Environmental Due Diligence (EDD) assessment, also known as Phase 1 Environmental Site Assessment (Phase 1 ESA), is a critical part of the risk and liability management process associated with any sensitive business transaction such as mergers, divestitures and acquisitions. The primary objective of a Phase 1 ESA is to identify whether there are any potential soil and groundwater contamination liabilities associated with the property/properties under assessment. The process typically involves a detailed site and environs reconnaissance, interviews with key informants (Key Site Manager) and desk study to determine the landuse history and the physical and natural environmental setting in the subject property area.
It is commonplace for clients engaged in business transaction due diligence to also instruct Non-ASTM scope studies to supplement the Phase 1 ESA process in order to provide a better overall picture of the compliance status and natural hazard risks associated with a particular acquisition. Typical examples of non-ASTM scope bolt on studies include Environmental, Health and Safety (EHS) Compliance Audits, Flood Risk Assessments and Environmental Impact Assessment (EIA) Screening studies.
The primary objectives of a Phase 1 ESA/EDD study is to assess the environmental sensitivity of the subject property area, develop a preliminary conceptual site model (CSM) which illustrates any potential risks to environmental and or human receptors and to determine whether there are any Recognised Environmental Conditions (RECs) associated with the target property.
As a multi-award winning environmental due diligence advisor, SLP Environmental has a proven track record providing environmental due diligence assessment services across the ASEAN region for a diverse client base across a range of sectors including; aerospace, agri-business, automotive, chemicals, commodities, electronics, development agencies, energy, heavy industry, manufacturing, oil and gas, real estate, renewables, telecoms and textiles. SLP Environmental is uniquely placed in the ASEAN market to deliver environmental due diligence assessment services as we combine internationally acquired expertise with an in-depth understanding of the regions regulatory frameworks. Our assessments throughout all stages of the environmental due diligence assessment process address compliance with host country regulatory standards as well as international best practice such as ISO 14015:2001 and ASTM E1527-13.
We excel at mobilising quickly, providing fast turnaround advice to clients, and our advice is always commercially focused and clearly communicated. We understand the particular constraints and challenges that can arise during the mergers, acquisitions and divestiture process and our reports are carefully tailored in scope and detail to the property under assessment, the nature and stage of the transaction and the specific requirements of the client. We are thus able to provide clients with the information and professional insights they need to manage uncertainties and inform transaction decisions.