Lifecycle compliance 1.01


Courtesy of Verisk 3E

With regulations increasing in number, scope,and complexity, managing the information associatedwith environmental health and safety(EH&S) compliance has become a complex,time-consuming, resource-draining and oftenexpensive task. Environmental compliancerequirements often dwarf those of Sarbanes-Oxley Act (SOX) in their breadth and sheer complexity.Because of the complexity of the requirements– and because of the financial and humancost of non-compliance – more and more companiesare shifting their focus from Sarbanes-Oxleycompliance to EH&S compliance.

Recent incidents involving hazardous materialsand security have also resulted in the USDepartment of Transportation (DOT) andFederal Aviation Administration (FAA) increasingtheir regulation of the packaging, shipping andhandling of hazardous materials. TheOccupational Safety and Health Administration(OSHA) and the Environmental ProtectionAgency (EPA) also enforce cross-industry regulationsrelated to hazardous materials. There isclearly a strong trend toward expanding andstrictly enforcing environmental regulations.

While in the past EH&S compliance performancemanagement or enterprise risk managementprogrammes have been geared towardsdelivering continuous improvement in performanceand/or reducing risk, we now notice thatcompanies that want to deliver sustainable ongoingimprovements in compliance and in risk associatedwith handling chemicals are better servedby taking a full-lifecycle approach to understandingand managing chemical product compliance.

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