environmental liabilities

February 17, 2022

astm due diligence


SCS’s Mike Miller explains the impact of the new ASTM E1527-21 Due Diligence Standard. Mike covers the history, CERCLA, defenses, and the changes impacting due diligence in the new Standard in this video. Watch it here. Use chapters in the timeline to jump from topic to topic at these start points:

  • 00:00 Intro
  • 03:13 Legal Background
  • 04:36 Responsible Parties
  • 05:07 CERCLA Defenses
  • 12:00 Phase I ESA
  • 14:08 Major Components of Phase I and changes based on E1527-21
  • 20:44 Simplified REC Logic
  • 23:38 PFAS is Not included, yet.
  • 23:55 Conclusion and Technical Resources


Learn more about Environmental Due Diligence and All Appropriate Inquiries, and meet Mike Miller, SCS’s National Expert. Today’s commercial real estate transactions must take environmental issues into consideration. Complex laws can impose significant environmental liabilities on purchasers, sellers, and lenders, whether or not they caused the problem, and whether or not they still own the property. Environmental Engineers can help protect you and your investment.





Posted by Diane Samuels at 11:55 am