Fintech PR
UK Workplace Safety Risks Are Far Too High
New Global Benchmarking Research Shows Lack of EHS Maturity and Future-Readiness
SYDNEY and FRISCO, Texas, Dec. 18, 2023 /PRNewswire/ — As the working year draws to a close, new research shows 97% of workplaces in the United Kingdom are still too vulnerable to health and safety risks. Of those 8.7% are exposed to unacceptably high levels of risk.
Only 3% of organisations believe they are ready to manage their environmental health and safety (EHS) risks. This is despite increasing advocacy for zero risk in the workplace.
The research shows a central problem is the ability to capture vital data, and then action that data in time to prevent or respond to an incident or crisis. The research included more than 1,000 EHS professionals across 20 industries worldwide and was undertaken by independent analyst firm Focus Networks.
A staggering 68% of EHS leaders do not have confidence in the quality and quantity of data being captured. (See key findings below.) This is not to say EHS professionals are not keeping their workers safe, but that they believe processes could be made much better.
‘Behavioural economics tells us that executives are overconfident when assessing an organization’s ability to respond to future events. And we also know that one of the best antidotes for overconfidence is objective data. A 68% no-confidence vote by EHS professionals is very objective and very telling’, said Andrew Milroy, author of the report and lead researcher at Focus Networks, the firm HSI commissioned to undertake the survey.
‘As much as we’d like to think otherwise, risk management is in its adolescence. And ineffective or faulty evaluation of risk likelihood and severity can be extremely serious in EHS, just as it is in cybersecurity,’ said, Jose Arcilla, President & Chief Operations Officer, HSI, the company that commissioned the research.
‘From a risk perspective, we can’t keep thinking “if this happens”, but rather “when this happens”. And, if you’re not prepared to answer the “when” question, you either have a healthy appetite for risk or are extremely complacent. Neither are good,’ Arcilla added.
EHS maturity varies across industries. For example, healthcare and construction both have high risk levels, but their maturity is quite different. Healthcare has a maturity score of 63.6 out of 100 and is the best-performing industry. By contrast, the construction industry scored only 49.3 for maturity out of a possible 100, effectively a fail.
In response to the research being presented at the World Congress on Health and Safety in Sydney Australia, the Assistant Secretary of the Australian Council of Trade Unions (ACTU), Liam O’Brien said, ‘All working people should have the right to a safe workplace, but the HSI Donesafe research confirms the lack of health and safety capability is all too common in Australia. A key shortcoming is the failure by some businesses to consult and involve workers and their representatives in the design of their health and safety systems, despite workers being the ones who actually perform the work and understand its risks.
‘ACTU research last year supports these new findings, with 20-25 percent of workers saying that employers did not consult or involve them in decision-making about their own health and safety – that has to change.’
But there is good news.
‘There are a small number of big factors that make a difference,’ said Milroy.
‘First, many organisations are in a complexity blizzard. They can barely see the terrain they are on. This is because there are too many disconnected systems.
‘Safety data is typically time-sensitive and too many organisations cannot action data in time. Often people don’t even know where or how to report an issue. So, a simple, integrated system solves many problems,’ Milroy said.
The research also found that most organisations approached health and safety in terms of compliance, rather than as a part of risk management or as an investment in people and culture.
‘Compliance is a grudge purchase. So, it is no wonder people are not engaging with safety systems and don’t adopt better practices. The leadership team needs to change the narrative on health and safety, so it becomes part of the vision,’ Milroy said.
The research shows that best-practice organisations that have integrated technology and data dramatically reduce complexity. They also focus on the safety of the whole person, which goes beyond physical risks to include psychosocial factors such as anxiety and bullying, as well as cybersecurity and privacy.
‘Yes, technology has developed in leaps and bounds, especially in our ability to integrate and use data in real time, but ultimately this is a leadership matter. It is about risk management and corporate culture. It is about the organisation you want to be, not compliance, and if you don’t understand that you will fall further behind,’ said Jose Arcilla.
The Report was prepared by Focus Networks and commissioned by HSI.
