Limit Future Liability and Satisfy Due Diligence Requirements
Evaluate the environmental risk of acquiring, leasing or divesting property.
TRC’s environmental phase 1 site assessments review current and historical information on your property and evaluate the risks of developing property for other uses. The Phase I Environmental Site Assessment (Phase 1 ESA) identifies Recognized Environmental Conditions (RECs) pursuant to ASTM standards through comprehensive evaluations of site history and current environmental reports. Through this, we can assess if the property currently or has at any point in the past posed a threat to the environment or the health and safety of the surrounding community.
Facilitate Successful Property Transactions
Environmental site assessments are often a requirement for anyone participating in a property transaction, including owners, buyers and tenants, as well as lenders and property managers. By completing this evaluation prior to purchase, stakeholders can qualify as an innocent landowner, contiguous property owner or bona fide prospective purchaser and avoid Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) liability. Many lending institutions also require environmental site assessments as part of the due diligence process.
At TRC, we have led thousands of environmental site assessments, protecting our clients from being held liable under environmental compliance regulations. Our Phase 1 ESA professionals have worked with lending institutions, real estate developers and public and private entities who demand excellence, and our due diligence has delivered. Together with our Transaction Advisory Services (TAS) team, they develop thorough and detailed assessments that limit future liability and meet innocent purchaser defense requirements.
Integrated Due Diligence Solutions for Environmental Site Assessments
TRC can provide comprehensive due diligence services:
- Preliminary Assessment Reports for New Jersey Department of Environmental Protection
- Massachusetts Licensed Site Professionals (LSPs)
- Aerial Photography, Videography, and Mapping
- Agency Consultations and Negotiations
- Conceptual Civil Engineering Services
- Preliminary or Supplemental Investigation and Remediation Costing (Short and Long Term)
- Visual Impact Assessments and Simulations
- Water Supply and Irrigation Alternative Assessments
- Permitting Strategy and Agency Consultations
- Environmental Constraints Analysis
- Funding and Grant Support
- Civil Engineering – Final Design
- Hazardous Building Materials Surveys (ACM, LBP, PCBs)
- Storage Tank Inspections
- Vapor Intrusion Assessments
- Hydrogeologic Investigations (Water Supply/Irrigation)
- Subsurface Investigations
- Indoor Air Quality Assessments
- Environmental Data Management
Related Materials
Gain insight into the industry’s challenges and opportunities by reading our research reports.
Phase I Environmental Site Assessment and Due Diligence
Phase I Environmental Site Assessment and Due Diligence Published September 16, 2020
TRC Expert Services
Published June 1, 2022
Achieve Results With TRC
Safeguard your investment with TRC’s nationwide team of environmental professionals. Contact us today for a detailed environmental site assessment that gives you peace of mind and comprehensive environmental insights.
Sharing Our Perspectives
Our practitioners share their insights and perspectives on the trends and challenges shaping the market.
Changes to EPA’s Risk Management Program (RMP) Regulations Are Coming
April 14, 2023
Changes to the Risk Management Program (RMP) regulations were signed into a final rule on February 27, 2024, by EPA Administrator Michael S. Regan.
Deadline Approaching for Utilities to Report SF₆ Emissions to EPA
March 8, 2023
The EPA regulates greenhouse gas (GHG) emissions under the Greenhouse Gas Reporting Program (GHGRP) and has recently decided to place renewed emphasis on sulfur hexafluoride (SF₆).
Routinely Evaluating the Health & Effectiveness of Integrated Systems to Manage EHS/ESG Risks – Part I
March 1, 2023
Once established, an EHS/ESG management system must be routinely evaluated to ensure it remains effective to identify and control risks, as well as accommodate and adjust for changes that occur to/within the organization.
Phase I ESA ASTM Standard Update: The Wait is Over
December 21, 2022
The USEPA published a Final Rule making the ASTM E1527-21 Phase I ESA standard AAI compliant.
