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Extended scope of environmental due diligence investigations for company or real estate transactions

An environmental due diligence for a company transaction typically includes reviewing the environmentally relevant aspects of a company’s operations, focusing on the risks of substrate contamination, as well as a review of the legal environmental requirements, with the aim of identifying any associated costs risks.

Depending on the type of company that is for sale and the long-term goals of prospective buyers, it may be recommended to define a more comprehensive scope for the environmental due diligence:

  • Integration of an occupational health and safety review; these aspects are of importance, both from a point of view of compliance and with regard to potential cost risks.
  • Implementation of a comprehensive review of the company’s responsibilities (Corporate and Social Responsibility CSR). This includes a review of aspects such as corporate governance and business ethics; reputation and relations with interest groups; innovation, research and development; environment, health and safety; social standards and the staff dimension; product responsibility and delivery chain; national and international regulatory developments.

In the case of property transactions, the typical aspects of contaminated sites and building pollutants as well as measures taken to reinforce buildings according to the SIA 269/8 maintenance standards may have relevant cost implications. It should be mentioned in this context that in the new version of SIA Standard 261 (August 2020), the standard earthquake recommendations for certain regions and subsoil categories have increased.

We look forward to advising you on the most suitable environmental due diligence scope for a company or property transaction, and to implementing it.

 

Your contact person:

Daniel Aegeter

Partner, Departmental Manager for Environmental Due Diligence and Compliance