Environmental Bankers Association (EBA) is a non-profit trade association that represents the financial services industry, including bank and non-bank financial institutions, insurers, asset management firms and those who provide services to them.

Membership in the EBA is not limited to financial institutions. In addition to the financial sector our membership currently includes:

• property & casualty insurers and brokers,
• environmental consultants, appraisers and environmental information management firms
• environmental, real estate and trust attorneys .

The EBA meets formally twice a year. The meetings provide not only a forum to promote the exchange of environmental risk management and sustainable development lending information and technical expertise, but also provides the opportunity for our members to network.

YOUR FINANCIAL INSTITUTION AND THE ENVIRONMENT

We live in an era where the environment is recognized as an important part of virtually everything we do. Nowhere is the direct impact felt more than in the business community. Whether it is mining, manufacturing, transportation or energy, the business community can be targeted as the primary cause of pollution and other negative impacts on our air, water, open space, and natural resources. There is a strong connection between finance and the environment.

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ENVIRONMENTAL POLICY DEVELOPMENT

With the heightened scrutiny from regulatory agencies, which include the SEC, FDIC, OCC, and SBA, along with competitive pressure to approve deals, environmental risk is still the last issue to evaluate when approving commercial real estate transactions. 

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ENVIRONMENTAL RISK EVALUATION

Potential environmental concerns associated with real property collateral represent a significant risk exposure.  Although lenders may have secured creditor liability exemptions, in order to qualify for the exemption, lenders must demonstrate proper due diligence prior to lending and foreclosing.

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ENVIRONMENTAL RISK MITIGATION

Upon completing environmental risk evaluation (due diligence) including cost-to-cure and the time-to-cure, bankers generally have a better understanding of the environmental conditions associated with their collateral.  Depending on the issue, there are a host of environmental risk mitigates that can help to get the deal done.  

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