While there has been continued expansion of corporate ESG efforts, and most companies have embraced safety as part of their corporate culture, there are still shortcomings to address in improving process safety performance, Sphera’s new 2022 Safety Report reveals.
Sphera, a provider of environmental, social and governance (ESG) performance and risk management offerings, surveyed 280 safety professionals from around the world on the current state of process safety management (PSM) and operational risk management (ORM). Results reportedly show that 69% of respondents indicate there is a gap between their companies’ process safety goals and process safety as they experience it. This is a significant increase from the 2021 survey, in which 21% of respondents reported a gap between safety intent and the reality of what happens. The finding that only 67% of safety-critical maintenance is achieved in a typical month illustrates the disconnect between intent and actuality.
Persistent challenges, such as limited resources and limited budgets, could at least partially account for the widening gap, according to Sphera. Trends such as The Great Resignation could also be a contributing factor, because process safety may be compromised when employees leave and their expertise is lost.
The top three challenges identified by respondents as hindering effective PSM are management challenges (46%), training and competency (45%) and insufficient engagement of the front lines to improve awareness (34%). Respondents indicate that the top three key safety performance drivers are reducing operational and major accident hazard (MAH) risk exposure (66%), operational excellence (57%) and regulatory compliance (49%).
The adoption rate of technology solutions is identified as a particular area for improvement in the Safety Report. Virtually all respondents (96%) say that technology enables effective PSM and ORM. However, adoption rates don’t yet reflect the perceived value, with only 11% of respondents indicating that their company utilizes the full range of technology solutions available. A number of factors, such as lower maturity levels and the challenges involved with connecting disparate systems and data, could be attributed to this slow rate of adoption.
Read the press release at: www.sphera.com
