The updated SOP was released by the SBA last Friday.
EDR is pleased to host Part II of last week’s webcast where we’ll focus exclusively on changes to the environmental guidelines. This 20-minute webinar is a must attend for anyone originating SBA 504 or 7a loans.
Version J of SOP 50 10 5 represents the agency’s first update to its environmental guidance since 2014 (when it adopted the revised ASTM Phase I E 1527 standard). EDR’s James Haberlen will provide a timely update on what this round of changes mean to the environmental due diligence required on any loans seeking the SBA’s approval.
EDR will share the late-breaking changes to the SBA’s SOP 50 10 5—the agency’s first update to its environmental guidance since 2014 (when it adopted the revised ASTM Phase I E 1527 standard). Speakers will share details on the changes coming out October 1 and effective in January 2018. Don’t miss this timely update on what this round of changes mean to the environmental due diligence required on any loans seeking the agency’s approval. Benefits:
-latest statistics on SBA lending volumes
-a primer on SBA’s tiered process for environmental investigations
Join us for the latest!
Vapor migration is part of the new Phase I environmental site assessment protocol from ASTM, E 1527-13. In December, the US Environmental Protection Agency blessed the new standard as compliant with the federal All Appropriate Inquiries rule, emphasizing the importance of assessing vapor migration risk as a standard part of Phase I ESAs. US EPA went even further in the December preamble and stated that vapor migration has always been a part of conducting AAI. In light of US EPA’s statements and the emphasis that assessing vapor migration is current standard practice for AAI-compliant Phase I ESAs, how is vapor being addressed in the field? If a Phase I ESA report identifies vapor migration as a Recognized Environmental Condition, or REC, what next? In today’s market of intensely short turnaround times for property transactions, is a vapor migration issue a deal killer? What are the current tools and options to investigate a vapor migration REC under transactional time constraints? When should a buyer walk away from a site potentially impacted by vapor migration? When to mitigate? How are environmental due diligence firms establishing consistent processes for recommending “next steps” for clients when vapor migration issues arise?
This timely webinar will bring together an attorney and two leading technical experts to address head-on the various avenues that firms are taking to assist end users of Phase I ESA reports on how to address vapor migration risk during the deal making process.
Discover how PBS Engineering and Environmental has been able to improve their business continuity and productivity with help from VMware and Dell.
"vCenter Operations Manager gives me incredible insight into my cloud. It gives me direct drill down, in-depth information on every aspect of my virtual center." - Todd Leavitt, IT Manager, PBS Engineering and Environmental
Whether you are new to the environmental due diligence field or a seasoned veteran, this webinar offers something for you. EDR Insight is honored to bring you the expertise of Grady Shields, an attorney with Wyrick Robbins Yates & Ponton LLP. Shields brings over 30 years of experience practicing environmental law, assisting clients with environmental due diligence and transactions, and counseling lenders on environmental issues.
At this webinar, Shields will share his insights on seven important issues impacting environmental due diligence in commercial real estate lending. This timely event will cover some of the latest environmental risks, like vapor migration, being pushed to the forefront, new emphasis on risk management tools like environmental insurance, the intense pressure on lenders by regulators and more. Take advantage of this opportunity to get some free advice from a trusted voice in environmental risk management.
Who Should Attend:
-Risk managers and loan officers at community banks
-Risk managers at national banks, looking for a quick refresher and update
-Environmental due diligence professionals serving lenders
Those attending should come away with a better grasp of:
-the need for pre-loan diligence, including diligence beyond the real property at issue
-the use and appropriate terms of borrower environmental indemnification agreements
-using both Pollution Legal Liability and Lender Environmental Liability coverage to limit lender risk
-how to maximize value, while minimizing lender risk, in default situations
-trends being driven by the regulators.
Most organisations, even those perceived as low-risk, such as offices, shops, and schools, have significant potential environmental liabilities. Yet most business leaders do not recognise these, or understand the scale of the impact they can have on their bottom line. Even small pollution incidents can give rise to substantial clean-up costs, third party liabilities and legal expenses, often many times the size of the fines.
