Due Diligence Review
The ecological section of an Environmental Due Diligence (EDD) review is the collection and assessment of data relating to conditions or impacts on any potential ecological features on site prior to a development. This will highlight and quantify any ecological related financial, legal and reputation risks. OpenSpace undertake the ecology section of environmental due diligence reviews so our clients can make informed decisions.
There are generally three stages to an ecology section of an EDD:
- The first stage of the procedure is establishing the relevant regulatory framework for the project, including national regulations, international standards and good practice guidelines.
- The second stage is the main stage of the entire process, which consists of four main steps: assessing the ecological risk, determining mitigation measures, estimating the cost of risk management, and reporting the results.
- The third stage is the monitoring and ecological evaluation of the project. This procedure serves two main purposes: to ensure that the project sponsor complies with the applicable ecological standards and various ecological components of operations included in legal agreements, and to keep track of ongoing ecological impacts associated with project operations and of the effectiveness of any mitigation measures.
If you have a query about the ecology section of an environmental due diligence, then call us on 01228 711841 or email firstname.lastname@example.org.