ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

VelocityEHS First to Align Chemical Management Software with OSHA’s 2024 HazCom Final Rule

CHICAGO, Oct. 03, 2024 (GLOBE NEWSWIRE) -- VelocityEHS®, the global leader in enterprise EHS & ESG software solutions, is proud to announce an enhanced version of its industry-leading Chemical Management software, making it one of the first to align with OSHA’s 2024 Hazard Communication (HazCom) Standard final rule. The final rule aligns OSHA’s standard with Revision 7 of the UN’s Globally Harmonized Systems of Classification and Labelling of Chemicals (GHS).

Key changes to the HazCom Standard as outlined by OSHA include:

  • Revised classification criteria
  • Updated label provisions
  • Classification amendments
  • Additional updates to SDS information requirements
  • New provisions for concentration ranges claimed as trade secrets

“Before the final rule went into effect, the HazCom Standard was consistently ranked among OSHA’s top five most cited standards. This new rule will only increase the pressure companies feel,” says Phil Molè, EHS & Sustainability Expert, VelocityEHS. “The widespread impact of these changes is significant, with OSHA estimating that the changes will affect 94% of Safety Data Sheets (SDSs) and 64% of shipped container labels — which are critical to protecting people in the chemical supply chains and meeting minimum compliance obligations.”

The enhancements to VelocityEHS’ Chemical Management software were designed to bolster workplace safety and help users comply more easily with the HazCom requirements, ensuring timely implementation, avoiding potential fines, and increasing employee access to hazardous chemical information. Noncompliance occurs for multiple reasons: the requirements are complex, employers lack proper documentation and fail to update the changes, inadequate training, and miscommunication across the supply chain.

“Managing and updating safety data sheets and shipped container labels is a challenging task. Our software contains millions of SDSs, with up to 20,000 updates each week. Without our Chemical Management Software’s AI-powered indexing, keeping up with that amount of data, understanding the complex regulations, and meeting the compliance deadlines would be overwhelming and potentially hazardous," says Matt Airhart, CEO, VelocityEHS.

“By proactively initiating updates based on the final rule and insights from our internal experts — we made sure our capabilities were ready when company leaders and EHS professionals needed them most,” says Rachel Ripley, Senior Product Owner, VelocityEHS.

All users of hazardous chemicals across the supply chain, including chemical manufacturers, importers, distributors, and end users, should begin their preparation. Chemical manufacturers of pure substances must comply by January 19, 2026, while manufacturers of mixtures have until July 19, 2027, to meet the compliance requirements. Furthermore, employers using substances or mixtures affected by the final rule must update their workplace HazCom management practices within six months of the respective deadlines for chemical manufacturers.

“In practice, this means that end users must revise their written HazCom plan and workplace HazCom training to account for updates to chemical classifications and associated information such as pictograms, signal words and hazard statements, and ensure their workplace labels align with updated manufacturer’s shipped container labels,” says Molè.

For more information about our updated chemical management capabilities and how they can help users throughout the supply chain, visit www.ehs.com/solutions/chemical-management/sds-management/.

About VelocityEHS

Relied on by more than 10 million users worldwide to drive operational excellence and achieve outstanding outcomes, VelocityEHS is the global leader in true SaaS enterprise EHS & ESG technology. The VelocityEHS Accelerate® Platform is the definitive gold standard, delivering best-in-class software solutions for managing Safety, Ergonomics, Chemical Management, Contractor Safety & Permit to Work, Operational Risk, ESG and Environmental Compliance.

The VelocityEHS team includes unparalleled industry expertise, with more certified experts in health, safety, industrial hygiene, ergonomics, sustainability, the environment, AI, and machine learning than any other EHS software provider. Recognized by the EHS industry’s top independent analysts as a Leader in the Verdantix 2023 Green Quadrant Analysis, VelocityEHS is committed to industry thought leadership and to accelerating the pace of innovation through its software solutions and vision. Its privacy and security protocols, which include SOC2 Type II attestation, are among the most stringent in the industry.

VelocityEHS is headquartered in Chicago, Illinois, with locations in Ann Arbor, Michigan; Tampa, Florida; Oakville, Ontario; London, England; Perth, Western Australia; and Cork, Ireland. For more information, visit www.EHS.com. 

VelocityEHS Media Contact
Jennifer Sinkwitts
734.277.9366
jsinkwitts@ehs.com


Primary Logo

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.