EHS Compliance: Seeing more of the invisible hand.
Joelle Jordan
It is encouraging that Environmental, Health, and Safety (EHS) performance is becoming a key criterion for doing business. Superior organizations want to minimize risk by working with value chain partners that do likewise. And the thinking is that EHS performance is one of the reliable indicators of a potential partner’s overall risk profile.
Compliance with EHS legal obligations is considered by many organizations a baseline requirement of EHS performance. These organizations typically require potential vendors to prove their EHS chops during tender and contract development. This healthy process essentially represents market enforcement of EHS legal obligations, an invisible hand softer and more efficient than the long arm of agency inspection.
It is our experience that the invisible hand’s role in EHS compliance enforcement needs some strengthening. Understandably, most organizations want to get on with business, but this can lead to cutting corners on assessment of vendor EHS performance and underestimation of risk.
So, how can an organization efficiently vet EHS compliance performance without becoming heavy handed?
In our management systems and compliance assessment work, Verasiti uses an efficient model (Barbell Model) for auditing EHS performance in the value chain. The model efficiently looks at all applicable functions of an organization to better assess vendor risk.
Verasiti helps organizations of all types and sizes efficiently meet their EHS compliance obligations.