"We are proud to accept this IHS SPECTRUM Excellence Award"
IHS (NYSE: IHS), the leading global source of information and analysis, today announced that Duke Energy was selected as the “Best of the Best” among this year’s IHS SPECTRUM Excellence Award winners based on its use of an enterprise-wide information system to address a host of environmental, health, safety and sustainability (EHS&S) challenges. Duke Energy’s team accepted the award during a ceremony at IHS SPECTRUM 2011, the first gathering of the global IHS EHS&S software user community, which drew more than 500 attendees to Austin, Texas on May 15-19.
“IHS congratulates Duke Energy for demonstrating how innovative information management systems and best practices can help organizations achieve their strategic enterprise sustainability management goals and drive daily operational excellence,” said IHS Vice President-EHS&S Woody Ritchey.
Duke Energy, which is poised to become the largest electric power company in the United States (pending approval of its proposed merger with Progress Energy), was recognized for implementing a company-wide system called e-TRAC (Electronic-Toolkit for Regulatory Assurance and Compliance) that has:
Replaced more than 60 legacy systems – nearly two-thirds of its old spreadsheets, home-grown systems and one-off tools – with one unified, integrated enterprise software solution;
Tracked and maintained more than 1 million chemical inventory records with site-specific lists for more than 6,700 storage locations, as well as consolidating four material safety data sheet (MSDS) systems into one to handle more than 35,000 sheets and more than 50,000 materials;
Established interoperability with leading supply chain information systems so data can flow automatically and continuously from one to the other rather than be imported manually; and
Delivered environmental, health and safety compliance information required for the company’s annual sustainability report.
“We are proud to accept this IHS SPECTRUM Excellence Award,” said Duke Energy’s EHS Manager for Data Analysis and Reporting Giorgina Franklin. “With e-TRAC, we have more complete information and documentation – all in one place, easy to find – for compliance and operational improvements.”
A total of 14 organizations received IHS SPECTRUM Excellence Awards in 2011. In addition to Duke Energy, three other companies from around the world were spotlighted as “Best-of-the-Best” finalists: Asian Paints Ltd., India’s largest paint producer and one of the top ten decorative coatings companies in the world; Ecolab, the global leader in cleaning, sanitizing, food safety and infection control products and services; and Husky Energy, one of Canada’s largest integrated energy companies.
The Excellence Awards gala banquet was one of many highlights from IHS SPECTRUM 2011, where top EHS and IT professionals, industry experts, business executives and other decision makers participated in more than 75 sessions across nine topical tracks -- looking at how information management solutions that combine software, content and expertise can improve EHS performance management throughout an organization in order to reduce operational risks and costs and drive business growth.
About IHS (www.ihs.com) IHS (NYSE: IHS) is the leading source of information and insight in critical areas that shape today’s business landscape, including energy and power; design and supply chain; defense, risk and security; environmental, health and safety (EHS) and sustainability; country and industry forecasting; and commodities, pricing and cost. Businesses and governments around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS employs more than 5,100 people in more than 30 countries around the world.