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Monday, July 15, 2024

Engro Corporation and DuPont Sustainable Solutions join hands to manage risk across group companies

DuPont Sustainable Solutions (DSS) and Engro Corporation Limited have finalized a partnership agreement to introduce a risk-based framework, programme that will allow for consistent, sustained management of risk exposure across all group companies.   

DuPont Sustainable Solutions (DSS) and Engro Corporation Limited have established a partnership agreement to introduce a risk-based framework, programme, and methodology that will allow for consistent, sustained management of risk exposure across all group companies.

Engro Corporation is a highly diversified conglomerate, with businesses active across four verticals, including energy & related infrastructure, food & agri-solutions, petrochemicals, and telecommunication infrastructure. The risk profiles and associated critical controls across these business units vary widely, therefore the conglomerate is investing in creation of a tailored, comprehensive risk-based improvement programme that will enable Engro Corporation, and each of its group companies, to better define their individual risks, identify relevant control measures, ensure integrity and functionality of the control measures, monitor effectiveness, and improve risk-based decision making.

This will be achieved by first creating a customised risk profiling tool that will provide a dynamic view of all relevant risks, including Major Accident Hazards (MAH), control measures, and meaningful KPIs to drive effective risk management.  Concurrently, an assessment of corporate capabilities and management practices will be conducted to provide further insight on opportunities to improve corporate processes and effectiveness of interactions with individual entities.  DSS and Engro Corporation will use these insights to create a pilot programme across several sites, which will then be followed by a group-wide implementation plan that will allow the conglomerate to sustain improvements.

When it comes to safety and health, environmental issues are the top priority for most of the companies, specifically companies dealing with hazardous materials. Therefore, it is extremely important to become literate about Health, Safety and Environmental (HSE) issues to ensure the wellbeing of the workforce. Engro Corporation that is one of the biggest conglomerates operating in Pakistan is one company that understands the responsibility it bears in this regard and has been striving to ensure strict compliance of its HSE policies.

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HSE is not just a government regulation but also a major objective for companies committed to protecting the health, safety, and welfare of not only their stakeholders but anyone that can directly or indirectly be harmed by their activities.

“In partnership with DuPont Sustainable Solutions, we are adding risk-based HSE management as a new dimension to our existing Health, Safety, and Environment Management Systems to make them even more robust. By enabling proactive identification of risks and control measures, we feel our group companies will be better equipped to effectively prevent or mitigate potential adverse outcomes. In doing so, we aim to ultimately improve the performance of our operations.” says Ghias Khan, President & Chief Executive Officer of Engro Corporation.

Health, Safety & Environment is one of the top most core values of Engro and it is committed to providing the safest working environment to its employees, particularly at manufacturing facilities, whilst remaining cognizant of their environmental duties and responsibilities.

Read More: Engro taking the lead on sustainability

The company has also implemented DuPont Safety Management System which is one of the world’s best process safety management (PSM) systems for which it won the DuPont Global Safety Innovation Award.

“This programme will allow Engro Corporation to have a more accurate view of the risks inherent in each of its businesses and identify the best means through which these risks may be controlled,” says Johan van der Westhuyzen, Managing Director of DuPont Sustainable Solutions, Middle East and Africa.  “It is not easy for conglomerates to make systemic improvements to risk management but, through this programme, Engro will certainly be able to do so.  They will also be well-prepared for any future risks as they emerge – something the COVID-19 pandemic has shown us is critical for success.”