Environmental Due Diligence For Investors and Insurers
EMS provide a comprehensive environmental audit service of target businesses as part of legal and commercial due diligence. This service provides insurers, solicitors, intermediaries and investment managers with an in-depth, independent review to determine environmental legal compliance, identify barriers to growth and environmental clean-up liabilities.
The Risks of Neglecting Environmental Due Diligence
Legislation aimed at protecting the environment from the negative effects of commercial activity is ever increasing and often poorly understood. Any business can find itself exposed to environmental liability either due to on-going operations or resulting from activities that have taken place over the years. Non-compliance increases the cost and risk of doing business:
- Businesses are commonly unaware that they are operating illegally
- Businesses may have hidden limits to their current or future capacity
- Historical aspects can mean large remedial bills down the line
The Environmental Damage (Prevention and Remediation) Regulations 2009 enforces the 'polluter pays principle'. If companies cause damage to the environment they will be responsible for the clean up costs which tend to be more costly than the initial prosecution.
Adding Value for Investors and Insurers
The EMS Environmental Due Diligence package focuses on environmental legal compliance as part of an investor's legal and commercial due diligence or for insurance brokers who need to determine correct insurance cover. The service identifies and provides a detailed compliance analysis of those pieces of legislation applicable to the business in question. There is a focus on the cost of remedial action where non-conformities are found and the ongoing costs of maintaining compliance.
The Key Benefits of the Audit Are:
- Assesses legal compliance
- Reduces the risk and helps insurance companies provide appropriate cover
- Identifies barriers to growth
- Determines clean up liabilities and costs
- Adds value at the point of investment, mergers and acquisitions
Why Work with EMS?
Based on experience and extensive knowledge within the environmental arena, EMS can review legal obligations in the context of different industry sectors, business improvement and growth. EMS continues to carry out environmental audits helping clients maintain compliance, preventing prosecution, improving environmental credentials and saving money.
To see how our Environmental Due Diligence package can benefit you, contact Rebecca Chapman on 0114 272 2270 or email rchapman@em-solutions.co.uk
If you would like to receive our presentations on Environmental Due Diligence please follow this link http://www.em-solutions.co.uk/enquiry_form