Managing risk and opportunity in a rapidly changing world
Addressing five key challenges
The era of Assurance 4.0 is here
All businesses face a rapidly changing world, with a heightened focus on three emerging global trends - ESG considerations, supply chain complexity and evolving cybersecurity threats. These powerful new trends combined with traditional risks create an increasingly complex landscape for your organization.
To solve your biggest business challenges, from compliance to performance, you must address your key challenges proactively and holistically. Those challenges fall into five areas:
Assure assets and management systems
Risk management is underpinned by compliance and requirements are rapidly shifting. Organizations need to continually understand and address existing and emerging standards and regulations, and act to comply with them. Our experts partner with you on every aspect of the supply chain, from procurement to product. We assess and certify against internationally recognized ISO standards, and industry-specific standards and schemes.
Compliance remains vital for companies seeking to build competitive advantage and access to their chosen markets, through demonstration of compliance with legislation and global industry best practice. Businesses that assure their assets and management systems effectively will be able to:
- Maintain a more responsible and transparent supply chain
- Demonstrate industry-specific compliance to key stakeholders
- Demonstrate high-quality product, system and process standards
- Be fully compliant with industry regulations and legislation
Achieve product integrity
There is increasing demand for safe, authentic, high-quality products, components and services. Companies must understand it is their responsibility to manage the risk from the origin of their materials to the product sale. Your business is only as strong as the weakest point in your operations and supply chain, so we build solutions that ensure product integrity across this chain. Our industry experts can pinpoint product risk, advise on operational best practices and help safeguard your brand from harm.
Failure to ensure optimal product integrity can lead to recalls, fines, loss of orders and irreversible reputational harm. Businesses that address their product integrity effectively will be able to:
- Identify and manage quality and safety risks across their own sites and supply chains
- Maintain high quality, sustainable sourcing standards throughout supply chains
- Make informed decisions across their supply chain operations
Source responsibly
Supply chain legislation is evolving and more governments are requiring deeper accountability and transparency on ESG, including the mitigation of human rights violations and carbon emissions reductions. LRQA combines on-the-ground expertise with a suite of globally recognized standards and consulting capabilities to deliver client-focused responsible sourcing solutions.
To retain stakeholder trust and keep people safe, organizations must work to ensure they have the processes, programs and strategy in place to identify and reduce the likelihood of occurrences in their operations and value chains. Businesses that build an effective responsible sourcing program will be able to:
- Maintain ethical integrity across their supply chain
- Minimize negative impacts on people and the environment across their supply chain
- Enhance team performance and understanding of responsible sourcing challenges
Navigate the energy transition and achieve net zero
The push towards net zero leads to complex challenges for the energy sector managing energy asset lifecycles, and consumer brands reducing their carbon emissions following global initiatives such as the Paris Agreement. We help businesses transition to cleaner energy sources, partnering with you to address key challenges across the lifecycle of assets.
For the energy sector, the drive to build cleaner, greener energy sources is facilitating a step-change in industrial production, investor focus, corporate governance and governmental regulation. For the wider business landscape, there is increased expectation to provide clear and convincing evidence of progress made towards environmental targets. Verification of reports and data and has therefore become a crucial enabler to achieve trust and transparency with stakeholders. Businesses that commit to an energy transition plan will be able to:
- Understand, measure, verify, manage and reduce carbon emissions
- Navigate the transition to cleaner energy sources and infrastructures
- Comply with local, national or global environmental regulations
- Create a more sustainable business that minimizes its impact on the planet
Strengthen cybersecurity maturity
Cyber threats continue to evolve in frequency and sophistication. Ransomware, malware, and third-party attacks are ever-present risks to businesses. Our cybersecurity specialists deliver innovative solutions and continuous assurance to navigate this complex and ever-evolving threat landscape. From certifying systems and identifying vulnerabilities, to helping prevent attacks and incidents that could impact brand integrity, finances and operations.
Organizations are realizing they need to strengthen their cybersecurity posture and respond continuously to the dynamic threat landscape. Businesses that enhance their cybersecurity strategy will be able to:
- Identify cybersecurity weaknesses
- Detect and respond to cyber threats
- Meet obligations around governance, risk & compliance
- Minimize the impact of cyber attacks
