Regulatory Compliance and Risk Management: Relevancy of Both in Environmental, Health, and Safety (EH&S) Management Programs

In an ongoing effort to maximize resources, companies are emphasizing and designing programs around the concept of environmental, health and safety (EH&S) risk management.  Risk management systems can allow for more inclusive program ownership, comprehensive program design and implementation, and innovative monitoring activities focused on risk avoidance and reduction.  However, by incorporating a risk management strategy, the role of regulatory compliance in the EH&S program may become diminished.  Management may accept noncompliance, overlooking the fundamental duty to comply.  The primary objective of this technical session is to explore the importance of both regulatory compliance and risk management in EH&S program design, implementation and monitoring through the use of industry examples and the sharing of concepts identified through global auditing activities.