A copy of the report can be found here.
Key Findings for Decision Makers
Compliance and engagement
75.8% of organizations are compliance-focused and struggle to engage their people
67.1% of organizations are simply ‘operational’ with limited digitisation
88.3% of organizations are vulnerable, in one way or another to risk, and falling behind in their EHS processes
70% of EHS leaders are saddled with multiple point solutions versus a multi-solution platform, increasing their lack of data integrity
68% of leaders report gaps in the security and privacy capabilities of their EHS process
Gaining executive support is the leading concern with implementing a new EHS platform
Reducing workplace incidents and injuries is the leading expected outcome of a new EHS platform, followed by the desire to reduce time spent on administrative tasks
An increasing number of respondents, 57%, are focused on consolidating vendors and costs
A major challenge for immature organizations is effectively engaging their staff and workforce on EHS issues.
Lack of connectivity
In terms of connectivity, 47% of participants cited disparate systems as a major capability gap.
The relationship between complexity and technology is misunderstood
State-of-the-art technology can dramatically simplify data collection, analysis and action, yet far too few organizations understand this relationship, instead preferring to keep adding stand-alone technology that is difficult to integrate.
Contemporary and emerging technologies will improve EHS readiness but, so far, only the most mature organizations understand this potential and have acted on it.
Largest capability gaps
The four biggest gaps overall are:
- Lack of engagement with staff and workforce
- Lack of integrated data that can be actioned in real time
- Low or non-existent resources allocated to psychosocial and mental health challenges
- Security and privacy issues
Risk Level and EHS Maturity by Industry
Industry |
Risk |
Maturity Level |
Maturity |
Oil and gas |
Very high |
Operational |
57.3 |
Mining and metals |
Very high |
Operational |
56.4 |
Healthcare |
High |
Progressive |
63.6 |
Utilities |
High |
Progressive |
61.1 |
Construction |
High |
Foundational |
49.3 |
Transport and logistics |
High |
Operational |
52.9 |
Agriculture |
High |
Operational |
51.1 |
Manufacturing |
Medium |
Operational |
56.6 |
Automotive |
Medium |
Operational |
56.7 |
Retail |
Medium |
Operational |
59.7 |
Government |
Low |
Progressive |
61.2 |
Education |
Low |
Operational |
58.2 |
Methodology
In the second half of 2023, Focus Network, in collaboration with HSI, conducted 1,013 interviews and surveys of EHS decision-makers across the globe, distributed across more than 20 industries. Respondents were asked a series of questions relating to each component of the EHS function. Responses to these questions were then used to determine maturity for each component. A number of categories were determined for overall mean maturity scores in terms of readiness and in terms of risk.
Global breakdown of responses: 37% North America, 29% ANZ, 26% UK, 7% Other Countries
Organisation size: 41% greater than 1,000 total employees, 59% lower than 1,000 total employees
About HSI Donesafe
HSI Donesafe, a global integrated EHSQ and ESG software leader, has redefined how modern workplaces realize safer, smarter and more sustainable ways of working. Donesafe is an advanced cloud-native platform for achieving universal regulatory compliance, risk management and data reporting.
Built with next-generation no-code technology, the Donesafe platform boasts 50+ adaptive modules. This unmatched configurability empowers clients to effortlessly co-design their own modules with drag-and-drop ease, unlocking a world of possibilities, all managed within a single source platform.
Used by over 3 million people globally, the Donesafe platform is trusted by the world’s largest organizations, including governments, for its next-level security , privacy, and authentication standards. It delivers a world-class suite of enterprise support services, integration connectivities, and business intelligence (BI) reporting capabilities, designed to keep future-ready workplaces adapting at pace.
For more information, visit: https://www.donesafe.com.
HSI Donesafe is a division of HSI, a global single-source partner for EHS, ESG, training, compliance and professional development solutions with over 40 years of experience supporting enterprises, including many Fortune 500 companies, spanning 22,000 customers across 71 countries.
For more information, visit: https://www.hsi.com.
