How will SOL-X deliver Business Value to customers? [Infographic 2021]

SOL-X by SOL-X, is an industry leading Behavioral Based Safety system that combines an enhanced control of work with a holistic approach to crew wellbeing, in order to improve worker health and safety culture.

A primary benefit of SOL-X is improved operational efficiency of Permit To Work (PTW) workflows. It is estimated that our customers experience an average of US$60,000 to US$180,000 in crew productivity gains annually per vessel after switching from paper-based solutions.

Along with the fully integrated PTW system, the work on the go capabilities and paperless system have streamlined workflows, improving overall turnaround times. Furthermore, SOL-X’s near real-time capabilities have enhanced safety operations monitoring, and procedural compliance to work processes.

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Operational Excellence

Reduces the time and effort required to complete the forms and to obtain authorization, as well as automatically save such documents in searchable formats.
The time savings free up crew resources for higher value hands-on tool time, such as machinery and equipment maintenance.
Enables better management of their work rest hours.

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Preparing Documents

Automatically sets up the necessary documentation and workflows once the job is selected from the digital database of permits, reducing downtime spent on document management.

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Permit Request And Risk Assessment

‍‍Integrates Risk Assessment with Permit Requests, making it possible to prepare and submit them concurrently.
This reduces repeated information, removes clerical errors, and provides a standardized and uniform risk assessment across the fleet. Furthermore, workflow protocols within the digital system ensure that all required fields have been completed, facilitating efficiencies on the subsequent approval process.
Additional features such as pre-filled fields and pre-identified risks based on historical references and best practices, the system contributes to time savings – a 50% reduction, and a more robust risk assessment and permit request.

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On-site Checklists and Isolation Certificate

SOL-X’s work on the go solution totally changes the way the crew approaches safety checklists onsite.
The built-in validation and the step-by-step guide further assure managers of safety compliance as well as ease of completion – reducing more than a third of the time usually spent on these steps, while providing all crew visibility of real-time data across the vessel.

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Permit Approval

An electronic review and approval system improves this process by eliminating the need to manually transport, scan and email the form.
A well-implemented solution also automatically communicates the required approval requests directly to the Master and Office Superintendent, following a set of approval matrices aligned with each type of PTW requested.
As it is a fully integrated PTW system, the review process is simplified for cross-references.
Furthermore, a digital format makes it possible to incorporate pre-defined rules and alerts, and notifies the approver if any inputs exceed certain thresholds. This provides the Approving Authority near real-time access to relevant information for appropriate risk management and decision-making.
SOL-X has reduced permit approval times by an average of 20 minutes when office approval is not required, and an hour when it is. This has shortened the waiting time between permit completion and crew execution of the actual job, while ensuring that the shore team is kept up-to-date when the vessel needs to communicate with them.

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Document Filing, Storage And Retrieval

Documents are instantly stored and archived on the local server, and automatically tagged with searchable keywords – freeing up the crew to focus on higher value-added jobs.
Cumulative effect on audit or inspection preparation, as documents can be easily retrieved and searched.

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Audit Preparation

Since digital PTWs can be replicated from the vessel’s local server to onshore databases, they further facilitate audit preparation by compressing time and distance. This allows auditors to commence their review of permits and other documents remotely, without any interruption to the vessel crew.
Furthermore, the available data can encompass the complete range of operational documents, thus providing a more comprehensive view of vessel operations.
By eliminating the physical paperwork, ships can operate more sustainably on an environmental and operational level. The digital PTW system helps reduce the amount of paper required to process the PTW tasks each day and during audit/inspection, as well as improve space and document management onboard.
It is estimated that a vessel uses an average of 39,000 sheets of paper annually for PTW-related documents onboard and in the office. This is equivalent to 5 trees per year, therefore converting to the digital format significantly reduces the carbon footprint of each vessel.

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For more details, please refer to our infographics on the distinctions between Digital PTW from SOL-X and Manual PTW.

Related News

/ NewsMay 31, 2023

Magellan X partnered with Da-Qiao Enterprise to make construction site safer.

