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Environmental aspects with financing

A changing attitude towards the environment is leading to an increased number of environmental laws and guidelines, as well as to ecologically-related market changes. Companies that do not adapt to the changing conditions resulting from this will suffer financial losses that can even put their continued existence at risk. Behaviour that damages the environment and contaminated sites are a potential risk for the economy.

For this reason, detailed environmental planning is often a decisive management factor. Issues related to environmental risks must be clarified at the beginning of the decision-making process in order to avoid follow-up costs and reduced liquidity.

The environment desk will be happy to assist you in the following areas and with the following issues:

  • Better recognising environmental risks and preparing solutions.
  • Dealings with authorities in environmental matters.
  • Analysis of expert opinions.
  • Advice on the current environmental laws.
  • Advice on the preparation of purchase contracts (to avoid risks).
  • Arrangement of experts.


Sultana Gruber Ramesh.Luttenberger-Iranshahr@unicreditgroup.at
Tel. +43 (0) 50505 - 51297 Tel. +43 (0) 50505 - 54460 


Environmental risks

Financial standing risk
Defensive economic strategies and ignoring environmental aspects can make it impossible for a company to maintain its competitive position under changing market conditions. This can lead to the following:

  • Significant decline in sales.
  • Increased public and political pressure.
  • Significantly higher personal liability risks.

Collateral risks
Outdated production methods and the improper storage of waste products and chemicals can lead to the massive contamination of properties and ground water. In addition to many other problems, soil contamination is above all associated with the three following economic risk factors:

Threats to the continued existence of the company in the event of concrete environmental hazards

  • Official orders to implement remediation measures from an executive authority.
  • Claims from neighbours under private law to have the damages corrected.

Increased investment costs
If a construction project should be realised on a contaminated property, the following increase the costs of the project:

  • The necessary clarifications.
  • The proper (environmentally acceptable) treatment or disposal of the excavated materials and any existing buildings or parts of buildings, and
  • any necessary protective measures.

Reduction in value
Every contamination of a property results in a redhibitory defect (third-party claims, utilisation limitations, additional costs) and therefore a reduction in value that must be taken into account in a purchase or sale. Even the suspicion of contamination results in additional costs for the clarification of the situation.

Change of climate

According to the burden sharing agreement of the Kyoto Protocol, the greenhouse gas emission reduction target for Austria was set at 13%. As a result of increased emissions, the need for reduction has increased to over 20% since the conclusion of this agreement.

The Kyoto Protocol allows companies to be flexible in reaching the specified reduction targets. They can either reduce their emissions themselves or purchase emissions certificates.