One of the country’s largest independent safety and risk consultancies – with offices in London – has been awarded a top industry award at what is considered to be the Oscars of the risk management industry.
Corporate Risk Associates (CRA) – based on Regent Street – has been awarded the title of Risk Management Specialist Company of the Year at the CIR Annual Risk Management Awards. The awards recognise those businesses and teams that have made a significant impact to the understanding and practice of risk management.
Founded in 2000, CRA has carved a reputation for managing safety, reliability and risk across the nuclear, oil & gas and defence industries over the last 15 years.
The company is also taking its skills into new markets as it moves into other sectors delivering bespoke services to safety critical industries including process, power and transport.
Speaking about the award win, Jasbir Sidhu, founder and CEO of CRA said: “Winning Risk Management Specialist Company of the Year really is an honour for us and something we’re incredibly proud of. This award is particularly important as it recognises that – as an SME operating in this industry – our commitment to promoting the understanding and importance of risk management has been acknowledged not only within the industry, but amongst the many clients we work with.
“For us it really demonstrates that the bespoke services we offer our clients – in very complex and regulated sectors – are highly valued and the importance of comprehensive risk management is very much starting to be understood and realised within the sectors we operate.”
As part of its offering, CRA delivers a range of services to safety critical industries and boasts some of the big six energy suppliers together with the MOD as part of its extensive client base.
Services include supporting with the safe design, construction, commissioning and operation of facilities and making sure equipment and staff perform reliably and safely to reduce operational downtime. The company also delivers risk assessment and prevention to ensure overall plant efficiency and supports clients with key services that ensure regulatory requirements are met in hazardous environments.
“Our industry is very complex”, added Jasbir, “For many companies the cost of risk management is often seen as an unwanted expenditure. The reality is that the cost of not doing it appropriately either at the start of a project and/or during its lifetime can be significantly more costly in the long term. Operational downtime and the potential legislative costs can be significant if not crippling for a company.
“This award very much acknowledges that clients and businesses across the UK and globally are starting to see the importance of incorporating risk management into their overall business planning from the outset as well as seeing the value in engaging with the right business partner to deliver it.”
