Environmental due diligence is a broad topic and is usually viewed by people as “just one more box to check off.” However, it is important to understand that due diligence can greatly vary from project to project and can be used to not only manage but reduce your risk. Although a financial institution may complete due diligence assessments to help ensure their borrower will be able to repay the loan, a buyer could use the results to negotiate a lower sale price. On the other hand, a seller may complete environmental due diligence to demonstrate that the property is environmentally “clean” and sell the property at market value or higher. Understanding what environmental due diligence is and the different types can help not only manage and/or reduce your risk but can also benefit you in many other ways.