In today’s marketplace, investors are demanding transparency in financial reporting which is placing increased pressure on companies to accurately account for environmental liabilities. Sarbanes Oxley and FASB Interpretation No. 47 are driving corporate environmental liability recognition for public companies and non-public entities that prepare audited financial statements. The practice of mothballing corporate legacy properties to delay or avoid cleanup costs is rapidly becoming a thing of the past.
Viridian structures transactions that permit our corporate sellers to capture the market value of Brownfield properties by returning them to productive reuse, while releasing balance sheet liabilities for their remedial obligations. Viridian has engineered a repositioning process for our sellers that includes: