Taking environmental liabilities off the balance sheet - permanently.
EMSOURCE permanently assumes liability for all environmental outcomes with each risk transfer transaction. We manage environmental risks (and where appropriate, underlying assets) from initial risk assessment and remediation through long-term care and final regulatory closure.
Our risk transfer products are designed to provide immediate and permanent relief from future environmental liability. An Emsource risk transfer transaction transfers all the financial, regulatory and timing risks associated with addressing environmental contamination at a legacy site or a portfolio of sites.
Environmental liability transfers have obvious benefits:
- Eliminates 'frictional costs' (corporate legacy management staff, outside legal)
- Eliminates cleanup cost volatility risk
- Reduces balance sheet reserves
- "Upside protection" (better-than-expected remediation outcomes return funds to the client)