Even before the financial crumble of 2008, the approach to risk management was evolving towards the holistic concept of the enterprise and its environment. Experience gathered during that period confirmed previous directions of changes. Only an integrated approach allows for efficient management of risks, their assessment, implementation of correct control mechanisms, and finally for appraising the effectiveness of undertaken actions.
Perfecting the organisation
In 2005 Raben Group implemented the first versions of the “Risk Management Policy”. Since that time this topic has been gradually expanded to cover wider scope of operations of our companies. It is used, among others, in Business Continuity Systems, Occupational Health and Safety or assessing legal risks (Compliance Policy). Risk management is also important in operations. During reviews of identified dangers, inventories of the existing control mechanisms and their efficiency, which are regularly conducted by operational departments, it is possible to identify the so-called first-tier risks which must be taken care of with special attention. Many areas have been identified which are managed by Raben companies through influencing the impact, as well as their probability. Among them, fire risk is of great importance.
An important initiative within the integrated management systems is conducting trainings which raise the awareness of Employees responsible for operations and sales of services. Within the programme, Employees are able to, e.g. expand their knowledge of fire protection standards. Additionally, control mechanisms have been implemented in order to thoroughly analyse the goods stored in individual warehouses with reference to the design assumptions of the particular facility and its fire protection.