Why leading energy and utilities companies rely on GAN Integrity
GAN Integrity is how compliance teams at energy and utilities companies get the tools and expertise to stay ahead of risk. With less effort and more reach, you finally get a better way to do your good work.
See everything – Gain a comprehensive view of overall risk and compliance in one centralized platform for more effective program management.
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Adapt to anything – Leverage dynamic workflows and integrations to stay ahead of regulatory changes and evolving program requirements, all without heavy lifting or expense.
Get all the help you need – Receive dedicated support from GAN Integrity’s team of experts.
Compliance challenges for the energy and utilities industry
As a compliance professional in the energy and utilities sector, it can often feel like you’re facing an unfair fight. Navigating a complex web of regulations from agencies such as the EPA and FERC, along with laws like the Clean Air Act and various state regulations, is no easy task.
Energy and utility companies are required to adhere to stringent environmental regulations, manage employee and contractor safety, and protect critical infrastructure from cyber threats. With the growing emphasis on sustainability and renewable energy, monitoring and managing environmental impacts has become more crucial than ever.
In addition to these challenges, building a strong ethical culture and acting with integrity in all business dealings are essential. This includes implementing robust compliance policies and training programs, managing conflicts of interest and gifts and entertainment disclosures, ensuring third parties meet your ethical standards, and continuously monitoring changes in their risk profiles.
Achieving Compliance in Energy and Utilities Companies: Steps to Success
Achieving compliance in any organization involves a series of strategic steps:
Compliance in the Energy & Utilities Industry
Risk Assessment
Identifying potential compliance risks.
Objective Setting
Defining clear compliance goals.
Documentation
Keeping thorough records of compliance efforts.
Training
Educating employees about compliance requirements.
Monitoring and Auditing
Regularly reviewing compliance status.
Reporting System
Establishing clear channels for reporting issues and disclosures.
Issue Response
Quickly addressing non-compliance issues.
Continuous Improvement
Regularly updating compliance practices.
GAN Integrity for Energy and Utilities Companies
Energy and utilities companies rely on GAN Integrity to navigate these challenges. GAN Integrity’s ethics, compliance, and risk management platform streamlines the compliance process by organizing requirements, automating tasks, and providing up-to-date information on regulatory changes, making it easier for you to do your work. Compliance teams can see everything, adapt to anything, and get all the help they need.
Disclosure Management
Consolidate disclosures for conflicts of interest, gifts, travel, entertainment, and political and charitable donations or contributions. Capabilities include:
- Policy management: Develop and enforce comprehensive disclosure policies. Educate and engage your workforce with targeted training and policy attestations.
- Flexible disclosure process: Simplify the submission of potential conflicts of interest with user-friendly forms, ensuring easy access for employees.
- Automated approvals and reviews: Enhance compliance with automated approval and review workflows. Quickly escalate notifications to relevant stakeholders to address potential risks.
Ready for better? Receive a personalized demo.
Schedule your personalized demo of our solutions to start your journey toward a better way to unify ethics, compliance, and risk management across your enterprise.
