The Current State of Process Safety and Operational Risk Management

Risk management has always been a fundamental component of business operations, particularly where it concerns the safety of employees, customers and the communities in which businesses operate. And the growing focus on ESG reporting requirements and performance has further elevated the role of effective process safety management (PSM) and operational risk management (ORM).

of respondents report a gap between their company’s process safety goals and process safety as they experience it. And in a typical month, 33% of scheduled safety-critical maintenance is not achieved.

of respondents believe that technology helps or has the potential to help enable effective process safety and operational risk management, but only 11% make full use of the technology solutions available for compliance and improved, predictive decision making.

of respondents say that process safety management fits into their ESG program.

In years past, we have witnessed the influence of internal and external factors, including global events and macroeconomic trends, and this year is no exception. While the impact of COVID-19 is receding, the COVID-fueled “Great Resignation” is leaving its mark. The repercussions of this loss of knowledge and experience are seen clearly in the survey results that make up our 2022 Safety Report.

Our report shares findings from our survey of 280 PSM and ORM professionals. Respondents represent all corners of the globe and more than 15 different industry segments, including Oil and Gas, Chemicals/Petrochemicals, Manufacturing and Metals and Mining.

Download the report.

Circles-1 (1)
R 013 – Safety Report 2022 copy

Latest insights from Sphera


How to prepare for the unexpected: Looming threats in a connected world

Unrecognized risks in your supply chain

In today’s globalized economy, a well-oiled supply chain is the lifeblood of any business. But what happens when…
July 9, 2024
Wrangler Optimizes Data Collection and Reporting Efforts

Customer Success Story: Wrangler – Case Study

As part of their sustainability approach, Lumileds looked to replace their custom-built, end-of-life software.
July 2, 2024
Mountain bikers ride along grassy mountain ridge

Schwalbe: Driving change in the bicycle industry

Schwalbe Tires is a sustainability trailblazer. The German-based company uses Sphera LCA for Experts to calculate the CO2…
June 27, 2024