Fintech PR
UK Workplace Safety Risks Are Far Too High
![uk-workplace-safety-risks-are-far-too-high](https://thefintechbuzz.com/wp-content/uploads/2023/12/48536-uk-workplace-safety-risks-are-far-too-high.png)
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
Board the TOKEN2049 Treasure Express With Bybit and Dive Into an $80,000 Prize Pool
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DUBAI, UAE, Sept. 6, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, set out to make the community’s TOKEN2049 journey more rewarding. Gearing up for the most anticipated blockchain and Web3 event in the region, Bybit is thrilled to announce three bonus events to enable both attendees and remote fans to both be part of the experience.
The winning opportunities are open to both attendees of TOKEN2049 and followers from afar. Through trading and offline events, participants stand to get free tickets, a share of the $80,000 prize pool in airdrops and coupons, and Bybit merchandise.
Event 1: TOKEN2049 Treasure Express
From now to Sep. 26, 2024, Bybit users may register for the event and complete tasks by depositing and trading assets to earn lucky draw tickets. The wheel of fortune will turn to one of the three prizes:
1. A pair of tickets to TOKEN2049;
2. A share of the airdrop prize pool valued at $50,000 featuring the hottest tokens, including DOGS, PEPE, SOL, XRP, TON and USDT; or
3. Up to 50 USDT in spot coupons.
Even more rewards await in referrals and social media giveaways. For details, visit: TOKEN2049 Treasure Express
Event 2: Share and Unlock
From now to Sep. 30, 2024, unleash your social media magic for a chance to win a 10 USDT spot trading coupon. Share a Bybit blog link and your thoughts on Bybit and Web3. Remember to tag @Bybit_Official and use the hashtag #UnlockWeb3Future and submit the form with us here: #UnlockWeb3Future at TOKEN2049 with Bybit
Event 3: Meet us offline at TOKEN2049
Spot our logo at TOKEN2049 and capture a photo at the Bybit booth (M50) to win Bybit merchandise. Remember to share to your social media channels and use the right hashtag. For details, visit: #UnlockWeb3Future at TOKEN2049 with Bybit
An advocate for a sustainable Web3 ecosystem, Bybit will be featured prominently at TOKEN2049 on a series of keynote panels, thought leadership and community events, and booth M50.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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View original content:https://www.prnewswire.co.uk/news-releases/board-the-token2049-treasure-express-with-bybit-and-dive-into-an-80-000-prize-pool-302240594.html
Fintech PR
Bybit Expands Global Reach, Receives Formal Consent for Full Authorization in Kazakhstan
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DUBAI, UAE, Sept. 6, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce it’s among the first to be granted consent to a full authorization by the Astana Financial Service Authority (AFSA). This milestone brings Bybit closer to becoming a fully regulated Digital Asset Trading Facility (DATF).
As part of a rigorous process, Bybit Kazakhstan has passed a full AML check, business conduct audit, and detailed compliance inspections. This is part of Bybit’s focus on securing new user opportunities in Kazakhstan and the broader Commonwealth of Independent States (CIS) region.
“Kazakhstan has become a key player in the global crypto ecosystem, and we are thrilled to be expanding our services in such a dynamic market,” said Ben Zhou, co-founder and CEO of Bybit. “We are committed to bringing our cutting-edge technology, security, and transparency to crypto traders in Kazakhstan, ensuring they can access the best possible tools and services to thrive in this fast-growing industry.”
Once the full license is in place, Bybit Kazakhstan will offer various digital assets related products and services. The expansion into Kazakhstan aligns with Bybit’s mission to provide reliable and transparent services, catering to the unique needs of crypto traders and investors in the region.
This development follows Bybit’s receipt of its initial operating and custody licenses from AFSA in June 2023, reinforcing its commitment to local regulatory requirements. Bybit’s ongoing efforts to strengthen its presence in Kazakhstan underscore its belief in responsible growth and ensuring a compliant and secure trading environment.
Kazakhstan has quickly emerged as a hub for crypto innovation, and Bybit is proud to play a leading role in fostering this development. For example, Bybit hosted a “Foundations of Blockchain, Web3 and Crypto Exchange Activities” course for Banks of Kazakhstan in 2024. This event was part of Bybit’s drive to make blockchain education more accessible in the CIS region.
By securing this full authorization, Bybit is poised to enhance crypto adoption, provide institutional-grade security, and offer advanced trading features to its growing regional user base.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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View original content:https://www.prnewswire.co.uk/news-releases/bybit-expands-global-reach-receives-formal-consent-for-full-authorization-in-kazakhstan-302240634.html
Fintech PR
Integrum ESG and CSRHub enable fund managers to monitor both long-term trends and short-term movements in ESG ratings for companies, across a 10-year time series
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LONDON, Sept. 6, 2024 /PRNewswire/ — Integrum ESG, the leading alternative ESG data provider, has today announced the launch of their Consensus ESG Ratings module.
Just as investors monitor movements in consensus earnings estimates or credit ratings, investors now are aware of the demand for the ability to monitor long-term trends and short-term movements in consensus ESG ratings.
This new feature enables Integrum ESG’s asset manager clients to now see the consensus ESG score for any company, either as an absolute rating or a relative percentile ranking, across a 10-year time series.
These scores will indicate to any investor what the capital markets have ‘priced in’ for a company’s ESG performance, allowing users to quickly understand the market’s view on a company and easily conduct relative ESG analysis on the positions they hold within their Portfolio.
This regularly updated data is provided by CSRHub, the world’s leading provider of consensus ESG ratings. CSRHub has spent years aggregating and normalising a vast range of licensed sources – from large ESG ratings firms such as MSCI, ISS, S&P Global, and Sustainalytics to specialists such as CDP and Better World Companies.
Shai Hill, Founder and CEO of Integrum ESG, commented: “Many investors have told us they want a sense of ‘what is priced in’ in terms of a company’s ESG performance, so they can compare this to what anyone ESG ratings firm is saying. CSRHub is the only firm to have credibly achieved this, thanks to a model refined over years and a vast data lake – so we are delighted to be partnering with them.”
Bahar Gidwani, Co-Founder of CSRHub, added: “Investors need to fine tune their ESG-related investment strategies to improve their returns and better match the preferences of their clients. Combining CSRHub’s expert outside-in, consensus view of ESG with Integrum ESG’s detailed real-time data stream provides a strong solution for these needs.”
About Integrum ESG
Integrum ESG is the leading alternative ESG data and ratings platform for investors, blending human analysis and award-winning artificial intelligence models to capture, verify and display granular and relevant ESG data for analysis and assessment. Their Platform allows clients to dissect ESG scores, real-time sentiment, and more with a variety of unique-to-market features, empowering industry professionals and investors and giving them complete oversight of ESG risk across their portfolio.
For more information, visit www.integrumesg.com
About CSRHub
CSRHub offers the most comprehensive global set of Consensus ESG (Environmental, Social, and Governance) ratings, information, and tools. CSRHub’s business intelligence system measures the ESG business impact that drives corporate and investor sustainability decisions. Founded in 2007, CSRHub covers 56,545 public and private companies, and provides ESG performance scores on over 37,899 companies from 135 industries in 210 countries. Our Big Data platform uses algorithms to aggregate, normalize and weight ESG metrics from 957 sources to produce a strong consensus signal on corporate sustainability performance.
For more information, visit www.csrhub.com
Media Contact
Harish Karunalingam
Integrum ESG
[email protected]
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