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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