View original content:https://www.prnewswire.co.uk/news-releases/uk-workplace-safety-risks-are-far-too-high-302017454.html
Fintech PR
President Emmerson Mnangagwa met this week with Zambia’s former Vice President and Special Envoy Enoch Kavindele to discuss SADC’s candidate for the AfDB
President Mnangagwa, who is SADC Chairperson, reaffirmed his own country’s and SADC’s enthusiastic support for Zambian candidate Sam Maimbo
LUSAKA, Zambia, Dec. 20, 2024 /PRNewswire/ — Special Envoy Kavindele released the following statement following the meeting:
“I am elated to witness the growing success and momentum of Sam Maimbo’s candidacy to become the next President of the African Development Bank. I am filled with gratitude to our friends across both SADC and COMESA for their continued support and good wishes.
Sam has garnered such wide consensus due to his being uniquely qualified to deliver the transformative change and empowerment our continent needs. Sam’s 30 years in development work is defined by driving outcomes, improving processes, and investing in people. The AfDB needs a hands-on leader who is laser focused on delivering results and who is unafraid of making tough decisions in order to best serve our continent. Sam is that leader. Sam has the track record and experience to drastically enhance the pace, scale, and impact of the Bank’s work in service of the people and governments of Africa.
Our region has a proud history of supporting fellow Southern Africans. For example, we all recall Lusaka’s role in hosting the African National Congress’ headquarters during the dark days of Apartheid oppression.
It therefore gives me no pleasure to observe my South African brothers, who have themselves leant on Zambia’s steadfast friendship over many decades, fail to rally behind both SADC and COMESA’s chosen candidate for the AfDB. Africa’s urgent economic development challenges demand transformational leadership at the AfDB, it is all of our responsibility to put forward the best candidate for the job. This is not the time or place for a government to act with narrow self-interest, we all must act in the continent’s and AfDB’s best interest.
I thank Sam Maimbo for his lifelong service to our entire continent, and I am eager to witness his enormous impact as President of the AfDB.”
Fintech PR
Stay Cyber Safe This Holiday Season: Heimdal’s Checklist for Business Security
LONDON, Dec. 20, 2024 /PRNewswire/ — Heimdal Security shares a practical holiday cybersecurity checklist, offering expert insights to help businesses safeguard against cyber threats this festive season.
With reduced staffing, remote work setups, and a surge in online shopping creating heightened vulnerabilities, this guide offers actionable tips to enhance business security.
Going beyond basic advice, the checklist also highlights the most common holiday scams and features videos showcasing real-life examples of Christmas-themed cyber scams and effective prevention strategies.
Key Tips to Protect Businesses This Holiday Season:
- Strengthen endpoints: Ensure devices are updated with antivirus and endpoint protection software; consider Endpoint Detection and Response (EDR) and application whitelisting.
- Prepare for phishing spikes: Train staff to identify suspicious emails, enforce robust email filters, and establish protocols for reporting unusual activity.
- Secure remote access: Mandate VPN usage, monitor unusual logins, and deactivate inactive accounts temporarily.
- Segment and shield networks: Isolate sensitive areas, deploy DNS security and advanced firewalls, and maintain full visibility over network traffic.
- Apply timely patches: Regularly update all systems and test patches in a controlled environment to minimize disruptions.
- Mitigate supply chain risks: Assess vendors thoroughly and limit their access to essential systems.
- Have a response plan ready: Tailor incident protocols for the holidays, create an on-call rotation for the IT team, and enable rapid action against suspicious activity.
“ Cybercriminals thrive on holiday distractions, but with proactive measures like phishing training, secure endpoints, and network segmentation, businesses can stay ahead of potential threats,” said Alex Panait, System Administrator at Heimdal Security.
Common Holiday Scams That Businesses Should Watch For:
Cybercriminals often tailor their tactics to exploit the festive season. The most common scams include:
- Spear phishing: Emails disguised as holiday bonuses or event invitations that steal credentials or spread malware.
- Malicious holiday E-Cards: Festive greetings that contain links deploying ransomware or spyware.
