The ninth edition of DNV GL’s integrated management system approach has been launched with increased scope and new tools to measure the health of business processes
The International Sustainability Rating System (ISRS) is used to assess, improve and demonstrate the health of organisations’ business processes.
It provides a range of tried, tested and trusted tools and methodologies, which form an integrated management system, used to assess, flexibly implement, and benchmark safety and sustainability management in a wide range of industries and organisations.
ISRS provides hundreds of companies in the oil and gas, petrochemical, food and beverage, healthcare sectors and many other industries with a ranking of their business processes, based on ten management system aspects, which can be compared to other companies’ rankings internationally.
With ISRS, businesses can demonstrate management control over multiple types of loss including process safety, asset integrity, occupational health, occupational safety, environment, quality, safety, knowledge, energy, and social responsibility.
Also included are updates to numerous standards for quality and environmental management, occupational health and safety systems, as well as standards of corporate social responsibility. Additional advances include a new digital app to enhance incident reporting and faster investigation enhanced digital benchmarking services and new digital dashboards to improve efficiency and customer interaction.
Koheila Molazemi, global service area leader for risk management advisory, DNV GL - oil and gas, said, “ISRS9 represents a major update to the methodology. It has been significantly updated in all areas and will represent best practice in safety and sustainability management for site-based operations.”
“ISRS9 includes the requirements for major international certification standards and provides a digital knowledge platform for advanced assessment and risk management advisory services. All companies have a management system, but many struggles to get their management system implemented effectively,” she added.
Liv A. Hovem, CEO, DNV GL–oil and gas, noted, “Regulators, customers, employees and society expect the highest standards of safety and sustainability. In this highly connected and media savvy world, a company’s brand reputation is vital and if damaged can have considerable financial consequences. Using ISRS gives organisations and their stakeholders’ confidence that their operations are safe and sustainable.”
