Lubricants company carries out risk assessments

To protect the value of your business, continuous risk management needs to be a cornerstone of your operation. Carried out correctly it can help you to be more productive and more successful.

Risk management, especially where health and safety is concerned, is becoming an essential part of business planning.

Castrol suggests that its H and S Risk Assessment is an ideal starting point for companies in the metalworking industry.

In today's competitive manufacturing environment effective risk management is more than just good business practice, it's absolutely essential.

Companies that act to minimise risk stand a much better chance of succeeding, and that means accurately identifying, evaluating and managing the impact of risk.

In particular the daily health, safety and environmental risks that come from simply operating a business, may be one of the greatest threats - especially when it affects people.

Given that the average cost of an incident is estimated by HSE to be between GBP 17,000 and GBP 20,000, there can be a significant cost saving if the number of incidents is reduced.

There is also extensive evidence of the serious consequences of getting HSE wrong.

Getting it right on the other hand, can generate extra value for a business by minimising waste and risk.

With its global experience in lubrication management, Castrol is able to help its customers better understand these risks by conducting a Risk Assessment that is structured, business focused, highly efficient and tailored to each company's needs.

Because Castrol operates in the same industry with the same HSE challenges, the Assessment and the risk management programme can, in most cases, be completed in just two sessions, which means businesses don't have to devote vast amounts of time to the exercise.

The Assessment is designed to highlight and address the main HSE risks through an understanding of customer objectives such as regulatory compliance, ISO certification standard, best practice programmes, etc Unique software is used to work with the customer in benchmarking current performance and highlighting areas for potential improvement.

The gap analysis report it generates is then used as the basis for selecting solutions tailored specifically to each customer's needs, including training, equipment, systems and advice.

To protect the value of your business, continuous risk management needs to be a cornerstone of your operation.

Carried out correctly it can help you to be more productive and more successful.

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