Experience in the Implementation of Risk Management in Occupational Safety and Health and Environmental Issues in Extractive Companies
Risk management (RM) as a management technique has developed significantly over the past 20 years globally to address risks. RM is often linked to financial, reputational, and quality risks. The purpose of this article is to shed light on how the extractive sector manages environmental and occupatio...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2023-11-01
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| Series: | Materials Proceedings |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2673-4605/15/1/49 |
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| Summary: | Risk management (RM) as a management technique has developed significantly over the past 20 years globally to address risks. RM is often linked to financial, reputational, and quality risks. The purpose of this article is to shed light on how the extractive sector manages environmental and occupational safety and health (OSH) risks through a number of interviews with extractive industries. These interviews were held as part of the European Commission project “Elaboration of Guidelines for Best Risk Management Approaches in the Extractive Sector” in order to investigate synergies between the areas of the environment and OSH for an effective and integrated risk management approach that stimulates improved performance, leading to overall risk reduction. The interviews revealed how the sector addresses risks, which methodologies are most used, and how risk management is applied in each of the main stages of the extractive value chain. According to these interviews, companies seem to actively search to find corrective measures. On an operational level, most extractive companies use a combination of RM tools and custom-made risk management practices, predominantly for internal use and not for licensing. The extractive sector believes that society’s acceptance is a key element to being licensed to operate. Thus, the management of risks from the perspective of providing high OSH standards and, at the same time, achieving the lowest impact on the environment are key to a productive operation. |
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| ISSN: | 2673-4605 |