Environmental Due Diligence (EDD) is a proactive method of managing environmental risk. It is a process that assesses actual or potential environmental conditions and risks associated with a property or business that may hinder or complicate property transactions. By identifying these risks early, investors can avoid buying a property or business where environmental issues have been neglected. It can also help companies address current environmental issues, thereby increasing the future value of their property/business.
Environmental due diligence can be carried out at the request of developers, investors or entrepreneurs who are planning to buy, refinance or take over a property/business.