Why does a company or public organization become involved in managing environmentally impaired properties? Because of agents of change that, either individually or in combination, influence the entity’s relationship to these properties. Some of these agents of change include:
• Direct Regulatory Action • Releases of Hazardous Substances • The Organization’s Best Interest • Third-Party Action Causing a Release • Financial Considerations • Community Activism • Environmental Assessment Resulting from Transaction or Development
Pressure Once involved in managing environmentally impaired properties, many (if not
most) organizations begin their activity with a common strategy, namely: to do only what is required to minimize financial impact over as long a period of time as possible.