Supporting complex transactions with practical environmental & climate risk management advice.
Our experience working with operators, regulators and insurance companies across Europe & Australia enables us to look at problems holistically to develop innovative solutions.
- Financial quantification of known contaminated land conditions.
- Risk assessment of unknown contaminated land and environmental conditions.
- Technical negotiation with regulators and third parties to achieve win-win outcomes.
- Expert witness on contaminated land, environmental risk and groundwater dependent resources.
Contaminated Land Liability & Risk
Contaminated land issues can delay transactions when uncertainty about regulatory actions, offsite risks and remediation costs arise. ERS can
- Assess potential offsite risk and exposure based upon the type of contamination, the nature of the ground conditions and the sensitivity of receptors.
- Independently review and engage with regulators to assess the likelihood of enforcement action.
- Develop remediation cost estimates to support the negotiation.
- Provide structured risk assessment to inform the likelihood and consequence of unknown contaminated land risk.
- Provide risk engineering support for insurance brokers and underwriters to facilitate Environmental Insurance placement.
Climate Change Risk & Vulnerability
Global warming induced climate change hazards are becoming increasingly accepted and embedded in investment decisions. ERS advises clients and completes climate risk assessments in support of:
- The EU Taxonomy Regulations to classify Sustainable Activities
- Task Force on Climate-related Financial Disclosures
- The Equator Principles benchmark for managing project environmental risk
Our founder, Shane Herlihy is a recognised hydrogeological and contaminated land expert who has successfully defended projects at public enquiry and acted as an expert in High Court cases:
- Fingal County Council – five landfill oral hearings before An Bord Pleanála and the EPA.
- Dublin Port Company – contaminated land and environmental risk testimony before the High Court.
- Zurich Insurance – contaminated land and environmental risk testimony before the High Court.