CSRD and SEC Reporting Requirements: What’s New for 2024 and Beyond

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ESG reporting requirements are becoming a critical component of corporate strategy for organizations around the world, particularly in the United States and the European Union. With the Corporate Sustainability Reporting Directive (CSRD) about to come into force in the EU and new rules from the Securities and Exchange Commission arriving soon, ESG reporting has quickly moved from a voluntary activity designed to enhance the brand to a vital requirement for compliance. 

This article will look at the background of the ESG reporting requirements from CSRD and the SEC, the obligations different organizations will have to each and how the world of ESG risk is rapidly changing.

CSRD (Corporate Sustainability Reporting Directive)

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Enhanced Compliance: OSHA’s 2024 Updates to 300 and 301 Forms for Accurate Safety Reporting

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Two EHS professionals considering health and safety data

The Occupational Safety and Health Administration (OSHA) has amended the regulation 29 CFR part 1904 for occupational injury and illness record keeping. Under the amended regulation, organizations in certain industries with more than 100 employees must now electronically submit Form 300-Log of Work-Related Injuries and Illnesses and Form 301-Injury and Illness Incident Reporting once a year. This rule becomes effective on January 1, 2024. 

Organizations will also be required to submit the company name when submitting Form 300 and Form 301 data. OSHA intends to publish some of the data on its public website, as it believes the information will promote informed decision making for employers, workers and customers relating to the organization’s safety record. OSHA believes this approach will provide incentive for organizations to increase their efforts to reduce injuries and illnesses. It is important to note that OSHA will not post information that could reasonably identify individuals … Read more...

Workplace Accident Rates Still Aren’t Low Enough: What You Can Do To Reduce Fatal and Nonfatal Injuries

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Workplace accident rates across the United States have been in decline for many years as a result of the dedication of health and safety professionals. However, those rates seem to have bottomed out over the last few years, stubbornly refusing to move any lower. This blog looks at those areas that have the highest rates of workplace accidents and what you can do to improve safety in your organization.

Workplace Accident Rates Still Aren't Low Enough: What You Can Do To Reduce Fatal and Nonfatal Injuries

Highlights

The Role of Data and Leading Indicators
The Role of the Frontline Worker
Takeaways: What You Can Do To Reduce Workplace Accidents
How Intelex Can Help

Today’s U.S. workplaces are safer than they’ve ever been. Thanks to the tireless work of safety professionals creating strong safety cultures supported by cutting-edge technology, fatal and nonfatal workplace accidents have declined drastically over the last few decades. In addition, strong enforcement actions from regulatory agencies like the Occupational Safety and Health Administration (OSHA) … Read more...

Understanding ESG Materiality: From Definition to Implementation

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Materiality is an important concept in ESG. However, many organizations struggle to understand what it means, how it relates to their business and how to act on it. This article will look at what materiality is and what you need to do to incorporate it into your ESG Strategy.

graphic of three people standing in front of windmills, buildings and the world.

Highlights

What is ESG Materiality?
What Are the Different Types of Materiality?
What Are the Common Material Topics in Different Industries?
Is Materiality the Same in Different Industries?
Are Materiality Assessments Mandatory?
How Does a Materiality Assessment Benefit Decision Making?
How Do I Conduct a Materiality Assessment?
How Can Technology Help with Materiality?
Conclusion

What is ESG Materiality? 

In the last few years, ESG has moved from a nice-to-have element of CSR (Corporate Social Responsibility) programs to a critical component of corporate strategy. With mandatory requirements from the SEC (Securities and Exchange Commission) in the United States and CSRD (Corporate … Read more...

What is ISO 45001 and How Can Your Organization Benefit From It?

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ISO 45001:2018 is the international standard for occupational health and safety management systems (OH&S). Its purpose is to provide the requirements for organizations looking to assess conformity of an existing OH&S management system, to create a new one or to integrate one into another existing management system. It defines the responsibilities for protecting the physical and mental health and safety for workers and anyone else affected by the activities of the organization.

What is ISO 45001? Intelex blog article

Highlights

What is a Management System?
What Are the Benefits of ISO 45001:2018?
Fundamental Elements of ISO 45001:2018
– Key Success Factors
– Plan-Do-Check-Act
– Risk-Based Thinking
– High-Level Structure
How Can Technology Enhance ISO 45001:2018?

