Designation:E2137−17StandardGuideforEstimatingMonetaryCostsandLiabilitiesforEnvironmentalMatters1ThisstandardisissuedunderthefixeddesignationE2137;thenumberimmediatelyfollowingthedesignationindicatestheyearoforiginaladoptionor,inthecaseofrevision,theyearoflastrevision.Anumberinparenthesesindicatestheyearoflastreapproval.Asuperscriptepsilon(´)indicatesaneditorialchangesincethelastrevisionorreapproval.1.Scope1.1Purpose—Thepurposeofthisdocumentistoprovideastandardguideforgoodcommercialandcustomarypracticeinestimatingcostsandliabilitiesforenvironmentalmatters.2Manypossibleusesforestimatesofcostsandliabilitiesforenvironmentalmattersexist,includingbutnotlimitedtobusinessdecisionmakingandportfoliooptimization,duediligenceandcommunicationsinvolvingacquisitionsanddivestitures,regulatoryrequirements,third-partylawsuits,in-surancepremiumcalculationandclaimsettlement,changeofpropertyuse,revitalization,complianceplanning,constructionandprojectcontrol,analysisofremedialalternatives,budgeting,strategicplanning,auditdefense,financing,andinvestmentanalysisbyshareholders.Theuseofestimatedcostsandliabilitiesdevelopedinaccordancewiththisstandardmaybesubjecttootherstandardsapplicabletothematterinvolved.Forexample,itisnotintendedtosupersedeaccount-ingandactuarialstandards.Thisstandarddoesnotaddresstheestablishmentofreservesordisclosurerequirements.1.2Objectives—Theobjectiveofthisstandardistoprovideguidanceonapproachesforestimatingcostsandliabilitiesforenvironmentalmatters.1.3Thisinternationalstandardwasdevelopedinaccor-dancewithinternationallyrecognizedprinciplesonstandard-izationestablishedintheDecisiononPrinciplesfortheDevelopmentofInternationalStandards,GuidesandRecom-mendationsissuedbytheWorldTradeOrganizationTechnicalBarrierstoTrade(TBT)Committee.2.ReferencedDocuments3,42.1ASTMStandards:E1527PracticeforEnvironmentalSiteAssessments:PhaseIEnvironmentalSiteAssessmentProcessE1739GuideforRisk-BasedCorrectiveActionAppliedatPetroleumReleaseSitesE2081GuideforRisk-BasedCorrectiveActio...
