Key Benefits
- Compliance with US GAAP and related environmental accounting regulation
- Consistent approach for the accurate assessment & calculation of environmental liabilities
/ environmental reserves/ pollution remediation obligations (PRO)
- Expert guidance in best practices for environmental reserve policies/procedures
- Formation of a defensible, auditable and reproducible process for organizations
to estimate, display, and disclose their environmental remediation liabilities resulting
in reduced audit time
- Comprehensive repository for site-specific information, assumptions, and calculations
- Standardized practices to ensure consistency, comparability, and efficiency of projects
- Formulation of a “watch list” of potential future liabilities
Environmental Risk Communications, Inc. (ERCI) is an expert and industry-leading
consultancy in the area of environmental liabilities management. The company was
founded in 1994 and specializes in servicing clients with complex environmental
restoration and remediation projects. We offer our proprietary Sarbanes-Oxley compliant
software applications for creating detailed financial analyses and documentation
of environmental liabilities. The software suite leverages Monte Carlo simulation,
discounted cash flow analysis, and decision analysis and sensitivity analysis to provide
probabilistic cost-estimating, and reserve forecasting. ERCI's suite of applications
enables corporate environmental project managers to reach strategic decisions (e.g.,
select fastest technology, lease out property during cleanup, use risk-based corrective
action cleanup standards) that reflect the current understanding of project risks
and the value of additional information.
To complement our software solutions, we support our clients with consulting services
to develop site-specific strategic cleanup plans, as well as financial solutions,
to determine the optimal management alternatives for both individual sites and portfolios
of environmental liabilities. We assist clients in both the public and private sectors
with strategy selection for environmental remediation projects, brownfield redevelopment,
and the estimation and documentation of environmental reserves. Our clients include
companies in the chemical, petroleum and heavy manufacturing industries, as well
as government entities such as port authorities and airports. The culmination of
our experience, proprietary software tools, and skill sets results in our ability
to effectively accomplish our corporate mission:
“To help our clients efficiently and effectively manage their environmental liabilities
while balancing business & accounting requirements with environmental stewardship
interests”
ERCI's team of professionals includes financial analysts, accountants, and engineers
/ scientists with advanced degrees and extensive project experience related to assessment
and management of environmental reserves, liabilities, and related risks. We help
our clients apply financial rigor to evaluating various strategic options for their
respective remediation projects.
ERCI Qualifications & Experience (Download PDF)