Whiteboard Series: Risk Culture

Video Transcript

Operational Risk: Risk Culture

Josiah Allen, Senior Solution Consultant, VelocityEHS

Risk culture is a collective attitudes and behaviors of a company’s employees when it comes to risk.

The aim of a positive risk culture is not to eliminate risk altogether, but to Foster an environment of active effective and responsive risk management.

A company can do this by empowering employees to apply risk management principles in their day-to-day roles.

Here are three key elements that contribute to the development of a positive risk culture.

• Leadership must take the management of risk, seriously and enforce risk management policies processes and procedures.
• Employees need training on the principles and benefits of risk management and recognition for demonstrating positive risk behaviors.
• Integrate risk management with other organizational processes and systems so that the task of managing risk doesn’t seem like an additional responsibility or burden.
• Implementing these practical measures will help your organization develop a healthy risk management culture.

Learn more about operational risks and how velocity EHS can help your company at www.EHS.com