Environmental liabilities, such as land contamination, can devalue a property and potentially cause human health and environmental impacts. Environmental due diligence is the evaluation of such environmental liabilities associated with a site or facility. Environmental due diligence audits are a crucial element of land or company acquisitions given that new investors may be liable for site remediation.
Environmental due diligence audits will help establish investors’ confidence and aid in accurate property valuation, which takes into account associated environmental liabilities. If environmental liabilities are identified, environmental due diligence audits can determine the extent of the contamination, and appropriate site remediation measures.