As environmental awareness increases, so does the responsibility property owners have with the impact of their business on the environment. In a city like Toronto, where the rapid economic growth can have serious consequences on urban sustainability, it is essential for companies to be attentive to their impact on the planet. This makes environmental due diligence fundamental for those acquiring a new property or expanding their operations in the city.
What Is Environmental Due Diligence for My Company?
Environmental due diligence is the process of investigating and assessing environmental risks that can be associated with a property or business. This is fundamental for companies that are engaging in mergers, expansions or acquisitions, as it ensures that property owners are aware of any environmental issues related to the process. Environmental due diligence helps you understand and reduce the impact of a given transaction on the environment, which reduces liability and safeguards you from legal risks.
How Can Environmental Site Assessment Help My Business?
To ensure that you are complying with local and federal regulations regarding environmental protection, experienced consultants can provide you with a thorough environmental site assessment (ESA). This is a detailed and thorough evaluation process performed to find contamination issues and provide remediation plans if necessary.
The Three Phases of an ESA
· Phase 1 – Site Investigation
The first phase of an environmental site assessment consists of performing an investigation to get historical information of the site. This is important as, in many cases, even a site that looks clean at first may have had contamination issues in the past. Comparing current visual evidence with pictures from the past can provide you with valuable information regarding the real impact a given property has or had on the environment.
· Phase 2 – Testing and Analysis
The second phase of an ESA involves detailed testing and analysis of material from the site. This is typically done when potential environmental issues are identified in phase one. Soil and groundwater samples are tested for contaminants for a clear understanding of the magnitude of the contamination. This is fundamental to determine the ideal course of action for phase 3.
· Phase 3 – Remediation Planning
In case the soil, air or water is proven to be contaminated, a remediation plan is necessary to clean up the property. Phase 3 consists of creating a plan to tackle any contamination issue in the area so that the property is safe for future use. Examples of remediation measures include chemical treatment of contaminants, digging out the contamination and more.
Fisher Engineering Is Your Partner for Environmental Site Assessments in Toronto
When it comes to environmental due diligence, site assessment is fundamental. Ensuring that your property is complying with federal and local environmental regulations not only protects natural resources but also safeguards your business from legal implications. At Fisher Engineering Limited, we count on an experienced team of professionals who can conduct thorough ESAs for your property and provide you with the environmental engineering solution you need. Don’t hesitate to give us a call for more information regarding ESAs in Toronto.
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