In the aftermath of the Deepwater Horizon event in the Gulf of Mexico, the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) has promulgated a regulation that requires operators of oil, gas, and sulphur in the Outer Continental Self to develop and implement a safety and environmental management system (SEMS).
The October 15, 2010 Federal Register announcement of this regulation indicates that the rule incorporates in its entirety and makes mandatory the American Petroleum Institute’s (API) Recommended Practice 75, “Development of a Safety and Environmental Management Program for Offshore Operations and Facilities.” The rule became effective on November 15, 2010. Read More
In the aftermath of the Deepwater Horizon (Macondo) oil spill in the Gulf of Mexico and the Montara oil spill off the coast of Western Australia, ISO Technical Committee (TC) 67, which focuses on oil and gas issues, has developed an action plan to combat oil spill disasters. Published this past March, the action plan addresses many safety and health facets. Of particular interest is the TC’s proposal to develop an EHS management system standard devoted to this industry.
In the early 1990s, ISO/TC 67 developed a robust integrated EHS management system model. The TC suspended its development activities on the standard in anticipation of the publication of ISO 14001 in 1996 and the development of BS8800 in the UK. Read More
As part of my research this summer on relationships between EHS/S and risk management, I interviewed a group of EHS/S and risk management executives about various aspects of their activities. Prior to the interviews, the interviewees were given the Redinger EHS white paper titled, “360 Vision for Environmental Health, and Sustainability: Anticipate and Avoid Black Swan Events.” A series of questions focused on the needs and challenges of EHS/S and risk management departments. Some of the responses included:
- “I need to know as much as I can about the risks my company faces. I wrestle with having confidence that my team and I have a good understanding about risks that will bite us. I am not sure we have a good understanding about our EHS risks.” Read More
It has been a while since I’ve posted. The summer has been full, working on developing the 360 Risk Management Check-Up™, a high-level diagnostic to measure the EHS/S and risk management function in organizations. Associated with this work, I have been conducting research on the evolution of organizational risk management and growing attention on non-financial risk management (NFRM).
Organizational risk management (RM) concepts and practices have been evolving from a singular focus on financial risk to a more broad focus on enterprise-wide and non-financial risks. Approaches such as enterprise risk management, strategic risk management, value risk management, etc. have been evolving into what is being called NFRM. Read More