Since 1985, the number of company transactions has risen twentyfold. At the same time, the effort of negotiations before a transaction have also risen considerably. The process of investigating all facts, conditions, rules, laws, regulations, financial considerations, or any other such matters that would affect one's decision to purchase property is called due diligence assessment.
Although an environmental due diligence assessment (EDDA) is not legally required, anyone who acquires a company or a property from which environmental risks arise can also be made liable for this. Strict compliance guidelines and the more deliberate handling of money and assets do their utmost to ensure that the EDDA is becoming more and more important.
It is important to consider not only the actual situation but also to check whether the transaction corresponds to future laws and regulations.
- Environmental Liability Directive (2004/35/EC)
- ASTM 1527: Standard Practice for Environmental Site Assessment Process: Phase I Environmental Site Assessment Process
- ASTM 1528: Standard Practice for Limited Environmental Due Diligence: Transaction Screen Process
- ASTM 1903: Standard Practice for Environmental Site Assessments: Phase II Environmental Site Assessment Process
- ASTM E2107: Standard Practice for Environmental Regulatory Compliance Audits
- ASTM E2365: Standard Guide for Environmental Compliance Performance Assessment
You can rely on CDM Smith as a competent partner through all EDD phases.