Beyond the Phase I: Navigating BERs and Non-Scope Risks

When evaluating a commercial property, environmental due diligence should extend beyond contamination concerns to include Business Environmental Risks (BERs) – factors that can affect a property’s value, operations, financing, or regulatory standing. ASTM describes BERs as risks with material environmental or environmentally driven impacts on a business associated with the current or planned use of …

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EPA Amends “All Appropriate Inquiries” Standard with ASTM E1527-21 for Phase I Environmental Site Assessments

Effective February 13, 2023, a new rule issued by the US Environmental Protection Agency (EPA) goes into effect that amends the All Appropriate Inquiries Rule (AAI rule 40 CFR Part 312) to reference ASTM International’s E1527-21 “Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process.”  The rule establishes a 1-year sunset period …

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