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September/October 2010

A Timeline of Selected E50 Standards


E1527, Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process

The standard practice defines good commercial and customary practice in the United States for conducting commercial real estate environmental site assessment under the Comprehensive Environmental Response, Compensation and Liability Act. Following the recommendations in E1527 is intended to satisfy innocent landowner, contiguous property owner or prospective purchaser limitations on CERCLA liability because the standard constitutes all appropriate inquiry into previous ownership and land uses.

E1528, Practice for Limited Environmental Due Diligence: Transaction Screen Process

E1528 covers limited environmental due diligence in situations where the Phase I environmental site assessment is not deemed to be necessary; its use will not satisfy all appropriate inquiries regarding previous ownership and use. The standard outlines a commercially prudent or reasonable approach to conducting an inquiry designed to identify potential environmental concerns.


E1739, Guide for Risk-Based Corrective Action Applied at Petroleum Release Sites

First published as an emergency standard in 1994, then fully approved in 1995, E1739 provides a tiered decision-making process that integrates risk and exposure assessment practices and involves a site assessment, site classification according to urgency for initial response, and responses according to specific conditions and risks. The U.S. Environmental Protection Agency cites E1739 in its policy on Risk-Based Decision-Making and Underground Storage Tanks.


E1903, Guide for Environmental Site Assessments: Phase II Environmental Site Assessment Process

Intended to be applied in concert with E1527 and E1528, the E1903 guide gives practical procedures to conduct further assessment of a commercial property with recognized environmental conditions; it assists in satisfying the appropriate inquiry element of the Comprehensive Environmental Response, Compensation and Liability Act innocent purchaser defense and in gathering information about the parcel that will help the user in making business decisions.


E2018, Guide for Property Condition Assessments: Baseline Property Condition Assessment Process

A walk-through survey, document review and interviews comprise the approach to conducting commercial real estate property condition assessments in E2018. The standard defines good commercial and customary practice for PCAs of primary commercial real estate improvements; facilitates consistent and pertinent content in property condition reports; makes recommendations regarding the survey and research; and suggests protocols for communicating the information.


E2081, Guide for Risk-Based Corrective Action

Originally approved as a provisional standard in 1998, E2081 addresses the process of addressing risk-based corrective actions at chemical release sites, which vary in terms of complexity and in physical and chemical characteristics. The tiered approach of the standard integrates site assessment and response actions with human and health and ecological risk assessment to tailor site-specific remedial actions.


E2247, Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process for Forestland or Rural Property

Large tracts of rural property or forest — 120 acres or more —that are part of a real estate transaction can be evaluated for environmental conditions with the assistance of E2247. The use of the standard includes landowner liability protection under the Comprehensive Environmental Response Compensation and Liability Act and compliance with All Appropriate Inquiries Rule (40 CFR Part 312).


E2308, Guide for Limited Asbestos Screens of Buildings

The scope of E2308 is to provide assistance for conducting baseline limited asbestos screenings to evaluate the material’s presence in systems within a commercial building; the standard also includes protocols for consistently communicating observations, opinions and recommendations about the evaluation.

E2365, Guide for Environmental Compliance Performance Assessment

A framework for developing an environmental compliance assessment program, E2365 integrates environmental compliance, environmental risk classification and business risk management for use in decision making. At each step or tier of an analysis, the guide offers ways to identify compliance options, pollution reduction or prevention and priority planning for a wide variety of applications.


E2418, Guide for Readily Observable Mold and Conditions Conducive to Mold in Commercial Buildings: Baseline Survey Process

The purpose of E2418 is defining good commercial and customary practice in assessing visible mold and conditions for its occurrence in commercial real estate. E2418 details the process of conducting a walk-through survey, document reviews and personal interviews, which allow the user to determine the need for further action.


E2600, Guide for Vapor Encroachment Screening on Property Involved in Real Estate Transactions

Commercial and customary practice for conducting a vapor intrusion assessment on a property involved in a real estate transaction can be found in E2600. The standard includes three tiers of screening and a tier of mitigation, according to the individual site, and is designed to complement existing federal and state vapor intrusion policies or guidance.


E2718, Guide for Financial Disclosures Attributed to Climate Change

The first standard approved from E50’s climate change task group, E2718 provides a process to identify potential financial risks and opportunities associated with climate change; quantify the financial impact of those risks; and determine the appropriate content of disclosure for material risks.


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