This is a common abbrevation used in construction and industry. Some parts of the world use QHSE or other abbrevations, but it all comes down to these four elements;
…SAY WHAT YOU (ARE GOing to) DO, DO WHAT YOU SAY and prove it.
This is the golden standard as it is prescribed in international norms for business management systems. So in order to improve, always follow these three steps (say what you do, do what you say, prove it).
Continuous improvement, that is what businesses should aim for. The way to do that, is through the process of (continously) making a plan, executing it, checking & evaluating the progress/results and finally taking the necessary measures to (re)adjust.
ESG is the next step, evolving from SHEQ. Changing the perspective from outside in to inside out, meaning an organisation will not only look at possible short term risks and opportunities, but also negate long term negative and positive impacts to the world and society.
No matter how you look at it, investment in SHEQ & ESG will always pay off. Either when you are setting up requirements and procedures for maintaining quality and performance, or when you are putting up a training program to make your collegues work safer, healthier and more environmentally friendly.
Example: let’s say you get an accident with a forklift truck in the company that could have been prevented by a one day training (with certificate) for proper use of forklifts. The training wouldn’t cost more than $1.000,- but the costs of downtime and medical expenses for the victims will be tenfold or even hundredfold.
So make sure all elements of SHEQ & ESG are taken care of, dependant on the situation your company is in.