What is EDR OnDemand™?
EDR OnDemand™ is an online subscription-based search tool that instantly
retrieves environmental records that are associated with a property or
company, helping companies view their environmental risk information more
easily and quickly than ever before.
How many databases does EDR OnDemand search?
EDR OnDemand searches more than 23 million records in 1,000 different databases to provide access to the largest, most up-to-date private repository of environmental data in the United States. EDR OnDemand databases include all databases required to comply with the EPA's All Appropriate Inquiry (AAI) rule for environmental due diligence, such as Superfund, CERCLIS, RCRA Corrective Action, Violations, Leaking Tanks, Spills, Permits, etc. In addition to AAI-Compliant databases, EDR OnDemand searches environmental-audit databases including, but not limited to, Financial Assurance records; Air (Permits & Violations); Waste Water (Permits and Violations); OSHA; and multi-media.
How up-to-date is the data within EDR OnDemand?
The environmental status of properties changes frequently. Companies can only be assured of the most up-to-date data by using an instant access search tool such as EDR OnDemand, which is continuously updated with the latest environmental risk information.
How easy is it to search with EDR OnDemand?
In the past corporations needed to search many disparate databases (e.g. Echo, Envirofax, multiple local databases, Westlaw, LexisNexis, etc.) for their environmental due diligence needs. EDR created EDR OnDemand specifically for corporations that wish to quickly, easily and discreetly prescreen any relevant property or company, prior to moving toward additional investigation. EDR OnDemand saves countless hours of research by pulling a plethora of databases together into one search function.
How can I use EDR OnDemand to support my commercial real estate transactions?
If you are buying or selling property, EDR OnDemand will ensure there are no surprising environmental issues with the land. Prior to moving toward a Phase I environmental site assessment, you can search EDR OnDemand to gain an understanding of the environmental risk factors associated with a prospective property at the earliest stages of a deal. The more information that is gathered at the earliest stages of a deal, the less chance an unknown issue will arise during negotiations.
How can I use EDR OnDemand to support my environmental financial reporting efforts?
Many companies believe that corroborating internal data with publicly available data is not only a prudent practice for establishing a process for FIN 47 compliance, but also an important step in meeting documentation or internal control requirements under the Sarbanes-Oxley Act. EDR OnDemand data helps corporations quickly and efficiently comply with new accounting standards governing environmental financial disclosure, such as Sarbanes-Oxley and FIN 47. Examples of the types of potential asset obligations that companies have sought to identify using public databases include underground storage tanks, historical spills, the presence of RCRA-permitted hazardous waste management units, solid waste management units, or other reported environmental conditions at a facility.
How can I use EDR OnDemand to track a company's waste stream?
Gain a better understanding of where your vendors are sending their waste by searching EDR OnDemand for environmental audits and profiles on Treatment Storage Disposal Facilities, landfills, non-owned disposal sites, air permits and violations, waste water permits and violations, and OSHA records. These records allow you to identify any potential superfund concerns and can be used in a merger/acquisition situation where corporations seek to measure a company's waste stream liability.