There’s no shortage of advice on how to measure risk. When Haley & Aldrich Senior Associate Denny Lerch asked Google “how to measure risk,” he got about 317 million results, including many opinions about how risk really can’t be measured. All of this philosophizing can make things difficult for environment, health, safety, and sustainability (EHS&S) professionals when they try to have frank conversations about risk within their own organizations.
With so many different viewpoints, it’s understandable that many organizations develop risk management strategies that just don’t work – or don’t work as well as they should. However, because you can’t accurately assess something you can’t measure, finding the right way to measure EHS&S risk is crucial for organizations.
Denny explored this further in a blog entry, “Three things to do before you can measure EHS&S risk,” recently published on the NAEM website. In the piece, he advises that understanding stakeholders, one’s own organization, and how to foster thorough communication are the necessary preconditions for effective environmental, health, safety and sustainability (EHS&S) risk measurement.