A SAFER Standard: ISO 31000
Risk reduction is the ultimate measure of success for any Process Safety Management program. However, operational risks are often managed on disparate systems relegated to support functions, with a focus on compliance. Prioritization and proactive engagement are required to mitigate operational risks effectively; however, in many cases, operational risks are not part of the executive level discussions regarding risk mitigation.
Introduced in 2009, and updated earlier in 2018, the ISO 31000 standard offers organizations a universal framework for integrating risk management into its overall management system. Chemical process facilities face risks that can have extreme consequences regarding economic performance, brand value, as well as environmental, safety and societal impacts. Using the ISO 31000 standard, organizations can develop an enterprise risk management framework that addresses chemical process risks systematically and comprehensively.
ISO 31000 Risk Management Update
The ISO 31000 Framework recently underwent a revision to address the evolution of risk and risk management framework over the last decade. The update simplifies the standard language used and focuses on value and creation as the core purpose of risk management. The standard includes eight principles that help improve the ISO risk management framework and process. See Figure 1.
Integrating risk management into an organization’s operations and decision-making processes is key to ISO 31000 Risk Management standard. Read Application Rationalization and Corporate Alignment to learn more about the importance of corporate alignment around a risk management strategy. Collaboration between cross-functional Environmental, Health, and Safety teams is crucial to an organization’s success in effectively managing risk. Improving collaboration starts with enhancing data accessibility to all interested stakeholders.
A SAFER ISO Risk Management Framework
SAFER One™ supports many of the goals of the ISO 31000 standard, providing tools that allow the organization to address the majority of the ISO 31000 framework, processes, and principles. The cloud-based platform provides a scalable approach to chemical safety by integrating with facility gas and weather sensors to provide accurate real-time data to all relevant stakeholders. Improving data accessibility for stakeholders allows organizations to cultivate other ISO 31000 principles like using the best available information and including cross-functional stakeholders in risk management decisions.
SAFER One is truly unique in its ability to monitor, model, and mitigate chemical incidents in real-time. The platform’s numerous modeling algorithms, including proprietary patented models that enable the organization to better identify, analyze, and evaluate the risk posed by toxic chemicals. With multiple user permissions, support for corporate hierarchy, single sign-on capabilities, and active directory integration, SAFER One offers an enterprise risk management framework for the chemical sector.
To learn more about ways that SAFER One support the ISO 31000 standard and chemical safety at your plant, call 805.874.5414 or email email@example.com.