Construction workers often involve in hazardous activities which could lead to various incidents and accidents. Implementing a reliable worker safety solution at a construction site could be challenging owing to various factors like environmental conditions and outdoor working situations. The construction industry demands a digital safety solution that caters to specific needs and safeguards workers. Magellan X partnered with Da-Qiao Enterprise, an industrial construction services provider, in implementing SOL-X, our Connected Worker Health & Safety Solution at a construction site. Da-Qiao Enterprise is a renowned industrial construction services provider with expertise in handling small renovations to multi-billion-dollar ventures in various heavy industries. By partnering with Da-Qiao Enterprise, we hope to contribute to creating safer, more efficient, and more sustainable work environments. Know more about SOL-X for Construction Worker Safety

Important inventory management trends to keep up with customer demand

/ BlogMay 30, 2023

The Future of Inventory Management – How IIoT is Changing the Game

Inventory management has always been a crucial aspect of successful business operations. Its importance has been magnified like never before in the wake of the global pandemic. Losses from improper inventory management cost retailers $1.75 trillion of losses annually, due to over-stocking and under-stocking.With unprecedented disruptions to supply chains, businesses across industries have been forced to reevaluate and innovate their inventory management practices. One thing is clear—the future of inventory management lies in leveraging advanced technologies, particularly the Industrial Internet of Things (IIoT).IIoT is transforming the very fabric of inventory management, introducing new levels of efficiency, accuracy, and visibility. One tool at the forefront of this technological revolution is Magellan X's PROPELLER.PROPELLER offers real-time tracking and AI-driven insights, enabling businesses to better anticipate demand, reduce waste, and ensure the smooth running of their supply chains. As the rate of change accelerates, our solutions aren't just enhancing inventory management; they are reinventing it.Here are some ways businesses have been pursuing sustainability and efficiency, and how PROPELLER has been helping in the process.The Latest Advancements in Inventory ManagementImpact of IIoT on Real-Time Tracking and Inventory VisibilityIn the ever-complex landscape of inventory management, making use of IIoT can simplify things significantly. Solutions like PROPELLER are utilising these methods to transform the way businesses track and manage their inventory. With our unique RFID tagging system, we enable businesses to monitor the status of spare parts and assets in real time.For short-range usage, PROPELLER provides QR tags that can be uniquely linked to items in an inventory. Long-range usage comes in the form of an attached beacon, which can be tracked remotely to make sure it is never lost.Engineers can then quickly identify, tag, and check-in parts with a mobile tablet, reducing time spent searching for misplaced items. By offering a bird's eye view of assets through a unified IIoT, our solution streamlines inventory management, improves visibility, and enhances operational efficiency. Properly managing inventory is key to keeping your operations successful.Leveraging AI and ML AnalyticsOur research has found that 80% of Stock Keeping Units (SKUs) have inaccurate data analytics, and commonly stock excess spare parts. The rise of Artificial Intelligence (AI) and Machine Learning (ML) has ushered in a new era of data-driven decision making, which can easily resolve these inaccuracies.With PROPELLER, companies can leverage AI and ML analytics to not only track assets, but also anticipate future demand. By interpreting patterns and trends in data, it can forecast inventory needs accurately, helping businesses maintain optimal stock levels, reduce holding costs, and avoid downtime. Businesses have found that using AI forecasting, such as what PROPELLER offers, can reduce supply chain errors by 30-40%, preventing disruptions and monetary loss in industries like warehousing and shipping.Advantages of Cloud-Based Inventory Management The cloud has revolutionised many facets of business operations, and inventory management is no exception. Singapore is already ahead of the curve, possessing the largest public cloud market size in Southeast Asia in 2021.Cloud-based systems offer the advantage of anytime-anywhere access to real-time inventory data. This, coupled with the ability to integrate with other business systems, allows for informed decision-making and efficient operations.PROPELLER offers a comprehensive, on-the-go view of inventory across multiple locations through our cloud connection. By placing inventory data right at the fingertips of decision-makers, we help you ensure timely and effective responses to changing inventory dynamics, further driving efficiency and sustainability.Sustainability and Efficiency in Business OperationsEnvironmental consciousness is being heightened constantly, and businesses are aiming to integrate sustainability into their operations. As such, many organisations are trying to implement green practices and create sustainable cycles for industries such as maritime shipping.Inventory management, often linked to considerable carbon emissions due to transportation and overstocking, suffers from a lack of sustainability. Our research has found that Heavy Industries miss roughly $100k worth of procurement opportunities per site annually.This is where IIoT solutions like PROPELLER come into play. By providing real-time visibility and predictive analytics, PROPELLER enables businesses to maintain optimal inventory levels. This reduces the need for emergency shipments and cuts down on waste from obsolete or excess stock.Our data analytics also help detect bulk ordering opportunities, helping to ensure that fewer shipments are made. This can significantly reduce your business' carbon footprint and contribute to global sustainability goals, all while realising cost savings and efficiency gains.Addressing Industry-Specific ChallengesEach industry comes with its unique challenges in pursuing digital solutions. We have found that many businesses suffer from a lack of standardisation in inventory management systems, and have inaccurate data. The mining industry has seen a global decline in productivity, which is attributed to the slow rate of digital adoption, and the maritime industry is faced with environmental concerns over carbon emissions caused by shipping.As a service that utilises IIoT, PROPELLER is specifically designed to address these industry-specific challenges. We offer tailored solutions that cater to the unique needs and operational contexts of different sectors, including maritime, oil and gas, warehouse, and mining.Through an onboarding and training process, we ensure that our digital solutions are installed on worksites and vessels, and that crews are comprehensively trained by our experts. The carbon footprint of maritime shipping is reduced by our data analytics, which display opportunities to reduce transportation costs and maintain efficiency.By providing real-time tracking, efficient spare parts management, and AI-driven demand forecasting, PROPELLER helps industries keep up with advanced solutions, lower their carbon footprint, and ensure accuracy of their inventory management.PROPELLER - The Future of Inventory Management through IIoT In the rapidly evolving world of inventory management, keeping pace with emerging trends and technological developments is a necessity. IIoT solutions like PROPELLER are at the forefront of this digital transformation, helping businesses stay efficient, sustainable, and competitive.We offer an array of benefits, from real-time tracking and predictive analytics, to cloud-based access and industry-specific solutions that address the critical needs of businesses in the modern age.The importance of efficient inventory management will only continue to grow. Leverage the power of IIoT and solutions like PROPELLER to stay ahead, and step into the future of inventory management today. Download this article here.

