ENVIRONMENTAL DUE DILIGENCE INFORMATION MADE EASY Mike Chester, Regional Sales Manager, Eastern Canada B.Env.Sc., P.Ag., EP
The Value of Utilizing Big Data and Historical Information while Conducting Phase I Environmental Site Assessments (ESAs)
MANAGING ENVIRONMENTAL RISKS IN THE DUE DILIGENCE INDUSTRY Environmental risk requires careful management to ensure that the risk is properly reviewed and assessed under the right circumstances.
Phase I Environmental Site Assessment (ESA) Most stakeholders involved in real estate transactions are familiar with a Phase I ESA; a study routinely undertaken as due diligence associated with property transfer, financing or development. In Canada, Phase I ESAs are normally conducted in accordance with the Canadian Standards Association (CSA) environmental protocol. Briefly, a Phase I ESA has four components: 1) a records review; 2) a site visit; 3) interviews; and 4) an evaluation of information and reporting. A Phase I ESA does NOT include sampling or testing soil, groundwater, or building materials. Such analyses are conducted in a Phase II ESA.
Time Frame ▪ Information should be reviewed back to the first property use that may have affected the site’s environmental condition (prior to development) or to the extent that historical information allows. Search Distance ▪ CSA Guideline does NOT define any search radius for any data source. Canada uses 250m, as a standard radius, with a few exceptions. ▪ As a minimum , adjoining properties shall require a review of reasonably ascertainable records of aerial photographs, property-use records, title search and assessment rolls, and the required regulatory information.
MANDATORY RECORDS REVIEW Aerial Photographs Property-Use Records: Insurance records such as Fire Insurance Maps; Property-use Commercial Records records such as city Company records such as site directories; and Contaminated plans, permits, asbestos, site and property-use surveys…. registries, where available. continues
MANDATORY RECORDS REVIEW Regulatory Information: Permits; prosecutions, work orders, or control orders, or complaints related to environmental compliance; Title Search and and violations of environmental statutes, regulations, by-laws Assessment Rolls Geological and and approvals. Geotechnical Reports at the subject property
Helpful Tips for sourcing information for records review include: ▪ Environmental audit reports ▪ Public health notices ▪ Well logs ▪ Inventories of waste disposal sites: • PCB waste storage sites; • Coal gasification plants; • UST/AST; • Waste generator registries; • Air, surface water and groundwater data; and • Prior environmental reports.
ERIS CREATED AN EASIER WAY! A BRIEF HISTORY: ▪ In 1999, ERIS was founded to assist clients satisfy the CSA Phase I Environmental Site Assessment requirements in Canada. ▪ In 2013, ERIS expanded its services into the US market, providing coverage in all 50 states – North America coverage. ▪ In 2016, ERIS launched new product, ERIS Direct . ▪ In 2017, ERIS launched new products, Xplorer and the PSR . ▪ Also in 2017, ERIS expanded its services into the UK, Wales, Scotland and Australia market, providing for the first time – International coverage.
COAST-TO-COAST COVERAGE IN CANADA & THE UNITED STATES
ENVIRONMENTAL RISK INFORMATION SERVICES ✓ Accurate ✓ Affordable ✓ On-demand ✓ Time-saving ❖ Over 50 million property & environmental records ❖ Over 1200 databases ❖ Across North America and in the UK, Wales, Scotland and Australia
ATLANTIC CANADA DATA SOURCES (There are over 100): FEDERAL PROVINCIAL PRIVATE ▪ Compliance and ▪ Federal Convictions ▪ Automobile Wrecking & Convictions/Warnings Supplies ▪ Contaminated Sites on ▪ Fuel Storage Tank ▪ Chemical Register Federal Land ▪ Inventory of PCB Storage ▪ National PCB Inventory ▪ Anderson’s Waste Sites Disposal Sites ▪ Greenhouse Gas ▪ Abandoned Mines and ▪ Anderson’s Storage Tanks Emissions from Large Mine Openings Facilities ▪ Retail Fuel Storage Tanks ▪ Quarry Site Inventory ▪ Transport Canada Fuel ▪ Scott’s Manufacturing ▪ Waste Disposal Sites… Storage Tanks… Directory …
ERIS DATABASE REPORT INCLUDES: Cover Page Table of Contents Executive Summaries Map Aerial Detail
ERIS DATABASE REPORTS SITE REPORT STANDARD REPORT
ERIS DATABASE REPORTS NB STANDARD REPORT CUSTOM REPORT • Includes a search of federal, provincial and private source For databases for a subject site and larger, adjacent properties within a 250m irregular, radius. corridor • Plus, includes a search for Property projects… Based Environmental Information (PBEI) for the subject site at no extra charge.
IN ADDITION TO ERIS DATABASE REPORTS, WE OFFER A FULL LINE OF HISTORICAL PRODUCTS: Insurance Products City Directory Historical Aerial (Fire Insurance Plans, Searches Photographs Inspection Reports & Site Plans) continues
Continued… A FULL LINE OF HISTORICAL PRODUCTS: Current Land Titles and Topographic Maps Historical Land Titles
NEW PRODUCTS ERIS DIRECT Simply type in an individual address/company name and receive results instantly
NEW PRODUCTS PHYSICAL SETTING REPORT ERIS XPLORER (PSR) Comprehensive information that An interactive tool for overlaying and includes a complete overview of analyzing data and historical images topography and surface topology, hydrologic, geologic and soil
IT’S EASY Order through the ERIS order portal ... to receive your database report and historical products 3 Easy Steps: 1. Register/Sign In 2. Order 3. Checkout
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