Environmental due diligence within multinational corporations
- Competitive Environment, Inc., Scottsdale, AZ (United States)
Superfund and other state and federal regulations that emerged during the 80`s dramatically changed the way corporations managed property transactions. At the beginning of that decade there were very few engineers experienced in environmental due diligence. Over the past 15 years a sophisticated consulting industry has emerged to support companies in their effort to minimize liabilities associated with contaminated property. There is now a wealth of published literature on environmental due diligence, including generally accepted standards for investigating property contamination from organizations such as ASTM. This paper examines the current state of environmental due diligence among multinationals. It presents the underlying reasons for the current ad hoc nature of due diligence investigations and what companies can do to improve their policies and communication networks. A summary is given of the best practices used by industry leaders to minimize liabilities.
- OSTI ID:
- 500808
- Report Number(s):
- CONF-9705100-; TRN: IM9732%%36
- Resource Relation:
- Conference: 22. annual conference of the National Association of Environmental Professionals, Orlando, FL (United States), 19-23 May 1997; Other Information: PBD: 1997; Related Information: Is Part Of Proceedings of the 22. annual conference of the National Association of Environmental Professionals; Daugherty, J.R. [ed.] [NOAA/NSSL, Boulder, CO (United States)]; PB: 1118 p.
- Country of Publication:
- United States
- Language:
- English
Similar Records
New standard exceeds expectations
Recognizing environmental risks in oil and gas property acquisitions