In reality, most organisations have environmental liabilities. These may take the form of contractual, reputational and operational exposures. Environmental management systems, and effective maintenance in site infrastructure and monitoring cannot always protect an organisation from all environmental risk. Traditional public liability policies can leave huge gaps in coverage and many organisations are left unknowingly but dangerously exposed.
So are you actually protected? Register for this live ENDS webinar and find out how you can best protect yourself.
Tune in for:
· In-depth analysis, grounded in case studies, of the types of environmental exposures facing businesses
· Clarity around how specialist environmental insurance can help protect you when things do go wrong
· Sound advice on effective environmental management, from front-end environmental management to back end environmental insurance solutions
Philip Hogg, Underwriter, XL Group
Shane Herlihy, Managing Director, Environmental Risk Solutions
Graham Hawkins, Principal Specialist - Environmental, Cunningham Lindsey
Moderated by James Richens, Senior Writer, The ENDS Report
In the face of inevitable regulatory changes, engineers must become savvy in their ability to respond to and anticipate change in order to limit product failures due to health, safety, environment and regulatory reasons.
Striving for EHS excellence and risk reduction requires difficult decisions and trade-offs that need to be backed in data and best practices.
In this webinar, we will look at how Knovel helped solve EHS and regulatory challenges for companies across industries. The learnings from these case studies can be applied to your own EHS issues.
Knovel helps companies tackle development and production challenges by providing foundational engineering knowledge, best practices, and interactive data to support EHS risk reduction.
Each year at EDR’s PRISM conference, an up-and-coming risk management or due diligence professional is recognized for impressive achievement in leadership, visibility, professional competency and/or industry involvement. Building on this popular awards category, EDR is excited to launch a new Developing Leaders program aimed to further the development of our industry’s future leaders. This new initiative will provide education and mentor/mentee connections to leverage the industry knowledge of prominent business leaders, and provide newer professionals with the tools and resources they need to fulfill their education and professional development goals.
Each of the webinar speakers is an industry veteran who is deeply committed to helping rising professionals learn what they wish they knew when they were just starting out. Whether you’re a seasoned manager looking to retain top talent—or a newbie just starting out, join us for this kickoff webinar to hear what’s in store from EDR’s new Developing Leaders program!
Who should attend:
•Risk management professionals just starting out in the field
•Experienced industry veterans
•Anyone looking to broaden his/her professional development expertise
John Rybak, 2017 winner of the PRISM Industry Influencer award, and BB&T’s SVP Environmental Risk Manager
Roger Caramanica, Ph.D., EDR’s VP of Organizational Development
Dianne Crocker, EDR Insight’s Principal Analyst
This webinar will provide an overview of the 2014 EPA Guidance on assessing and costing environmental liabilities. It is relevant to EPA licensees with licence conditions requiring environmental liability risk assessments (ELRA) and closure plans (e.g. closure, restoration and aftercare management plans, residuals management plans and decommissioning management plans), and to applicants for new licences or licence transfers. The webinar will not cover financial provision, which will be the subject of separate guidance by the EPA.Read more >
The cost implications of environmental legal framework remain increasingly acute for global steelmakers in the light of tightening regulations. EU steel industry was the first to face additional legally imposed costs.
In 2016, EU carbon market is forecasted to turn into deficit for first time because of reduction in the number of free allocations. Coupled with sliding steel prices amid exuberant cheaper steel supply from China, it is expected to result in EU steel makers potentially struggling to absorb the new costs in the light of thinning margins.
In this webcast Roman Kucinskij, consultant with Metal Bulletin Consultancy will address:
•The development of CO2 emissions and carbon intensity for steel making sector
• What is the estimated cost impact of the environmental regulations for EU steel sector?
• Which are the most environmentally savvy steelmakers in the EU?
Business conditions for the environmental industry are currently strong, particularly in infrastructure, transportation and commercial development markets. Still, forecasters are predicting the market will begin to experience recessionary conditions in the next 18-24 months. What’s your strategic plan? Are you positioned to benefit from any market changes, and what will be the opportunities and challenges?
