EHS risk management in the industrial setting should be of significant concern to all stakeholders, including employees, shareholders, customers, and surrounding communities.
Responsibility of Industrial Companies
Companies in the industrial sector therefore have a special responsibility to ensure that their activities are carried out in a safe and responsible manner. It is important for companies to take a proactive approach to EHS risk management, rather than a reactive approach.
Proactive vs. Reactive Approach in EHS Risk Management
This means that they should identify and assess potential risks early on and put in place preventive measures to reduce risks before they occur.
Transparency and Communication on EHS Risks
Companies must also be transparent about their EHS risk management. Stakeholders have the right to know what risks exist and what measures are in place to prevent or mitigate them.
The Crucial Role of Continuous Monitoring
Clear and open communication about EHS risk management can build stakeholder trust and improve company reputation.
EHS Risk Management for Long-term Sustainability
Finally, EHS risk management is an ongoing process. Companies should regularly monitor the risks and preventive measures in place to ensure that they are effective and that they are still relevant to the needs of the company.
Overall, EHS risk management in the industrial setting is essential to protect workers, surrounding communities, and the environment, while contributing to the long-term sustainability of the company.
Anticipating Future Impacts and Adaptation
Finally, it is time to anticipate the effects of the scarcity of certain resources, climate disruptions which will soon have an even greater impact on activities.
The Contribution of External Auditors in Risk Management
The hindsight of an external auditor can help you identify or reassess certain risks in order to prevent the consequences of accidents and incidents; it can also help you anticipate the impacts of ongoing changes and improve your resilience.