Ecosolution

Environmental Due Diligence (EDD) is the collection and assessment of data relative to environmental conditions or impacts prior to a transaction to identify and quantify environment-related financial, legal, and reputational risks.
Originally, lenders or investors used EDD to manage environmental risks and liabilities stemming from an investment decision. Recently, it has become a way for financial institutions to incorporate environmental and social considerations in their investment review process.
EDD has become largely standardised for many sectors, but not for all. There is a growing realisation in energy and environmental policy and research circles that procedures for environmental due diligence of New Energy EfficientTechnologies (RETs) are  poorly defined and financiers must often adopt ad hoc procedures for environmental review. Although most new energy technologies are environmentally sound in theory, all of them can have negative impacts on the environment if poorly planned.

The process consists of three stages

1. Establishing the regulatory framework
2. Environmental appraisal
3. Monitoring the project after approval

1. The first stage of the procedure is establishing the relevant regulatory framework for the project, including national regulations, international standards, and good practice guidelines. The environmental laws provide the background for determining the main issues that should be considered during the environmental appraisal process. Environmental regulations, standards, and guidelines provide practical information concerning emission limits, permitting requirements, pollution abatement and control techniques and equipment, best management and operational practices, etc., against which the investment proposal should be benchmarked. Two timeframes must be considered for this process: first, that of existing laws and regulations that currently affect the project, and second, that of anticipated laws and regulations (e.g. in process of development, discussion, or approval) that may change the
conditions under which the project must operate.

2. The second stage is the core of the entire process. It comprises four main steps: a) assessing
the environmental risk; b) determining mitigation measures; c) estimating the cost of risk
management; and d) reporting the results.
To facilitate the first two steps of this stage, a number of new EDD tools are proposed. These
tools are intended to complement, not replace, any EDD tools currently used for environmental review procedures. In addition, it is important to note that since these tools are intended for general use, they may not reflect all the possible environmental and/or socialissues related to a particular investment. The analyst should incorporate additional issues as needed.

 3. The third stage is the monitoring and environmental evaluation of the project. This
procedure serves two main purposes: a) to ensure that the project sponsor complies with the
applicable environmental standards and various environmental components of operations
included in legal agreements; b) to keep track of ongoing environmental impacts associated
with project operations and of the effectiveness of any mitigation measures.

• Environmental Site Assessment
• Characterization Study
• Inventory of recognized environmental, health and safety conditions
• Exterior and interior inspection of properties
• Interviews with owners, occupants and government officials
• Physical sampling and laboratory analysis
• Exploratory soil and groundwater investigation
  

• financial institutions (investment funds, banks, etc)
• Public administration
• companies eneregetyczne
• companies operating in the fuel industry and mining
• companies in the chemical industry
• construction companies
• utilities