/ Success StoriesMay 25, 2023

Leading Shipping Multinational Company Case Study

The client is a global integrated business enterprise with a diverse group of companies engaging in a wide spectrum of business activities across virtually every industry. This case study applies to a subsidiary of a leading shipping multinational company which operates mainly in ship management. Find out how they improved operational performance and workforce enablement using SOL-X Connected Safety Solution. Download Now

/ Success StoriesMay 24, 2023

Leading Wastewater Treatment Plant Case Study

Find out how a leading Wastewater Treatment Plant which provides services and expertise to meet environmental requirements and converts wastewater for recycling used SOL-X to enhance worker health and wellbeing and improve safety culture at their plant, in order to meet its and its partner's safety KPIs and to facilitate its Lone Worker Policy. Download to know more. Download Now

ship, vessel, marine environment, marine industry

/ Press / BlogMay 04, 2023

What is a Vessel Safety Management System? (Maritime & Shipping)

In 2012, the Costa Concordia ship was grounded in an accident that resulted in the deaths of 26 passengers and 4 crew members. In 2007, marine vessel Cosco Busan experienced an collision that released approximately 54,000 gallons of oil into San Francisco Bay. The common grounds for these accidents were inadequate Safety Management Systems and failure to comply with the ISM code. As such, proper procedures must be in place to mitigate such incidents. Vessel Safety Management Systems play a crucial role in risk management and environmental protection. This article covers how they can reduce potential risks and improve safety for maritime workers. What is a Ship Safety Management System? A ship Safety Management System is an organised system of operational procedures and mandatory safety rules which safeguard the vessel and the maritime environment. It ensures that ship owners and crew comply with international safety regulations and those established by relevant government authorities. Safety Management Systems should document health and safety considerations, important policies, and emergency response procedures. It should also cover crew member training and proper vessel maintenance. Safety management involves determining the root causes of all maritime incidents, near misses, and non-conformities, whether major or minor. From there, a company should take corrective and proactive actions to prevent any recurrences of accidents. Is a Safety Management System Required Under ISM Code? The International Safety Management Code is the standard for the safe management and operation of ships and for pollution prevention. Under the ISM code, a Safety Management System is a legal requirement for every ship, both private and commercial vessels. The ISM code requires shipping companies to conduct internal and external audits for each vessel. The audits are to verify whether the Safety Management System of the ship complies with ISM requirements and that routines on board match the implemented procedures. If all the necessary criteria are met, the vessel receives a safety management certificate which verifies that a proper system is in place to ensure safety. What are the Common Features of a Safety Management System? The majority of EMSA safety recommendations comprise ship-related procedures and human factors—45.5% and 21.6%, respectively. Safety Management Systems thus emphasise safe operations and practices as well as emergency procedures. Here are 3 standard features of a vessel Safety Management System: 1. Implements safety standards and procedures on the worksite A Safety Management System sets the standards for operations and communications on a worksite. Establishing guidelines for workplace safety culture can reduce the occurrence of preventable accidents. These can include supervision of tasks and skills training. As part of a Safety Management System, SOL-X Control Of Work allows easy worker supervision with user, time, and location stamp verification. It ensures that supervisors can identify the RIGHT person, at the RIGHT time, in the RIGHT location. Furthermore, with SOL-X Crew Protect, companies can set better safety standards by enabling workers to access health analytics such as their work/rest hours. With this data, they can proactively manage their workload and resources, providing preemptive intervention against worker fatigue. 