What will be the business impact of ISO 45001?
There will be business impact due to ISO 45001. However the convergence of ISOs 9001, 14001, 45001 and others will provide for significant cost savings through improved business performance. Also the elimination of waste and duplication through standardisation and cooperation between departments. As a 45001 compliant organisation the commercial advantages are that it will provide a passport through other barriers to trade.
As a truly global standard that enforces standards of performance on supply chains, compliance can guarantee international acceptance within all sectors of commerce. Reputational advantages and benchmarking competitiveness flow from this.
The emphasis on leadership will bring the top management team together with a common purpose. Also it will ease the way to achieve other integrated managements systems such as Quality 9001, Environment 14001 or Security 27001. Other organisations (interested parties) will feel the business impact of ISO 45001, it’s side effects and benefits through your use of the new standard.
Clients or customers may require compliance to 45001, either as part of their existing supply chain or to tender for new contracts. To understand if 45001 is appropriate for your organisation you must evaluate the role of your business in its context and its potential for growth and trade.