- Fake E-Commerce sites: Fraudulent websites offering discounts to steal payment information.
- Insider threats: Distracted or disgruntled employees mishandling or exploiting sensitive data.
- Corporate travel scams: Fake booking platforms targeting business travelers.
- Business email compromise (BEC): Fraudulent requests for urgent wire transfers during year-end financial rushes.
For more, read the full article here or watch the video on YouTube to see how these threats unfold and learn actionable prevention strategies.
About Heimdal:
Established in Copenhagen in 2014, Heimdal® empowers CISOs, security teams, and IT administrators to improve their security operations, reduce alert fatigue, and implement proactive measures through a unified command and control platform.
Heimdal’s award-winning cybersecurity solutions span the entire IT estate, addressing challenges from endpoint to network levels, including vulnerability management, privileged access, Zero Trust implementation, and ransomware prevention.
For further press information:
Madalina Popovici
Media Relations Manager
[email protected]
View original content:https://www.prnewswire.co.uk/news-releases/stay-cyber-safe-this-holiday-season-heimdals-checklist-for-business-security-302337465.html
Fintech PR
According to Tickmill survey, 3 in 10 Britons in economic difficulty: Purchasing power down 41% since 2004
The people who have the most problems are women (30%) and are between 35 and 49 years old (39%)
ROME, Dec. 20, 2024 /PRNewswire/ — The purchasing power in the UK has dropped by 41% over the last 20 years. Today, £100,000 left in a bank account since 2004 without being invested would now be worth £59,021.
This figure is one of the findings from a study conducted by Tickmill, an international online trading broker that compared the economic situation in the UK and the European Union through the infographic “Purchasing Power and Cost of Living: UK vs EU”.
The analysis reveals a slight decline of 0.4% in the UK’s purchasing power, which currently stands at £41,573. In contrast, the European Union has seen a modest rise of 0.1%, reaching £40,874.
Why is purchasing power declining in the UK? One key factor is the cost of living. If the UK were still part of the European Union, it would rank as the fifth most expensive country, behind Ireland, Luxembourg, Denmark, and the Netherlands.
Unsurprisingly, 3 in 10 Britons are struggling with the cost of living. Women (3 in 10, compared to 25% of men), those aged between 35 and 49 (4 in 10), households earning less than £15,000 (6 in 10), and single parents (1 in 2) are among the most affected groups.
Among UK nations, Northern Ireland is the hardest hit, with 34% of its population facing financial difficulties, followed by Wales (31%), England (28%), and Scotland (22%). In England, the North East has the highest percentage of people struggling, with 4 in 10 residents affected. Even in London, the high costs impact 1 in 4 adults.
In response to these challenges, Britons are making significant adjustments:
- 53% have cut back or delayed spending on smaller items like eating out, entertainment, subscriptions, clothing, toys, books, etc.;
- 52% have reduced household energy consumption;
- 48% have decreased their grocery spending;
- 41% have scaled back or postponed major expenditures, such as holidays, cars, and weddings;
- 26% are working longer hours, taking on overtime, or pursuing additional jobs to earn extra income.
The British also made changes on the financial side. One in four adults has been forced to dip into their savings or investments to cover daily expenses. Moreover, 44% have stopped saving or investing entirely or have reduced their savings and investments—a 4% increase compared to 2023.
The lack of investment is another critical factor contributing to the decline in purchasing power. It is estimated that 13 million UK residents hold £430 billion in cash deposits but do not invest. The reasons? Seventy-four percent say they cannot compare investment products effectively, and 43% are afraid of losing their money.
A lack of knowledge and fear are preventing many savers from taking advantage of an important opportunity: preserving or increasing their purchasing power in the long term.
Photo: https://mma.prnewswire.com/media/2586123/Tickmill.jpg
Logo: https://mma.prnewswire.com/media/2586129/Tickmill_Logo.jpg
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/according-to-tickmill-survey-3-in-10-britons-in-economic-difficulty-purchasing-power-down-41-since-2004-302337354.html
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