Cyber-attacks are a growing risk to society, business, and industry. Especially the chemical industry. A 2021 UK government study estimated that cyberattacks cost the industry in general £1.3 billion a year. Hiscox reported in 2022 that a fifth of businesses…
History teaches us that major accidents have multiple causes. While immediate causes may stem from poor design, equipment malfunctions or errors made by frontline staff, the deeper underlying reasons are often traced back to organisational shortcomings. These shortcomings manifest as…
The Three Lines Model* is a widely recognised framework for helping organisations of all kinds – in size, complexity, and industry – to improve governance and risk management. Designed to focus on assurance of systems and procedures, it looks at…
The challenging operating environment of 2024 thus far has pushed the issue of supply chains to the fore with terrorism in the Red Sea area, as well as the hostilities in the Middle East. Thankfully, energy prices are now abating…
As the focus on ESG Materiality continues to gain prominence in the realm of business reporting requirements, the perspective of those in the process industries regarding materiality becomes crucial. Where should the emphasis lie? While most financial stakeholders typically prioritise…
Let’s face it, pretty much every business uses Microsoft or an equivalent as its staple office software provider. Productivity, communication, and efficiency were transformed by the rapid introduction of these packages in the 90’s. Spreadsheets are often the default package…
According to research conducted with process safety management professionals, those involved in process safety see a number of challenges in delivering effective process safety management programmes. From a recent survey*, 65% acknowledged a gap between their company’s process safety goals…
The chemical industry, a cornerstone of global manufacturing, is undergoing a transformative period marked by numerous challenges and opportunities. Delving into the complexities and key issues facing the sector, it’s evident that a multifaceted approach is essential for sustained growth…
Compliance-based and risk-based strategies for managing and enhancing organisational processes represent two distinct approaches. Each has its own set of principles, methodologies, and objectives, catering to different priorities and circumstances. However, it is important to note that the two approaches…
Leadership in process safety (PSL) plays a crucial role in cultivating a robust safety culture within an organisation. PSL necessitates the commitment and accountability of senior management and leaders to make process safety a fundamental value and strategic priority. This…