Environmental Due Diligence
ENVIRONMENTAL DUE DILLIGENCE
An IBS service for law firms and companies involved in mergers and acquisitions
As foreign companies invest in Turkey - or Turkish companies seek foreign partners - a critical element in the valuation process is determining the environmental or health and safety liabilities which may be incurred by the new investor. This is becoming all the more important as Turkey stiffens its environmental legislation as part of the development of its relations with the European Union.
IBS' Environmental Due Diligence Unit identifies the risks and quantifies the costs of this process, for instance:
- Advising a company involved in the privatisation of Erdemir on the environmental, health and safety aspects of the company's iron and steel plants as well as its mines and other subsidiaries.
- Carrying out environmental due diligence and a survey of Good Manufacturing Processes (GMP) of DEVA Holding and its various plants in Turkey
Such industrial plant assessment studies are increasingly required by international investors and financing agencies. IBS's work not only provides an independent appraisal of the current situation but also details the best available mitigation measures and their costs.
IBS's services involve both consultancy and soft engineering services. They range from desk and feasibility-type studies to on-site management and control activities for existing plants as well as projects at conceptualisation phase.
IBS - CAT
IBS is the local contracted partner of CAT Alliance Ltd which is among Europe's largest providers of environmental due diligence services, assessing the environmental risks related to the transfer of sites and plants worldwide.
CAT Alliance Ltd. offers due diligence services to investors, purchasers and divestors. It is owned by three leading European environmental consultants: COWI (DK), Enviros (UK) and Tauw (NL). The benefits offered clients by the Alliance include a uniform, high standard of service offered throughout the Alliance, optimal use of resources, knowledge-sharing and standard quality procedures for effective project delivery. The CAT Alliance network covers more than 50 countries.
In parallel with the above, IBS advises international companies on specific segments of the environmental industry. Examples of such projects include a detailed study on disaster planning in the Bosphorus.
A full range of services
IBS can provide all of the following:
1. General services
- Environmental audit
- Environmental permitting
- Environmental management systems
- Environmental due diligence services
- Assistance with implementation of environmental technology transfer to recipient organisations
- Assessment and implementation of environmental improvements and upgrades
2. Legislative and management consultancy
- Applicable Regulations, Guidelines and Permits on Environment and Occupational Health & Safety (International Agreements and Regulations including EU & World Bank and Turkish Legislation)
- Review and remediation of Environmental and Health & Safety Management Structure including Emergency, Security and Safety Plans, Developing Company-Community Interaction Programs.
3. Analysis of environmental impacts
- Air emissions, Water emissions, Water Management, Solid (non-hazardous) Waste Treatment, Hazardous Materials Management
- Developing the best available solutions for Sampling and Analysis (Quality Assurance and Control) procedures during plant reviews / assessments.
4. Workers' health and workplace safety
- Management of Occupational Health and Safety
- Summary of Accident Reporting, Recording and Investigation
- Site Safety and Security Procedures
- Medical Monitoring Program
- Air Quality Impacts
- Noise Level Exposure
- Chemical/Material Handling
Our Track Record in the Environment
Examples of projects carried out by IBS staff include:
| 2006 | Environmental Due Diligence and survey of Good Manufacturing Processes (GMP) of DEVA Holding and its various plants in Turkey |
| 2005 | Environmental Due Diligence and Assessment of Erdemir Steel factory and its various plants in Turkey as an integral component of bid preparation during privatization |
| 2005 | "Environmental Regulations in Turkey" report to Ambiente International |
| 2004 | Data Room Services for Doga Energy |
| 2004 | Environmental Due Diligence Audit at Termo Teknik facility located at Çorlu, Tekirdağ |
| 2004 | Environmental Audit at Dipol Electromechanical Industry Ltd |
| 2003 | Environmental Assessment Consultancy for TUPRAS |
| 2003 | Environmental and health & safety related plant assessment of a feldspar mine and processing plant in Aydini during acquisition procedures by a major US company. |
| 2003 | The Wastewater Treatment and Air Pollution Products Market in Turkey |
| 2002 | Bosphorus Issues in Turkey |
| 2000 | Environmental Issues in Turkey |
| 2001 | Oil Spill Contingency Planning in Turkey |