Environmental Due Diligence

Environmental Due Diligence is a broad process aimed at evaluating potential environmental hazards, liabilities, and regulatory compliance issues associated with a business, property, or transaction. By comprehending and identifying potential environmental consequences, businesses can make well-informed decisions and mitigate their exposure to risks.

DGE Finland’s Environmental Due Diligence services cover a wide range of components, including site assessments (ESAs or Environmental Site Assessments), records reviews, stakeholder interviews, and site visits. A methodical approach guarantees a meticulous evaluation of the current and historical usage of a property, known impacts or potential liabilities, and ongoing or planned activities that could impact the environment. An Environmental Due Diligence process typically comprises the following steps.

1. Reviewing Findings and Documentation: We scrutinize pertinent information about the subject property or area, including previous due diligence reports, decisions from relevant authorities, soil and groundwater studies, and various databases. This initial research establishes a solid foundation for a comprehensive understanding of the site’s environmental history.
2. Site Visits and Stakeholder Interviews: Our team conducts on-site or off-site visits and interviews with relevant authorities and representatives to collect vital information about the property. During site visits, we reassess the findings and evaluations from the preliminary research phase to ensure accuracy and comprehensiveness.
3. Risk Evaluation: We appraise the severity and probability of risks to human health, the environment, and business operations. This evaluation assists clients in understanding potential vulnerabilities and guides the development of risk mitigation strategies.
4. Cost Assessment: Our experts examine the costs associated with potential risks and remediation requirements. This analysis empowers clients to make informed decisions about investments, acquisitions, and project development.
5. Health and Safety Assessment (if included in the scope): If a client chooses a health and safety assessment, we investigate potential risks to employees and customers resulting from the company’s operations or management structure. This assessment enables organizations to maintain a secure and healthy work environment while adhering to applicable regulations.
6. Regulatory Compliance Assessment: We evaluate the property or business against existing environmental regulations and requirements to ensure full compliance. This step helps our clients avoid potential fines, penalties, or legal issues.
7. Remediation Strategies and Recommendations: Based on our findings, we provide actionable recommendations for addressing identified environmental concerns and mitigating potential risks. We also offer guidance on remediation strategies to ensure that clients take appropriate measures to protect the environment and their investments.