PEC performs Phase II Environmental Site Assessments according to ASTM standard practice E1903-19. This practice covers a process for conducting a Phase II Environmental Site Assessment (ESA) of a parcel of property with respect to the presence or likely presence of substances including but not limited to those within the scope of CERCLA, pollutants, contaminants, petroleum and petroleum products, and controlled substances. It specifies procedures based on the “scientific method” to characterize property conditions in an objective, representative, reproducible, and defensible manner.
This practice contemplates that users may seek such data to inform their evaluations, conclusions, and choices of action in connection with one or more of the following objectives:
Objective 1 – Assess whether there has been a release of hazardous substances within the meaning of CERCLA, for purposes including landowner liability protections
Objective 2 – Provide information relevant to identifying, defining or implementing landowner “continuing obligations” including taking reasonable steps to prevent or limit exposure to previously released hazardous substances
Objective 3 – Develop threshold knowledge of the presence of substances on properties as required for qualifying for brownfields remediation grants from the EPA Brownsfields Program
Objective 4 – Provide information relevant to target analytics that may pose risk to human health or the environment, or risk of bodily injury to persons on the property and thereby give rise to potential liability
Objective 5 – Provide information relevant to business environment risk in transactional and contractual contexts, including transferring, financing and insuring properties, and related due diligence
Objective 6 – Provide information to support disclosure of liabilities in financial statements and securities reporting