2. Improves operation safety within maritime facilities Safe operations reduce the risks of accidents to safeguard the vessel and each and every crew member. On an individual level, wearing protective clothing and personal protective equipment is necessary. There is also a need for safety equipment, proper anchoring of heavy loads, and procedures to ensure safe movement around the vessel. On top of physical equipment, companies can explore digital solutions. SOL-X Control Of Work boosts existing Safety Management Systems by including an integrated mobile interface that streamlines Permits To Work. This feature zooms in on specific workers who are working in confined spaces, physically isolated, or engaging in hot work such as welding. It ensures workers are authorised for specific tasks in those potentially hazardous conditions. 3. Includes concrete emergency plans and procedures A Safety Management System ensures crew members receive regular training through drills and exercises for emergencies. A ship should also have its safety and environmental policies displayed in an accessible location on board, where they can be easily seen and reviewed. Familiarising themselves with emergency procedures enables crew members to respond effectively to potential incidents. A quick emergency response time can save lives in a crisis situation such as a fire, abandon ship, or man overboard. With SOL-X Crew Protect, existing Safety Management Systems can now be enhanced with Broadcast Message alerts that enable the crew to communicate with workers on the ground in case of an emergency. This solution also equips workers with their own SmartWatch with a “Crew Assist” function which they can use to alert their supervisors if they are in any danger. What is the Purpose of Safety Management Systems in Maritime Sectors? There were a total of 2,637 marine casualties in 2021. Maritime workers face unpredictable, high-risk environments out at sea. The job also involves working with dangerous equipment and chemicals that could cause fatal injuries if improperly handled. The safety and security of crew members are essential not just for individual well-being but also for the protection of the vessel and everyone on board. A Safety Management System focuses on tackling the root cause of maritime accidents, emphasising risk prevention rather than 'cure.' Here are 3 benefits of having a proper vessel Safety Management System: 1. Improves communication and efficiency Safety Management Systems ensure information is disseminated efficiently to update workers on worksite procedures and conditions. Good workplace communications are essential to manage risks and facilitate collaboration between workers on board, regardless of location. For instance, the ISM code requires every ship to have a designated person ashore (DPA). The DPA provides a direct link between the company and those on board to support safe operations on the vessel. As part of a Safety Management System, SOL-X Control Of Work also takes the groundwork out of Permits To Work. With automated workflows and a portable interface to Work On The Go, it eliminates the need for manual paperwork, encouraging compliance and increasing work efficiency. 2. Saves costs While implementing more safety procedures might involve more expenses, Safety Management Systems ultimately save costs for shipping companies by improving productivity and resource management. An organised system of operations ensures that trained workers uphold high standards of quality and safety. By avoiding potential safety risks, companies also avoid incurring uninsured financial losses. In 2020, the costs of work injuries added up to $163.9 billion. This figure included wage and productivity loss, medical expenses, and administrative costs. 3. Predict dangers On top of alerting dangers, Safety Management Systems can also predict possible risks. When out at sea for long periods of time, it is important to monitor if a worker is medically fit to work so as to prevent occupational diseases. For instance, as part of a Safety Management System, the SOL-X SmartWatch tracks health vitals, including heat stress exposure, coronary stress, heart rates, and more. This data collected can help to predict which workers' well-being is in potential danger. Boost Your Vessel Safety Management with SOL-X Worker Safety Solution With the hazardous nature of the industry, maritime companies must not leave the safety of their workers up to chance. Proper technology and software can get you up to speed on modern maritime safety standards. As part of a Safety Management System, SOL-X solution can provide the resources to enhance maritime operations and procedures. Ensuring a vessel runs smoothly helps create a safer environment for everyone on board.

