NORTHAMPTON MA / ACCESSWIRE / Dec 19, 2022 / As citizens and governments around the world push for more transparency and accountability from corporations, it has become increasingly important to understand the role of EHS management in business.
EHS professionals today are responsible for a variety of compliance, training and risk-management tasks. Their work can make a big impact on an organization’s ability to save money.
Let’s see how EHS audits could help your company achieve these results.
Typically, the goal of your EHS program in your company is twofold.
Compliance with industry and government regulations
Assuring safety, well-being and security for employees and surrounding communities.
These goals can only be achieved if your EHS team has a solid understanding of your organization’s health, safety, and environmental practices.
EHS audits can be conducted independently or by a third party to establish a baseline. The audit data can be used to verify compliance, make changes, and improve processes.
8 Reasons for an EHS Audit
To ensure compliance with industry standards and regulations, proactive audits of EHS behavior and protocols in your organization should be performed annually. If your industry uses hazardous materials or machinery, frequent audits might be required.
Here are some reasons your business should consider an EHS audit.
1. Local Compliance
To operate a business or facility within a country’s borders, it is essential to comply with local regulations.
It can be challenging for businesses that have multiple facilities to keep up with the changing regulations because there are many jurisdictions in the United States and around the world. EHS audit service providers can help you evaluate compliance at each site.
Compliance can be maintained through proactive EHS Audits that ensure compliance with local regulations. This will help you avoid costly fines or work interruptions.
2. Certification required
Specific certifications are required to obtain operational licenses, memberships to industry associations, and inspire confidence in investors. Regular EHS audits are a good way to check that you’re meeting the certification requirements.
Your annual strategy should include the International Organization for Standardization check if your company has been certified or is planning to become certified.
These certifications will help you stand out from the rest when companies evaluate their supply chain for ESG (environmental. social. governance) ratings.
3. Financing requirement
Financial capital is required for rapid growth, especially in new markets.
EHS compliance may be required by certain banks when you apply for financing.
For financial institutions to remain in good standing, the International Finance Corporation of the World Bank Group (IFC), requires compliance with specific EHS guidelines.
4. Validating risk assessment instruments
You may need to validate the EHS protocols and safeguards in place within your company. Your risk assessments could be one of them. Audits will allow you to assess the effectiveness of your tools, and help you calibrate or validate them to make sure they are effective.
5. Risk prevention
An EHS audit can offer the greatest opportunity for prevention and hazard identification.
Your organization can identify areas of concern and take steps to reduce those risks before something serious happens. Audits can be facilitated by having different people take part. This will allow you to identify potential new risks.
6. Improved morale of the workforce
If your employees see you taking proactive steps to ensure their safety and health, productivity will improve.
EHS Today and KPA found that organizations cited two main reasons for conducting EHS audits: to increase worker safety and morale.
7. Get better insurance rates
High-risk businesses have greater overhead when it comes to the insurance they need. For a reduction in that cost, companies can leverage their EHS audits as well as their history of compliance to get better rates.
You may be eligible to receive reduced rates for being claim-free at the renewal. Regular EHS audits will help you identify hazards and prevent them from becoming a claim.
8. Profitability increases
Many financial advantages accrue to businesses with excellent EHS records over their competition.
Stronger recruitment. Employers are more likely to consider your company attractive if they have a history of worker safety and environmental accountability.
There are fewer claims and assessments. Organizations can save a lot of money by remaining compliant and avoiding claims.
Productivity. Employee productivity will increase.
Attractive asset. Investors will notice you if you have a flawless performance record.
Inogen Alliance is an international network that includes a number of local businesses as well as over 5,000 consultants from around the globe who can help your project succeed. Our Associates work closely together to support multinational corporations, government agencies and non-profit organizations. We share industry knowledge to ensure that our clients receive the best possible service. You can learn more about Inogen Alliance by visiting our Associates or Contact Us. Watch for more News & Blog updates here and follow us on LinkedIn.
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SOURCE: Inogen Alliance