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LRQA?
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Navigate a
new era of risk
The era of Assurance 4.0 is here. 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 have combined with more traditional risks—to assets, people and systems—creating a more complex landscape. To solve their biggest business challenges, from compliance to performance, businesses must address their key challenges proactively and holistically.
Risk management is underpinned by legal and regulatory compliance but compliance requirements are rapidly shifting. 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 and be fully compliant with industry regulations and legislation.
The increasing demand for safe, authentic, high-quality products, components and services means it is vital for businesses to demonstrate integrity across their supply chain. Failure to ensure optimal product integrity can lead to recalls, fines, loss of orders and irreversible reputational harm.
The increasing demand for safe, authentic, high-quality products, components and services means it is vital for businesses to demonstrate integrity across their supply chain. Failure to ensure optimal product integrity can lead to recalls, fines, loss of orders and irreversible reputational harm.
Supply chain legislation is evolving. More governments are requiring deeper accountability and transparency on ESG, including the mitigation of human rights violations and carbon emissions reductions. To retain stakeholder trust and keep people safe, organisations must work to ensure they have the processes, programmes and strategy in place to identify and reduce the likelihood of occurrences in their operations and value chains.
The push towards net zero comes with complex challenges for both the energy sector managing energy asset lifecycles, and consumer brands reducing their carbon emissions in accordance with global initiatives. 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 and comply with local, national or global environmental regulations
Cyber threats continue to evolve in frequency and sophistication and ransomware, malware, and third-party attacks are ever-present risks to businesses. 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 and minimise the impact of cyber attacks.
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