As Ernst & Young reports in The Top 10 Risks for Business, 2010, “Regulation and compliance are the number 1 risk factors for businesses.” Despite the importance and inherent risk, many companies are addressing regulatory demands with a reactive, tactical approach.
The Value of Public Perception: Transforming Environmental Efforts From Compliance Driven to Risk Management
This white paper highlights the need for the role of environmental management to transform from simply meeting compliance requirements to pervasive risk management. By examining how environmental efforts create risks for businesses – and how executives can calculate those risks to make informed business decisions based on that information – this white paper helps companies better understand how to manage their risks through environmental impact.
Compliance with EH&S regulations is essential to mitigating risk, avoiding fines, and preventing legal action. Many organizations today suffer from manual processes, costly legal consultations, excessive compliance violations, and even buy unnecessary maintenance equipment to store and dispose of toxic waste.