learn the benefits of esg

/ BlogMay 04, 2023

The 3 Big Reasons Why Your Company Should Care About ESG

ESG (environmental, social and governance) strategy is not a niche or a fad. McKinsey reports that more than 90% of S&P 500 companies now publish ESG reports, as do approximately 70% of Russell 1000 companies. Companies that pay attention to ESG factors do not experience a drag on value creation—quite the opposite. If your company does not have an ESG strategy yet, you miss significant opportunities for growth. You might also expose yourself to higher risks of regulatory scrutiny, stakeholder backlash and market disruption. With the right technology and solutions, businesses can achieve their ESG goals effectively and efficiently. Technology can enable you to measure your performance and engage with stakeholders. In this article, we will explain why ESG matters for your business. What is ESG explained in simple terms? ESG can be defined as environmental, social and governance factors that measure a company's sustainability and ethical impact. To be more specific, ESG is a common way to evaluate how a company performs across different aspects. These aspects may directly or indirectly impact a company's sustainability and ethical impact. For example, environmental issues include how a company affects the natural resources and environment. Social issues include how a company interacts with its stakeholders, such as its employees, customers, suppliers and communities. Finally, governance issues include how a company is run and controlled, such as its board structure, executive compensation, shareholder rights, business ethics and transparency. ESG is not just a moral or ethical concept. It is also a financial one. ESG can help investors and stakeholders understand how a company manages the risks and opportunities created by changing environmental, social, and governance conditions. What is the Difference Between ESG & EHS? ESG stands for Environmental, Social, and Governance, while EHS stands for Environment, Health, and Safety. ESG principles and EHS refer to different aspects of corporate responsibility. The ESG approach is focused on future planning and policies to align with environmental, social, and governance demands. EHS is more about the operational function of a business and reporting on current practices. EHS policies and practices aim to prevent or mitigate harm by ensuring compliance with environmental criteria and laws. Compliance with EHS regulations is mandatory, but companies can choose whether or not to adopt ESG policies. In terms of implementation, EHS policies focus on environmental protection (such as reducing emissions) and employee safety to avoid penalties. In contrast, ESG strategies aim to make positive changes, such as improving working conditions and increasing diversity. Why is ESG More Important than Ever? 3 Big Reasons For Your Business ESG considerations are on the rise, especially in the Oil & Gas, Petrochemical, Mining, and Shipping industries. For example, Deloitte reports that even though the shipping industry represents only 1.7% of global greenhouse gas emissions, companies are taking several actions to reduce their carbon footprint out at sea. Here are the three big reasons why these businesses are now focusing on ESG: 1. Competitive advantage ESG can help you gain a competitive edge by attracting investors, customers, and talent who value sustainability and ethics. ESG can also help you tap into new markets, products and services that address environmental and social needs, such as clean energy, circular economy or social impact investing. According to Bureau Veritas, companies that engage with their local communities can deliver a win-win outcome that supports their ESG goals and provides long-term value creation. By offering sustainable investing, you also give customers a reason to invest in your business. 2. Risk management ESG can help you anticipate and comply with evolving regulations and standards on environmental and social issues, avoiding fines, lawsuits or reputational damage. For example, the US Securities and Exchange Commission (SEC) is considering new rules that would require more detailed disclosure of greenhouse gas emissions. To comply with such regulations, companies can tap into the latest decarbonisation technologies such as Magellan X's ecoMax software to measure and report ESG performance, track progress, identify gaps and opportunities, and communicate impact to their stakeholders. 3. Innovation ESG can stimulate innovation when companies invest in new technologies that reduce environmental impact or improve efficiency. Andrew Poreda, an ESG research analyst, shares that ESG investing will likely encourage many oil and gas companies to spend more money on research and development (on technologies involving AI, machine learning, renewable energy, and more), which will enable them to survive even when the world transitions away from fossil fuels. In addition, technologies like SOL-X, a connected worker platform, contribute to innovation by reducing paper waste and ensuring safety compliance. Are There Disadvantages of ESG? While ESG practices have clear benefits for the company, there are also some disadvantages. 