Your company is engaged in the business of sugar manufacturing. You have been instructed by the government to conduct environmental due diligence since the government has apprehensions that your company is causing damage
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · December 2020
Your company is engaged in the business of sugar manufacturing. You have been instructed by the government to conduct environmental due diligence since the government has apprehensions that your company is causing damage to the environment. What process will you undertake while conducting environmental due diligence?
Answer & Explanation:
The process of Environmental due diligence will include: Company analysis shall be done as the first step and it includes: Business assessment Sites assessments Products assessment Process assessment Safety standards Pollution control mitigation measures Media Report Analysis shall be done after the company analysis. Stakeholders analysis shall be done after the analysis of media reports. Regulatory Analysis (Potential Compliance Risks) is to be done after stakeholder analysis and which includes: Regulatory compliance check lists Non compliance details from Regulatory authorities Risk analysis matrix shall be done after the regulatory analysis, which includes the following: Nature of business Area of operations Potential Issues Impact Assessment Mitigation measures Management plan The Reporting and suggestions is to be made at the last.
Topics: Due Diligence
Related Questions in this Topic
- You as a practising Company Secretary has been approached by Popular Bank to carry out due diligence regarding the loan ...
- Why the Data Room is required? What type of information is maintained in the Data Room?
- Due diligence exercise these days is carried out through creation of Virtual Data Room in the form of internet site wher...
- What are the possible legal hurdles in carrying out a legal due diligence of the target company and what are the actions...
- GHI Ltd. wants to acquire RST Ltd., the target company. Prepare a check list to undertake a preliminary study on the tar...