• Why you should make EHS a top priority in your financial reports

Increasingly, organizations are putting their safety, health and sustainability vision on paper or even in the spotlight. Despite the good intentions, the numbers don’t always seem to line up with the story or even add up in practice. How can you explain the importance of sustainability in terms of numbers, make safety risks transparent and make the story that accompanies the figures fit?

By Jeroen Zeeuw, March 2021

Why you should make EHS a top priority in your financial reports

The complexity of environmental, health and safety laws and regulations has increased dramatically in the past year. The past year was mainly marked by a global crisis and changing times. Gradually, we are daring to look further into the future, make new plans and take a critical look at our own business.

Improve business operations with EHS data

Environment, Health and Safety Management (EHS) with SAC changes this and helps organizations safeguard and proactively identify environmental, health and safety risks. In recent years, more and more attention is being paid to EHS figures. But with that, the challenges are also increasing. How can you be solution-oriented on global issues and make a real impact on EHS?

Your preference is probably to create a work environment that naturally meets EHS standards. But there is more to it than that. What if a pandemic breaks out? Can you then complete the latest legal requirements that result? After all, there is a need to respond and recover quickly while ensuring the safety of employees and customers.

EHS dashboard

The power of two unified data streams

You often focus on financial reports showing that you sold more products, and there were fewer industrial accidents in the past year. But have you ever compared these figures with your Environment, Health and Safety Management (EHS) figures? Perhaps you see that these financial figures give a distorted picture and have caused a huge increase in your CO2 emissions.

EHS data combined with your financial reports gives many new insights and makes it possible to generate new KPIs. With the obtained data, you can manage your business even better and make better decisions. At the end of the year, you will present real-time and reliable figures on production, C02 emissions, turnover, and industrial accidents, among other things. And even more important: you can make the connection between these metrics.

Increase the impact of EHS on your financial reporting

Is it sometimes unclear to you whether your organization’s air and water emissions are meeting legal requirements? And therefore, you don’t see discrepancies in time? The consequences can be significant if the two various data streams are not properly unified. Also, risk management should be part of daily activities in every area of the organization. After all, you want to work on continuous improvement of EHS performance. Using EHS efficiently and linking it to your financial reports, you can make a real impact.

 

EHS dashboard

SAC & Environment, Health and Safety Management

With SAP Analytics Cloud (SAC), you have insight into financial data anytime and anywhere, which enables you to make financial plans and analyze and publish them directly. The innovative SAC application offers the possibility to integrate and visualize EHS data. This way, as a financial, you gain insight into operational planning and gain insight into figures that represent and explain the sustainability story. With the SAC application, it is possible to set up a central report on site or in the cloud quickly.

Enterprise Performance ManagementFinance & Control SAPSAP Analytics Cloud