Regulatory compliance is a top priority for CEOs and Environment, Health, Safety (EHS) and Sustainability professionals across all sectors, including the most highly regulated ones such as energy and utility.
The energy and utility industries, for example, have undergone a significant shift in recent years, and continue to command increased attention from regulators, the public and investors.
So it's not surprising that compliance and regulation are emerging as the number one risk for energy and utility businesses, along with ensuring sustainability and resiliency, according to EY's Business Pulse report and Deloitte's industry outlook. The same also goes for other high-risk sectors.
Poor compliance with regulations continues to see organizations fined for failing to meet operating conditions. For example, six utility and network rail companies were fined thousands of dollars for non-complying with Scottish road works legislation in the UK. These fines might seem small, but the reputational damage is costly and irredeemable for the organizations and their leaders. Leaving compliance to a legal team to continually review regulatory changes can be expensive and time-consuming.
The question, therefore, is how do you ensure accountability and compliance with complex and ever-changing regulatory requirements in an efficient and cost-effective way?
In this 30-minute Tech-in-Action webinar, we demonstrate how your EHS function can:
- Access up-to-date EHS regulatory information in a simple and easy to understand format
- Create action plans to drive accountability
- Monitor compliance against regulatory requirements
- Report on compliance status and identify areas of concern
- Stay on top of regulatory changes that impact EHS operations with minimum effort
Please register to watch this webinar on-demand: