Vendor Due Diligence of Potential Environmental Liabilities
Scandlines, a Denmark based operator of vehicle/passenger ferry services between Denmark and Germany was subject to partial divestiture by its private equity owners. SLR was retained by the operator to provide vendor due diligence support based on our experience in the industry.
The assessment process sought to identify both corporate level environmental compliance obligations, as well as, port level environmental management and compliance systems.
Following detailed discussions with senior management, SLR was able to identify the key issues that were relevant to the business and the mechanisms by which information would be gathered, assessed and reported in a manner which supported the project goals.
SLR’s work included close working with senior management, shore based staff and ferry crews to understand the historical and current environmental management of the business.
A crucial element of the project was the effective communication of environmental risks in a manner that a diverse range of technical and non-technical stakeholders could understand and accept. The true measure of our successful involvement in this project was the willingness of the consortium of purchasers to accept our report as credible and reliable.