environmental-risk-management

Environmental Transaction Screens

PM Environmental provides Environmental Transaction Screens (ETS) as an alternative approach to Phase I Environmental Site Assessments (ESA).

ETSs are a voluntary procedure intended to identify Potential Environmental Concerns (PECs) for commercial real estate. They are meant to be a screening tool for those who wish to conduct limited environmental due diligence, and usually only recommended for low risk property types with available historical information.

An ETS is often used as an alternative to Phase I Environment Site Assessments, which are a more extensive method of environmental due diligence.

An environmental transaction screen requires a limited scope of work, which includes a site visit, review of environmental databases, completion of an environmental questionnaire by the owner or occupant and consultant doing the transaction screen, and review of historical sources. Historical use must be determined back to 1940 or first development using at least one of the following sources: Sanborn maps, city directories or aerial photographs.

PM Environmental’s Environmental Transaction Screen reports are compliant with the most current ASTM E1528 standard.

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