Risk Analysis
The purpose of Risk Analysis is to set minimum requirements and responsibilities to ensure that each Facility/Commercial Operation:
- Identifies environmental, health and safety risks;
- Assesses and prioritizes those risks;
- Develops appropriate controls to reduce them;
Effective risk analysis and management ensure that:
- The health, safety and well-being of employees and the public are not compromised;
- Interactions with the environment are managed appropriately;
- The financial performance of the business is protected;
EHS Brasil develops and implements a procedure to:
- Identify and document the risks and associated impact(s) of activities, products and services;
- Prioritize risks using quantitative/numerical criteria;
- Control risks by establishing and implementing appropriate controls for each one;
- Set performance improvement objectives to reduce or eliminate high-priority risks;
- Review and monitor the risk assessment process and the effectiveness of the controls;
Risk analysis is essentially a 5-step process:
- Identify and document risks and the associated impact(s) of activities and services
- Prioritize risks using quantitative/numerical criteria
- Control risks by defining and applying appropriate controls for each one
- Set Performance Improvement Objectives to reduce or eliminate high-priority risks
- Review and monitor to confirm that the risk assessment process was properly carried out and that the controls in place are effective.
Frequently asked questions about Risk Analysis
What is EHS Brasil's Risk Analysis?
EHS Brasil's Risk Analysis is a procedure that sets minimum requirements and responsibilities so that each facility or commercial operation identifies environmental, health and safety risks, assesses and prioritizes those risks, and develops appropriate controls to reduce them, protecting people, the environment and the financial performance of the business.
What are the steps in a risk analysis?
Risk Analysis follows five steps: identify and document the risks and impacts of activities and services; prioritize them using quantitative criteria; control them with measures appropriate to each risk; set performance improvement objectives for high-priority risks; and review and monitor both the process and the effectiveness of the controls.
Why should a company carry out risk analysis and management?
Effective risk analysis and management ensure that the health, safety and well-being of employees and the public are not compromised, that interactions with the environment are managed appropriately and that the financial performance of the business is protected. EHS Brasil develops this procedure and puts it into operation.