SPHERA: COMPANIES LACK WELL-DEFINED ROADMAP FOR SAFETY IMPROVEMENT MEASURES IMPLEMENTATION

KUALA LUMPUR, Oct 29 (Bernama) -- While most companies have embraced safety as part of their corporate culture, there are still hurdles to overcome to improve their process safety and personal safety performance, Sphera’s new Safety Report reveals.

Sphera®, a leading global provider of Environmental, Social and Governance (ESG) performance and risk management software, data and consulting services, surveyed nearly 350 risk, process safety and health and safety professionals.

“An effective safety culture and efficient safety process helps ensure a healthy workforce and enhanced business performance. However, we are still seeing a gap in how companies link safety and business performance, which highlights a need for a more holistic approach through data, software and expertise,” said Sphera Chief Executive Officer and President Paul Marushka.

Results show that while 75 per cent of the respondents said safety was part of their organisation’s corporate culture, only 40 per cent said they had a well-defined safety performance roadmap in place, based on a statement.

According to Sphera’s Safety Report, creating a safety culture is just as important as being compliant, which has impacted the prioritisation of performance safety drivers.

Respondents indicated the top three key safety performance drivers are reducing operational and major accident hazard (MAH) risk exposure (60 per cent), regulatory compliance (48 per cent), and corporate and board priority (37 per cent).

Employer awareness of the safety hazards facing their workforce has been heightened during the pandemic. Over a quarter (27 per cent) of respondents indicated that the adoption of centralised Health and Safety processes was lagging.

For five years, Sphera produced the highly anticipated Process Safety Management/Operational Risk Management (PSM/ORM) report exploring industry trends in process safety and operational risk management.

However, with the 2021 report Sphera has expanded the overall safety landscape to include health and safety as well. While the occupational safety and health sector has especially felt pressure, companies across all sectors have had to make constant structural adjustments to keep workers safe.

More details at www.sphera.com.

-- BERNAMA