Facility closures, sales, operational cessation/relocation, and lease exits involve environmental, health, and safety (EHS) elements that can reduce planned operational costs savings. Various triggers demand immediate and/or long-term cash outlays and schedule delays depending on the stakeholders involved, regulatory setting, legal obligations, and your own risk profile. Whether you own the facility, lease it, or are involved with a shelter-type of operation, understanding the stakeholders connected with the facility exit and each stakeholder’s requirements for a site exit is a first step in the process to avoid unnecessary surprises to your financial team. Stakeholders can include regulators, business owners, shareholders, landlords, public entities, and possibly future buyers of the assets.
Join us as our decommissioning and site closure experts guide you on a best practices journey in “Facility Closures: Expect the Unexpected – Learn How to Avoid Surprises and Lower Your Risks” where you will learn:
- How to identify your stakeholders, some of whom you may not have thought of yet
- Different scenarios to help you identify requirements that you may not have thought about and learn how to build those requirements into your planning process
- Common hurdles and frequently repeated mistakes others have made and how you can avoid those same errors
- How your own risk profile and things such as reputation or brand risk can factor into the steps you should take to leave a facility behind for future use
This webinar was broadcast live on September 29, 2020.
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