What is a Management System?

A management system is not a software application. According to ISO, a management system is “a set of interrelated or interacting elements of an organization to establish policies and objectives, and processes to achieve those objectives.” … Read more...

Intelex EMEA User Conference – Closing Day Summary

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Day 2 of the Intelex EMEA User Conference in London ended with more great discussions and insights from our customers, partners and Intelex experts. To catch up on the Day 1 proceedings, be sure to read our summary blog here.

For those of you who didn’t make it to London to catch up with us, here are a few items we explored on the final day of the conference.

AI and the Future of Safety

AI is dramatically changing the way we work. With more data from frontline safety inspections and observations pouring into our management systems, AI is going to play a critical role in analyzing it to identify leading indicators and prevent incidents before they happen.

Scott Gaddis presents how technology can help create a great safety culture. 

One of the most significant contributions AI can make is eliminating the variables in observations and incident data. While … Read more...

Intelex EMEA User Conference – Day 1 Summary 

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Big ideas, engaging discussions and deep customer insights: that was the agenda for the first day of the Intelex EMEA User Conference in London. With a packed house of customers and partners, we dug into the big topics like safety culture, the increasing demands of ESG compliance and the role of cutting-edge technology in making the world a safer and more sustainable place. Here are three important themes that came out of Day 1.

Intelex President Melissa Hammerle kicked out the EMEA User Conference with an inspiring welcome message about our vision to make the world a safer and more sustainable place.
Intelex President Melissa Hammerle kicked out the EMEA User Conference with an inspiring welcome message about our vision to make the world a safer and more sustainable place. 

We all love big data, but it’s not easy

Data might be the most commonly used word in the world today, or maybe it just seems that way. Everyone is talking about the power of data to identify trends, produce leading indicators or reveal hidden insights. Data can … Read more...

How Intelex’s New ESG Product Experience Can Help Reduce Your ESG Data Complexity

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Introduction

Just a few years ago, ESG (Environmental, Social and Governance) was more an aspirational goal than it was a source of risk or strategic concern. Many organizations would issue sustainability reports to let the market know they took concerns about climate change and the environment seriously. Others would submit environmental data to voluntary frameworks to improve their brand and benchmark their CSR (Corporate Social Responsibility) efforts against their competitors.

Today, the world is very different. ESG has quickly moved from marketing campaigns to a serious legislative and regulatory obligation with significant consequences for corporate reporting and data management. Two recent developments demonstrate the serious nature of these obligations.

The Corporate Sustainability Reporting Directive (CSRD) came into force in January 2023. While the EU (European Union) is the primary focus of the directive, any global organization that operates in the EU or has a supply chain that includes the EU … Read more...

Continuous Improvement and Fall Prevention: Using the Hierarchy of Controls to Prevent Slips, Trips and Falls

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In Part III of our blog series during National Safety Stand-Down to Prevent Falls in Construction, Scott Gaddis looks at using the Hierarchy of Controls to promote a proactive safety approach to preventing falls in the workplace.

Employing the Hierarchy of Controls

Understanding control and how best to manage your walking and working surfaces program are more significant than the outputs of the risk assessment process. The process defines good control actions specific to hazards and risks, but it is not the only process that can be used. While I’m a firm believer in the risk matrix and scoring approach, I also would recommend the widely accepted approach within the safety and health practice called the hierarchy of controls. This process is simple to understand and is quite useful in gauging the control appetite of the organization. It should serve as the overarching methodology for how we best deliver the … Read more...

Fall Prevention Strategies: How Risk Management Can Prevent Slips, Trips and Falls

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In Part I of this blog, Scott Gaddis looked at how falls in the workplace happen and the impact they can have on workers. In Part II, Scott examines the role of risk assessments in preventing falls from happening in the first place.

Risk Assessment

The objective of risk assessment and analysis is to understand the level of risk associated with the hazards found in the work environment as well as the concerns related to how people are navigating walking and working surfaces. All associated activities need to be judged with criteria that assist in building a credible understanding of what is acceptable or not acceptable.

Most regulatory bodies require some form of risk assessment and all follow a similar template:

  • Identify risks to the worker associated with work activity.
  • Identity hazards found in the work environment that pose a threat of loss.
  • Provide details of identified risks or hazards
… Read more...