Improving Sustainability through Reasonable Risk and Crisis Management

Improving Sustainability through Reasonable Risk and Crisis Management

Jan 16th, 2019

Improving Sustainability through Reasonable Risk and Crisis Management is the title of our 2007 book.

Improving Sustainability through Reasonable Risk and Crisis Management

The book has sold through our website in 34 countries to individuals and CxOs eager to get a look into quantitative and rational risk management.

Today, one can easily state that sustainability is a big topic in the Western chemical and mining, oil & gas industries. Companies want to be sustainability leaders although in some cases their claim sound more like PR campaigns.

A recent article discusses sustainability in the Chinese chemical industry

The article appeared in China Chemical Reporter, December 6, 2018 and was written by a LinkedIN contact, Dr. Kai Pflug

The paper states that the Chinese chemical industry is at the beginning of the sustainability awareness approach. It also discusses what sustainability means in that context, essentially:

  • preserving the environment and
  • ensuring long life to the business.

Both help preserve the reputation of the company intact, ensure its Social License to Operate (SLO) and foster Corporate Social Responsibility (CSR).

The question is asked of the increased relevance of sustainability for China´s chemical industry? Here is a list of some of the reasons:

  • like everywhere else in the world, government policy related to environmental protection are tightening and will tighten further in the future.
  • Companies see the possible competitive advantage generated by increased sustainability of their operations and, finally,
  • customers pressure asking for more sustainability of their suppliers.

Finally, the paper discusses the meaning of focusing on sustainability. Of course, the paper states that health, safety and environment (HSE) are major target areas also due to public concerns. However, it rightly indicates the HSE focus is a mere beginning. Another paramount area for improvement is in the production process decision-making.

Improving Sustainability through Reasonable Risk and Crisis Management

At Riskope, back in 2007 we were already fostering the idea that sustainability risk and crisis management are tightly linked and intertwined.

The book shows the principles leading to understand how to:

  • Create risk assessments.
  • Select the option of management best suited to you.
  • Evaluate and prepare for crises.
  • Define acceptable and tolerable risks.
  • Make better, sustainable and well documented decisions and finally
  • how other organizations have behaved in the past

More recently, we wrote a chapter in a INTECH book entitled Geohazards Caused by Human Activity. The chapter title is “The Long Shadow of Human‐Generated Geohazards: Risks and Crises”.

Here again we focus on how human activities alter the geosphere and thus may generate risks and crises. We show how some decisions may be against the principles of geo-ethics and of course, how they car reduce sustainability of enterprises and their operations.

Today, after over twenty years of activity specifically related to risk reduction and sustainability enhancements we can state that our clients have certainly gained leadership, competitive edge and profitability by following the results of ORE deployments.

The future lies with Optimum Risk Estimates (ORE)

It is time to abandon self-blinding exercises of business analysis that omit looking at the full upward and downward risk landscape.

The future lies in Optimum Risk Estimates (ORE) allowing you and your organization to boldly go where competitors will fail, because they are blind.

Contact us to learn how.

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Category: Consequences, Hazard, Risk analysis

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