ASTM E2137-01

Standard Guide for Estimating Monetary Costs and Liabilities for Environmental Matters

SCOPE
1.1 Purpose--The purpose of this document is to provide a standard guide in the United States for estimating  costs and liabilities for environmental matters. Many possible uses for estimates of costs and liabilities for environmental matters exist, including but not limited to business decision making, communications and negotiations involving change of property ownership, regulatory requirements, third-party lawsuits, insurance premium calculation and claim settlement, change of property use, revitalization, compliance planning, construction, analysis of remedial alternatives, budgeting, strategic planning, financing, and investment analysis by shareholders. The use of estimated costs and liabilities developed in accordance with this standard may be subject to other standards applicable to the matter involved. For example, it is not intended to supersede accounting and actuarial standards including those by the Financial Accounting Standards Board and the U.S. Security and Exchange Commission. This standard does not address the establishment of reserves or disclosure requirements.
1.2 Objectives--The objective of this standard is to provide guidance on approaches for estimating  costs and liabilities for environmental matters.

General Information

• Status: Historical
• Publication Date: 09-Mar-2001
• ICS: 13.020.99 - Other standards related to environmental protection
• Technical Committee: E50 - Environmental Assessment, Risk Management and Corrective Action
• Drafting Committee: E50.05 - Environmental Risk Management

Relations

• Replaced By: ASTM E2137-06 - Standard Guide for Estimating Monetary Costs and Liabilities for Environmental Matters
• Effective Date: 01-Nov-2006
• Referred By: ASTM E3228-19 - Standard Guide for Environmental Knowledge Management
• Effective Date: 10-Mar-2001
• Referred By: ASTM E3123-18 - Standard Guide for Recognition and Derecognition of Environmental Liabilities
• Effective Date: 10-Mar-2001
• Referred By: ASTM E2173-22 - Standard Guide for Disclosure of Environmental Liabilities
• Effective Date: 10-Mar-2001
• Referred By: ASTM E1903-19 - Standard Practice for Environmental Site Assessments: Phase II Environmental Site Assessment Process
• Effective Date: 10-Mar-2001
• Referred By: ASTM E2718-21 - Standard Guide for Financial Disclosures Attributed to Climate Change
• Effective Date: 10-Mar-2001
• Referred By: ASTM E2876-13(2020) - Standard Guide for Integrating Sustainable Objectives into Cleanup
• Effective Date: 10-Mar-2001

Standards Content (Sample)

NOTICE: This standard has either been superseded and replaced by a new version or withdrawn.
Contact ASTM International (www.astm.org) for the latest information
Designation:E2137–01
Standard Guide for
Estimating Monetary Costs and Liabilities for Environmental
1
Matters
This standard is issued under the fixed designation E 2137; the number immediately following the designation indicates the year of
original adoption or, in the case of revision, the year of last revision. A number in parentheses indicates the year of last reapproval. A
superscript epsilon (e) indicates an editorial change since the last revision or reapproval.
1. Scope PS 104-98 Provisional Guide for Risk-Based Corrective
5
Action
1.1 Purpose—The purpose of this document is to provide a
2.2 Other Document:
standard guide in the United States for estimating costs and
2 EPA OSWER Directive 9610.17 concerning use of risk-
liabilities for environmental matters. Many possible uses for
6
based decision making, 1995.
estimates of costs and liabilities for environmental matters
exist, including but not limited to business decision making,
3. Terminology
communicationsandnegotiationsinvolvingchangeofproperty
3.1 Definitions:
ownership, regulatory requirements, third-party lawsuits, in-
3.1.1 allocation or allocated share—the portion of cost or
surance premium calculation and claim settlement, change of
liability for which a party is responsible for payment or
propertyuse,revitalization,complianceplanning,construction,
reimbursement.
analysisofremedialalternatives,budgeting,strategicplanning,
3.1.2 environmental compliance—operations, permits,
financing, and investment analysis by shareholders. The use of
equipment, facilities, products, records, documentation, re-
estimated costs and liabilities developed in accordance with
ports, training, procedures, inspections, certifications, monitor-
this standard may be subject to other standards applicable to
ing, controls, or other conditions or activities that must
the matter involved. For example, it is not intended to
conformtoenvironmentalstatutesincluding,butnotlimitedto,
supersede accounting and actuarial standards including those
CAA, CWA, OPA, RCRA, CERCLA, TSCA, FIFRA, SDWA,
by the Financial Accounting Standards Board and the U.S.
and state and local laws.
Security and Exchange Commission. This standard does not
3.1.3 costs and liabilities—economic expenses, accrued
address the establishment of reserves or disclosure require-
liabilities, and loss contingencies.
ments.
3.1.4 estimator—an individual or entity that prepares and
1.2 Objectives—The objective of this standard is to provide
analyzes costs and liabilities.
guidance on approaches for estimating costs and liabilities for
3.1.5 event—aconditionorincidentwhichoccurred,ormay
environmental matters.
occur, with respect to an environmental condition and/or
3,4
2. Referenced Documents environmental compliance issue, that affects or leads to poten-
tial costs and liabilities. Examples of events include: a new
2.1 ASTM Standards:
requirement for air emission controls (e.g., NO ), a hazardous
x
E 1527 Environmental Site Assessments: Phase I Environ-
waste site that requires remediation, a claim for personal injury
mental Site Assessment Process
related to an alleged environmental incident, or the need to
E 1739 Risk-Based CorrectiveActionApplied at Petroleum
comply with NPDES standards as a result of a process change.
Release Sites
3.1.6 liability—an actual or potential obligation that may or
may not be accrued.
1
ThisguideisunderthejurisdictionofASTMCommitteeE50onEnvironmental
3.1.7 orphan share—liability assigned to a PRP that cannot
Assessment and is the direct responsibility of Subcommittee E50.05 on Wetland
be located or that is insolvent, or the liability associated with
Ecosystems.
pollutants which cannot be attributed to a PRP.
Current edition approved Mar. 10, 2001. Published May 2001.
2
For the purposes of this standard, costs and values are defined as monetary
3.1.8 potentially responsible party (PRP)—any individual,
estimates.
legal entity, or government—including owners, operators,
3
Appendix X1 includes citations for additional relevant documents and require-
ments from other organizations including FASB, SEC, and AICPA.
4
For referenced ASTM standards, visit the ASTM website, www.astm.org, or
5
contact ASTM Customer Service at [e-mail]. For Annual Book of ASTM Withdrawn.
6
Standards volume information, refer to the standard’s Document Summary page on Available from U.S. Environmental Protection Agency, 1200 Pennsylvania
the ASTM website. Avenue, NW Washington, DC 20460.
Copyright © ASTM International, 100 Barr Harbor Drive, PO Box C700, West Conshohocken, PA 19428-2959, United States.
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E2137–01
transporters, or generators—potentially responsible for, or with regard to, among other things, the resolution of contrac-
contributing to, the environmental impacts at an event. tua
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