. so that investors are aware of potential environmental liabilities. These due diligence studies, conducted in accordance with the American Society for Testing and Materials (ASTM) Standards and the US EPA Standards, assess the risks posed by air, soil, water, contamination and waste, as well as OHS risks. In this context, Phase I, Phase II and, where necessary, Phase III studies are conducted.
Phase I work aims to identify risk areas through an audit of the property's history, documentation and site.
Phase II study examines the presence of chemical contamination by sampling at critical points and analyzing the samples.
Phase III studies, on the other hand, are comprehensive studies that include the determination of the extent of pollution and the planning of remediation activities in the field if pollution is detected as a result of Phase II studies.
