Business Environmental Risk

Business Environmental Risk is characterized by the American Society for Testing and Materials (ASTM) as “a risk which can have a material environmental or environmentally-driven impact on the business associated with the current or planned use of a parcel of commercial real estate, not necessarily limited to those environmental issues required to be investigated in this practice (ESA, ASTM E1527-05). Consideration of business environmental risk issues may involve addressing one or more non-scope considerations.”

The conventional non-scope environmental business risk items alluded to include:

  • Asbestos
  • Lead Paint
  • Lead in Drinking Water
  • Radon
  • Wetlands
  • Ecological resources
  • Endangered Species
  • Cultural and historic resources
  • Regulatory compliance
  • Industrial Hygiene
  • Health and Safety
  • Indoor air quality
  • Biological agents
  • Mold

Business Environmental Risk is by definition very broad and can encompass many types of risk, not limited to the above list.

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