Disclosure of Environmental Liabilities: The Updated ASTM Standard E2173-16


By: Bruce Martin

Accounting and financial reporting standards require companies to estimate environmental liabilities as part of their normal accounting and reporting practices.  In 2010, the Financial Accounting Standards Board (FASB) described the framework for financial statements, stressing the four “elements of financial statement”: recognition, measurement, presentations, and disclosure.  ASTM International has developed standard guides for estimating and disclosing environmental liabilities, and in 2016, an update was issued for the ASTM E2173-16: Standard Guide for Disclosure of ...

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Is Your Portfolio Company’s Safety Strategy Built on Rocks or Sand?

By: Monica Meyer

As the song goes – The wise man built his house upon the rock and the house on the rocks stood strong.  The foolish man built his house upon the sand and the house on the sand went SPLAT!

If business strategy is still an evolving concept with new paradigms and approaches established every year, safety strategy has an uphill climb to reach great levels of effectiveness. As EHS Support has been involved throughout all ...

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EHS Support’s 2017 M&A Outlook


By: Kaitlyn Templin

Following is an overview on 2016 M&A activity and what dealmakers are expecting for 2017. We have also included information below on what we are observing here at EHS Support and our suggestions for being better prepared from an environmental perspective.

In Mergers & Acquisitions’ recent webinar, “What to expect in 2017,” panelists indicated that dealmakers feel “cautiously optimistic” about 2017 and expect it to look a lot like 2016. As for 2016, while panelists agreed ...

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Emerging Contaminants

By: Raghava Dasika

“Emerging contaminants” represent a challenge in the course of transaction due diligence assessment of residual liabilities. The increasing awareness of the presence of previously untargeted classes of chemicals that are now of suspected potential environmental concern, adds to the “reasonableness” by which these chemicals should be anticipated and highlighted (if of concern) during the course of due diligence enquiry.

For example, in recent years the PFAS (per and poly-fluorinated alkyl substances) group of chemicals have been identified as an emerging ...

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Mock-OHSA Audit

By: Monica Meyer

OSHA enforcement has changed over the years and its bite now measures up to its bark. As of August 2016, fines for violations have increased by almost 60% from previous established maximums. If OSHA shows up at your door, it is not likely going to be a friendly visit. Your management team should be prepared for an inspection that will likely focus on worker complaints; however, once a compliance officer is in your facility, agency directives require the ...

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