Environmental Site Assessments (ESAs) are increasingly critical to managing human environmental impact, safeguarding communities, and mitigating potential legal and financial liabilities. They’re crucial for the sale, reuse, or redevelopment of a property, and serve to provide a baseline understanding of its environmental condition by identifying potential or existing contaminations or issues of concern, and assessing if they pose any risks to inhabitants and employees.
The EPA’s Audit Policy encourages companies to voluntarily admit any environmental violations they may have committed. This policy offers incentives for self-disclosure including up to 100 percent reduction of gravity-based penalties and declining to recommend self-reporting entities for criminal prosecution. It’s a great way for companies to take responsibility for their actions and make things right, and be rewarded for taking the initiative to do so.
