Over the last century, globalization has driven a 4000% increase in international trade and prompted a rapid rise in the number of multinational (MNC) and transnational (TNC) corporations operating around the world. But companies operating in multiple countries must comply with rapidly changing local environment, health and safety (EHS) regulations such as OSHA in the U.S., the “Framework Directive” in the EU and JICOSH in Japan. In 2018, Enhesa covered 4,222 EHS regulatory developments from over 40 countries and 275 jurisdictions globally, an increase of 20% from 2017.
The short- and long-term costs (shut-downs, fines, litigation and tarnished brand) of non-compliance can be staggering. A recent Enhesa benchmarking survey of corporate EHS Executives found that:
- 74 percent had incurred an enforcement action in the last five years
- Two-thirds of the respondents had been issued regulatory fines up to $100k due to recent non-compliance. An additional 10 percent experienced fines in