Environmental Due Diligence
Environmental due diligence should be considered as an essential consideration of any potential property transaction. The identification and quantification of any environmental liabilities associated with any asset at the pre-acquisition phase can have significant impacts on the final transaction.
Environmental Due Diligence is undertaken to identify actual or potential environmental liabilities associated with the historical use of the asset which can have a significant impact on the final value of the asset.
Due Diligence process: Phase 1 - The Due Diligence process comprises a Phase 1 Site Assessments which is carried out generally in accordance with internationally recognised standards (ASTM E 1527-00 and ASTM E 1528-00 etc.) which can be adapted to meet country specific regulations. Phase 1 entails a desk-based review of various records to develop an understanding of the site history, establish background environmental conditions as well as planning and regulatory compliance or issues. The Phase 1 assessment also includes a site inspection, which includes, where applicable an assessment of the current and past environmental management and performance of the site.
Due Diligence process: Phase 2 - Based on the findings of the Phase I assessment there may be a follow on, Phase II, investigation to confirm and quantify any issues highlighted in the Phase 1. This can include intrusive investigations to facilitate soil, water or ground gas sampling and monitoring to establish the nature and extent of any environmental impact associated with the site.
The Phase 2 assessment is designed to allow the potential purchaser to quantify the remediation costs of any identified environmental liabilities prior to the closure of the transaction.
The correct classification of waste generated at both greenfield and brownfield development sites is essential due to the potential impact on the final project costs. GII offer full waste classification services compliant with current legislation and in line with WM3 guidance using HazWasteOnLine. GII staff are trained and accredited by OneTouch Data the suppliers of the HazWasteOnLine software.
GII offer advice at the design phase and the construction phase in relation to the classification of all waste materials generated to facilitate the most economically efficient and environmentally compliant disposal or recovery of material generated during development.
GII offer a full range of environmental monitoring and sampling services including soil, groundwater, surface water, dust and gas sampling. GII also provide interpretive reports based on the data collected during the monitoring process.