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 …
Beyond the Phase I: Navigating BERs and Non-Scope RisksRead More
Understanding Business Environmental Risks (BERs): Beyond the Phase I ESA When evaluating a commercial property, environmental due diligence extends beyond contamination concerns to include Business Environmental Risks (BERs)—factors that may impact a property’s value, operations, or regulatory standing. ASTM defines BERs as risks with “material environmental or environmentally-driven impacts” on a business. Unlike Recognized Environmental …
Business Environmental Risk – Defined by ASTM as “a risk which can have a material environmental or environmentally-driven impact on the business associated with the current or planned use of a parcel of commercial real estate, not necessarily limited to those environmental issues required to be investigated in this practice (ESA, ASTM E1527-05). Consideration of …
