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How Recognized Environmental Conditions Slip Through The Cracks

Study for Environmental Bankers Association Risk Management Committee

I recently presented a study for the Environmental Bankers Association Risk Management Committee entitled "How Do RECs Slip Through the Cracks?" As the CEO of Partner Engineering and Science, a national due diligence and engineering consultancy, and as a registered civil engineer, I have overseen thousands of environmental due diligence assessments. There are many reasons errors and missed RECs occur, from improper due diligence, to lenders not requiring a full Phase I Environmental Site Assessment, to risk interpretation between transaction stakeholders. It is important to understand the full scope of environmental assessments based on lender need, current regulations, and risk tolerance.

To see my full talk, click on the slides below.

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