Pre-Transactional Gap Analysis

A Pre-Transactional Gap Analysis can be done alongside a Phase I ESA, but includes a more extensive evaluation of an organization's current environmental management practices and comparing them to recognized standards or regulations in order to identify any gaps or deficiencies. The goal of the gap analysis is to identify areas where the organization's environmental performance could be improved, and to develop an action plan to address those deficiencies.

The analysis typically includes:

• A review of current environmental management practices, procedures, and policies

• A comparison of those practices to recognized standards or regulations such as the Clean Air Act, Resource Conservation and Recovery Act, or the Clean Water Act

• Identification of any gaps or deficiencies in the organization's environmental performance

• Development of an action plan to address those gaps and deficiencies

The main goal of an Environmental Gap Analysis is to identify areas where an organization's environmental performance could be improved, and to develop an action plan to address those deficiencies. It helps buyer or lender to identify opportunities to improve their environmental performance, to comply with legal and regulatory requirements, and to reduce environmental risks.

An Environmental Gap Analysis is a crucial step in the process of implementing an environmental management system (EMS), and it can also be used to evaluate an organization's environmental performance on a regular basis. It is important that the analysis is conducted by a qualified environmental professional and that the results are used to inform the organization's environmental management practices and policies.