Optimizing EHS/ESG Information Management and Reporting Systems by Leveraging Innovative Digital Technology Solutions
August 10, 2022
A single, integrated enterprise wide EHS/ESG IMS can significantly improve performance and communicate progress towards organizational requirements and goals.
Support an Integrated EHS/ESG Management System
June 10, 2022
While a Phase I Environmental Site Assessment (ESA) is a common method for identifying environmental liabilities during transactional due diligence, the ASTM International standard for Phase I ESAs (E1527-13, with proposed E1527-21 awaiting adoption) omits regulatory compliance from its scope. For properties containing operations that may be applicable to environmental compliance regulations, performing a limited environmental regulatory review can identify potential deficiencies with the environmental management of the facility. A limited environmental compliance review typically evaluates the presence of material findings that may exist in a facility’s management of its environmental compliance requirements. Material findings are defined as a condition of non-compliance that could necessitate expenditures, not including attorney fees or regulatory agency penalties, in excess of a specified dollar amount or materiality threshold. The materiality threshold is based on the client’s risk tolerance and is often in the range of $50,000. However, this amount is arbitrary and can be revised as appropriate. Non-material deficiencies, those identified below the materiality threshold, would still require action but are within the client’s risk tolerance.
How to Use an Integrated Approach To Manage EHS and ESG Risks
April 20, 2022
While a Phase I Environmental Site Assessment (ESA) is a common method for identifying environmental liabilities during transactional due diligence, the ASTM International standard for Phase I ESAs (E1527-13, with proposed E1527-21 awaiting adoption) omits regulatory compliance from its scope. For properties containing operations that may be applicable to environmental compliance regulations, performing a limited environmental regulatory review can identify potential deficiencies with the environmental management of the facility. A limited environmental compliance review typically evaluates the presence of material findings that may exist in a facility’s management of its environmental compliance requirements. Material findings are defined as a condition of non-compliance that could necessitate expenditures, not including attorney fees or regulatory agency penalties, in excess of a specified dollar amount or materiality threshold. The materiality threshold is based on the client’s risk tolerance and is often in the range of $50,000. However, this amount is arbitrary and can be revised as appropriate. Non-material deficiencies, those identified below the materiality threshold, would still require action but are within the client’s risk tolerance.
New Phase I ESA Standard Will Affect Environmental Due Diligence
January 25, 2022
After years of review, revisions and discussions, the new ASTM E1527 Phase I Environmental Site Assessment (Phase I ESA) standard has been published. The new standard includes updates to definitions, clarifications on processes and requirements, and guidance for emerging contaminants.
Managing EHS & ESG Risks Through Integrated Systems Today and Beyond
July 22, 2021
It has been more than 50 years since the development and establishment of the federal Environmental Protection Agency (EPA) and the federal Occupational Safety & Health Administration (OSHA) which were formed to protect our environment and workplaces across the United States. Significant laws, policies and regulations followed to establish the “regulatory programs” that all applicable businesses and entities must address and meet to ensure these compliance-driven legislative programs would create a foundation to protect our society.
Environmental Impacts of Transitioning to Renewables
May 15, 2021
The transition to renewable energy sources will have notable environmental impacts as well as economic impacts. To understand the possible implications, you’ll need some background knowledge of the ways fossil fuels affect the environment.
Interim Guidance on Destruction and Disposal of PFAS & Materials Containing PFAS
February 19, 2021
Interim Guidance from EPA identifies 6 materials that use or manufacture PFAS and approaches for disposal.
TRC Companies Inc. Acquires 1Source Safety and Health
November 11, 2020
TRC Companies (“TRC”), a leading technology-driven provider of end-to-end engineering, consulting and construction management solutions, has acquired 1Source Safety and Health, a firm that provides management consulting services in areas such as indoor air quality, asbestos management, industrial hygiene and safety management systems.
Embrace The Shift
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