What is Environmental Due Diligence?
This is a comprehensive appraisal of a business or piece of land undertaken by a prospective buyer. It is an investigation that a business or persons should undertake to establish assets and liabilities and evaluate its commercial potential. It encompasses all spheres of life but has become particularly pertinent when applying to land purchases. As more businesses understand the term sustainability, this is especially relevant when making commercial real estate investments as professionals are demanding transparency and assurance that purchases are environmentally sustainable.