Value Achieved in Environmental, Health & Safety Management
Executive SummaryUnderstanding and managing risk in today’s environment requires a new paradigm in managing the interconnections and relationships of EH&S risk and compliance. EH&S executives need to stay on top of their game by monitoring risk to their organization both internally (e.g., operations, processes, systems, and data) and externally (e.g., threat, competitive, legal, and geographic environments) to stay competitive in today’s economy, and lead the organization in GRC management. Organizations must understand risk and make risk-informed business decisions to effectively manage risk across the enterprise, which is enabled through intuitive and easy to use technology that makes EH&S more efficient, effective, and agile in the organization. Transnet Engineering (TE) is a subsidiary and an Advanced Manufacturing Division of Transnet SOC Ltd that designs, manufactures, supplies and remanufactures rolling stock in South Africa and beyond its borders. Transnet Engineering (TE) provides in-service maintenance, repair, upgrade, conversion, manufacture, and upgrade of locomotives, wagons, coaches, rolling stock components and associated transport equipment. The state of EH&S affairs at Transnet Engineering was a distributed maze of approaches. Different depots and Factories were left to themselves to develop their own approaches to EH&S processes, and in that context to ISO 14001 and OHSAS 18001 compliance. Transnet Engineering, under the leadership of the Divisional Executive of Compliance and Regulatory Affairs, determined they needed to standardize and automate the company’s EH&S processes. They decided to look for an intuitive and agile EH&S solution. After evaluating solutions available in the market they chose IsoMetrix. GRC 20/20 has evaluated and verified the implementation of IsoMetrix at Transnet Engineering, and confirms that this implementation has achieved measurable value across the elements of GRC efficiency, effectiveness, and agility. In this context, GRC 20/20 has recognized Transnet Engineering and IsoMetrix with a 2019 GRC Value Award in the domain of EH&S Management.
Table of Contents
- Inevitable Failure: Managing EH&S in Manual Processes & Silos
- Transnet Engineering
- Value Achieved in Environmental, Health & Safety Management
- The Challenge Transnet Engineering Faced
- Solution to Transnet Engineering’s Problem
- Transnet Engineering Achieved Value in GRC Efficiency, Effectiveness, and Agility
- GRC Efficiency Value
- GRC Effectiveness Value
- GRC Agility Value
- GRC 20/20’S Final Perspective
- About GRC 20/20 Research, LLC
- Research Methodology
AuthorMichael Rasmussen – The GRC Pundit @ GRC 20/20 Research, Michael Rasmussen is an internationally recognized pundit on governance, risk management, and compliance (GRC) – with specific expertise on the topics of GRC strategy, process, information, and technology architectures and solutions. With 23+ years of experience, Michael helps organizations improve GRC processes, design and implement GRC architectures, and select solutions that are effective, efficient, and agile. He is a sought-after keynote speaker, author, and advisor and is noted as the “Father of GRC” — being the first to define and model the GRC market in February 2002 while at Forrester Research, Inc.
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