ASTM International has published an updated standard practice for Limited Environmental Due Diligence: Transaction Screen Process (E1528-22), which was developed as a way for current or prospective property owners to gather information about potential environmental risks associated with a property believed to present a low risk of potential environmental concerns.
According to Task Group co-chairs, Georgina Dannatt and William Weissman, part of the revision process included efforts to modernize the standard and make the transaction screen more broadly accessible.
Revisions include:
Completely rewritten questionnaire and guide section
Revised appendix with new photographs to help preparers fill out the questionnaire
Changes to wording to better highlight the fact it provides no Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) liability protection
The standard reenforces its original design with language changes intended to make the standard easier for non-professionals to understand
LightBox EDR® data packages are designed to support varying levels of environmental due diligence. Learn more about the available packages to meet your needs, including ASTM Transaction Screens.