Join us for this timely webinar and come away armed with the tips you need to position your firm for growth. Al Spiers, 2020 Environmental Group Founder and CEO, will give attendees proven strategies for developing an effective strategic growth plan. Topics will include: what markets are hot and not; strategic growth plans for expanding into new markets and geographies; improving key performance metrics to support investment strategies; and opportunities for using M&A as a growth strategy. This includes companies that may be considering selling and merging with a new, larger strategic partner.
Please join Cary Krosinsky and Gabe Rissman co-founders of Real Impact Tracker as they introduce how they rate the social and environmental impact of your investments. Following this Ben Yeoh, Senior Portfolio Manager, RBC Global Equity will outline how his team approach improving the social and environmental impact in their investments.Read more >
With scrutiny on lenders’ risk management policies intensifying, more and more community banks are writing their first policies or updating old ones. The OCC just raised the bar for the banks it regulates with the August release of expanded guidelines for environmental risk management that bring their policy requirements in line with those of the FDIC. What are the critical components that should be in every policy? What elements are common to most institution’s policies? How does your institution measure up to industry best practices? How is policy administered across organizations?
Join us for this webinar as seasoned insiders selected from the ranks of a mid-sized bank and small community lender share their experiences in writing and updating environmental policies. Learn what these experts are doing to protect their institutions from environmental risk exposure, and the dangers that lenders face by not having adequate policies in place to protect them from financial and legal liability.
This webinar addresses the environmental effects of coal mining and related transport, reviewing the potential environmental impacts arising at all stages of the coal chain. Potential environmental impacts from emissions of dust, water, and local land use are reviewed, highlighting emerging techniques to limit and reduce negative effects.
Examples of best practice for mine operation, transport logistics and dust control will demonstrate the potential for improved performance and environmental sustainability in the field. Socioeconomic impacts, as well as regional employment and community engagement, are also covered. In this day and age mining companies will need to comply with environmental law as well as demonstrating best practice and public engagement to have new projects approved.
IoT Solution for public safety environmental monitoring, using real-time sensors to detect toxic gases, and drive a predictive model of how the gas will diffuse in the atmosphere.Read more >
Environmental issues such as energy security, water scarcity, climate change, and population growth are creating challenges and opportunities for business. As Governments, Companies, Investors and Consumers heighten their awareness of these issues, this visibility has created an opportunity for many companies to rise to the challenge and respond with suitable environmental solutions, which subsequently captures the growing interest of investors.
With sustainability high on everyone’s agenda, this FTSE Insight webinar is bringing to you the environmental market knowledge of Impax Asset Management’s CEO from the UK and FTSE’s ESG expert.
In this webinar, hear from environmental markets experts on:
• The development and trends of environmental markets
• The key drivers behind environmental markets e.g. regulatory change and technology
• The FTSE Environmental Markets Index family and performance of the index series in Asia-Pacific
• The popular misconceptions – there’s more to the sector than solar and wind
A global ‘stock-take’ on where we’re at regarding environmental reporting
Post the TCFD report and evolving country and EU regulatory moves: what are investors actually expected to do now on assessing and communicating climate risk exposure?
• A changing world of compliance
The world of climate reporting is moving fast and investors need to understand what their responsibilities are in multiple jurisdictions and how climate data can best serve them.
• Hard vs soft law
Countries including France, Sweden, Japan, Switzerland and the US state of California have introduced a variety of hard and soft laws. TCFD is voluntary and the EU’s plans look likely to be so also: what’s an investor supposed to do?
• How to?
Investors need guidance and takeaways for action.
• Trump v the States?
What does the evolution mean for US investors in the light of the US government’s withdrawal from Paris and California and other states’ counter moves?
• What’s expected versus what’s possible?
Investor leadership in times of compliance requirements.
Robin Edme, Senior Policy Officer Green and Sustainable Finance, European Commission
Dr. Maximilian Horster, Managing Director, ISS Ethix Climate Change Solutions
Christina Olivecrona, Sustainability Analyst, AP2
Hugh Wheelan, Managing Editor, Responsible Investor
Presented by: Responsible Investor & ISS Ethix