What is Environmental Due Diligence and Why Do You Need It?

When acquiring a property, it’s important to do environmental due diligence. This is the process of learning more about the conditions of the property and the surrounding environment that will lead to better risk assessments. This can be done by property owners, real estate lawyers, or land developers.

Environmental due diligence typically includes the review of the surrounding property to determine if there are sensitive habitats that need to be protected, if there are historical structures or if there are hazardous materials in and around the property that need to be removed. It’s also important to include soil and groundwater testing in environmental due diligence in BC.

Image

When you go to a company that does Environmental due diligence in BC, they will typically offer two types of services. The first one is the Traditional Environmental Due Diligence, which will include testing of hazardous substances and materials on the property. If they are found, the company will handle necessary testing, containment, and removal.

The second one is called Natural Resources Environmental Due Diligence. This will take care of the natural resources pertaining to the property such as trees, wetlands, water sources, animals, and also the historical sites.

Environmental due diligence is primarily needed for risk management. When you know what risks you are facing, especially when it comes to potentially toxic substances, you can protect yourself and the people who will use the property and eradicate liabilities. Without this, you won’t know whether you are dealing with toxic material that could put you and the people around you at risk.

There are liabilities that can be greatly avoided with the help of this due diligence such as bodily injuries, wrongful death, and property damage. You can avoid many Tort liabilities resulting to the exposure to harmful chemicals.

In addition to that, you can also avoid incurring penalties and fines and be able to avoid the costs of a contamination clean up. Basically, it saves you from a lot of trouble.

Who should get this service?

If you are acquiring a property that has been previously used for manufacturing toxic products, it is important to get this service. Remnants of toxic products and chemicals could still be in the soil and groundwater.

Also, get this service if you are putting up a big structure and using up a lot of resources in the area for production such as water. Make sure your water source is fit for consumption and manufacturing purposes.

To get the most from this service, you should find reputable companies to perform them such as Next Environmental. With their help, you will be able to learn more about potential environmental concerns and address them right away before they pose a bigger threat in the future.

Shane Aston is the author of this article. To know more about Contaminated Site Remediation in Canadaplease visit our website: nextenvironmental.com