Catastrophic risk assurance program
Improved risk management
Global
|
2016-present
150+ materially unwanted events identified.
30+ sites across 11 countries reviewed.
Improved safety and operational performance.
Developed corporate risk assurance program.
Challenges
- There was a need for a corporate risk assurance program to provide confirmation that catastrophic risk and materially unwanted events are under control and appropriate mitigation is in place in the event of an incident.
Solutions
- Developed the framework for the audit, established the standards and criteria, and performed both initial and continued technical audits for a global organization.
Highlights
- The audits covered more than 30 independent metallurgical facilities across 11 different countries.
- The program started in 2016 and is ongoing, covering multiple commodities.
- The program leverages Hatch’s technical SMEs and risk consultants to provide both a gap analysis and risk assurance on all aspects of operational activities.
- Elicited 150+ potentially catastrophic materially unwanted events that required the development of technical or operational interventions including operational and engineering standards.