• Leadership Update

Open Season Begins for SREA Reports

This year's "Open Season" for ordering SREA reports began Monday, April 2, 2018, and will last until May 15, 2018.

Don’t miss out on the opportunity to order your 2018 SREA reports. Taking reasonable care will help protect your business from Superfund liability.

The Superfund Recycling Equity Act ("SREA") helps to protect scrap processors and brokers from liability if their consumers' facilities become a Superfund site. However, SREA requires recyclers to take certain affirmative actions to qualify for the SREA defense—one component is conducting due diligence on the environmental compliance of your consumers' facilities.

ISRI makes it easier for members to get part of the reasonable care due diligence required for the SREA defense through its member-only SREA Reasonable Care Compliance Program. ISRI utilizes the environmental expertise of KERAMIDA utilizing regulatory environmental databases to provide members with affordable reports on the environmental compliance of consuming facilities. These reports include publicly available, comprehensive environmental compliance information compiled from more than 1,200 federal, state, and local databases; FOIA requests; and facility questionnaires. It also includes supporting back-up data for the information in the report. KERAMIDA is an environmental consulting firm with 30 years of expertise in conducting environmental due diligence, access to numerous federal, state and local regulatory databases, and experience interpreting environmental regulations and site-specific records.

While the retail value of these reports exceeds $1,000 each, in 2018, during the SREA Program’s “Open Season,” ISRI is offering members the opportunity to receive the reports for only $40 each! Unlike past years’ practices the payment of $40 will be made at the time the report. Reports after the close of the Open Season” will cost members $300 per report. Non-consuming facilities are not covered by the SREA law; and therefore if a member requests a report on a location that does not process scrap, the member will be charged the full cost of the report ($300).

ISRI has consulted with numerous environmental consultants, legal professionals, and the ISRI Board to try and determine what would be reasonable for the court to require you make inquiry at least every 12 months. As such, it is essential for you to request updated SREA reports annually.

Beginning April 2, you may visit the ISRI Website to process your orders.

For assistance or more information, contact Elnaz Torabian (202) 662-8511 with questions. 

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