The palm oil industry and possibly other agriculture industries. Due to environmental problems such as deforestation, illegal land conversion, land-grabbing, loss of biodiversity, etc., governments in countries where palm oil production is high (like malaysia and indonesia) have in place certification requirements to regulate the palm oil industry and ensure sustainability. Due diligence will be required on companies bound by these regulations to ensure that the company has complied with the certification requirements.
It is key in the oil and gas production industry where risks include: oil and gas leaks, oil and produced water spills, pipeline/transportation ruptures, unauthorized discharge of toxic chemicals, gases, or other pollutants. Environmental DD includes procedures such as visits to well sites and taking soil and air samples to be analyzed for level of hazardous content.
Pharma and oil & gas come to mind immediately in terms of environmental due diligence. There are a lot of legal, policy, and compliance requirements surrounding both industries, therefore environmental due diligence is key.
I think environmental DD can be an effective tool in most industries, possibly excluding companies with solely online operations. For example, even financial service companies impact the communities in which they operate with their carbon footprint, paper usage, power usage, recycling policies etc.
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