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Enviroscore provides the predictive analytics to environmental risk. This is done by expert data of geographical location via powerful GIS software, third party data, combined with advanced analytics to produce a risk calculation of the area and/or business. Since Enviroscore can be used in many ways to assist with all types of businesses; it is a powerful tool in making decisions and providing important information to businesses. Previously businesses have relied on subjective reviews of visual mapping or detailed report narratives that cannot define answers to key decisions quickly.
Enviroscore reviews uses several main parameters to produce a score. These include factors that would determine the likelihood of the site to carry potential risks currently and in the future. These parameters are built upon years of research and previous data to form a predictability scale based upon a site location and business practices.
Think of it like a "credit score" that uses several weighting factors to review the likelihood of a default. Like credit scores and the data it is derived from, Enviroscore can provide customized risk analysis depending on the information that is needed.
For instance, a site location radius is evaluated by a scientific algorithm that reviews the environmental data points in that radius to give an approximation of environmental risk . Where are the toxic release sites? Where are the locations of hazardous waste sites in the area? What is the water quality in my geographic location? All these factors have an attributable scale that can be mixed with other factors to help determine an environmental risk level that an area carries. Depending on the search criteria, this may be an unsuitable site or enable the customer to just be aware of potential risks. The main attribute of Enviroscore is that it makes the client more informed. Information is powerful and until now, all we were able to get were data sets of arbitrary points, but no real analysis based upon science, data and analytics to back this up for interpetation. Now we have Enviroscore.
For your information, the current way to evaluate environmental liability is typically performed three ways: Phase I reporting, purchasing data from environmental data companies and buying insurance coverage.
The Phase I Report is not always necessary and takes time and is expensive to produce. Data companies can provides a wealth of data, but what does it all mean? You need to hire a consultant for that. Lastly, insurance is expensive and provides no information to the client about the environmental needs or requirements. Enviroscore combines and improves on current services available in today's market. Enviroscore is a smart decision.
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