1. Greenwashing One downside is the prevalence of "greenwashing," which can make it challenging to identify genuinely sustainable companies. Many companies use dishonest marketing tactics to persuade consumers and investors that they have a positive impact, making it the investor's responsibility to research public records and evaluate the company's sustainability. 2. Focusing only on compliance The compliance-oriented approach is when companies only highlight their adherence to regulations and critical issues in their ESG programme. This approach gives an impression of reactivity and a lack of initiative to surpass the minimum requirements. Instead, companies should showcase proactive measures to get a competitive advantage and establish themselves as ESG business leaders. Companies must explain their sustainable practices in regions with solid regulations to gain recognition for their high operating standards. 3. Difficulties in measuring international ESG performance Unfortunately, it can be difficult for companies to assess their ESG performance across a global benchmark. Despite the vast amount of other ESG disclosures and data, there are data quality challenges in different regions, particularly emerging markets. For example, while sustainability metric declarations by companies in the S&P 500 index have risen from 20% to over 80%, Asia still lags with varying sustainability disclosures across countries. There are also variations in corporate governance practices within regions such as China and Taiwan. How to Realise Your Company’s ESG Strategy? According to McKinsey & Company, companies can realise ESG goals in these ways: 1. Mapping the business model against each ESG dimension ESG mapping is essential for organisations to analyse and improve their performance. Effective mapping requires a thorough examination of how an organisation's business model aligns with each ESG dimension (environmental, social, and governance). This analysis should examine how the organisation's activities, products, and services impact each dimension and identify gaps between current performance and desired outcomes. Once the analysis is complete, organisations can use the insights gained to develop a plan for improving their ESG performance, and at the same time, enhance their reputation, reduce risks, and create long-term value for stakeholders. To facilitate ESG mapping, companies can use an ESG analytics platform like ecoMax for comprehensive data analysis, near real-time monitoring, benchmarking, and stakeholder engagement capabilities. It enables organisations to make data-driven decisions to enhance their ESG performance and create long-term value for stakeholders. 2. Setting targets and tracking progress To set ESG targets, organisations should first conduct a comprehensive ESG assessment to identify areas for improvement. This involves a detailed analysis of the organisation's ESG performance across all relevant social factors and dimensions, including environmental impact, social responsibility, and governance practices. Once the assessment is complete, the organisation can use the insights to set specific, measurable, and time-bound ESG targets. For example, for sustainability initiatives, an organisation may set a target to reduce its greenhouse gas emissions by 20% by 2025. Organisations should establish a robust ESG reporting and monitoring system. Regular reporting on ESG metrics demonstrating progress and performance can help organisations build credibility and trust. It can also provide valuable insights into areas for improvement and help the organisation refine its ESG strategy over time. 3. Engaging with stakeholders Considering stakeholder interests are fundamental to any ESG strategy. This involves identifying important stakeholders (e.g. employees, customers) and understanding what they value. Forward-looking companies actively engage with various stakeholders to unlock opportunities for all. Technologies like SOL-X can improve engagement with workers by facilitating the evidence-gathering phase during an incident investigation. SOL-X can provide near real-time insights into the causes of incidents, enabling companies to take proactive measures to prevent similar incidents. Harness the Benefits of EHS with Magellan X By implementing ESG frameworks and EHS practices, you create value for yourself and your stakeholders in the short and long term. Magellan X ecoMax and SOL-X can help businesses harness the benefits of both EHS and ESG standards. ecoMax helps companies meet their sustainability obligations through purpose-built technological solutions that monitor carbon emissions. SOL-X provides an industry solution that improves worker safety, helping to anticipate incidents and improves compliance workflows. By using these solutions, businesses can ultimately build better ESG and EHS strategies. Ready to reap the benefits and propel your business? Reach out to our experts at Magellan X for more information today.

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Last Updated: 29 June 2022