Residual Risk Rating Matrix Types of Impact Consequence Ratings Measure VL L M H VH Economic Financial Impact <$100k $100k-$500k $500k-$1m $1m-$10m >$10m Environmental Environmental Managed incident with Localized and short term Widespread but short term Widespread and long Widespread and Impact negligible impact on public effects on local effects on local ecosystem / term effects on local persistent effects amenity ecosystem / amenity amenity value / commerce ecosystem/ amenity requiring specialist and value / commerce value/ commerce. Likely extensive long term to lead to prosecution clean up and/or and fines. rehabilitation plan Social Damage to Adverse Internal Adverse corporate Negative local media reports. Negative reports on Prolonged adverse Reputation communications only - communications. Short Adverse contact from national media. and national media within own BU term local media interest Regulators, Councilors etc. Significant adverse coverage. Sustained but manageable contact from Regulators, criticism of organization Councilors by regulators and politicians Legislative Compliance with Minor breach. Adverse Statutory body Statutory body notification Statutory / regulatory Major breach. Potential Existing Legislation internal communications notification but no with further external instruction requiring for prosecution with only within own further action. Raised to investigation. Criticism of fundamental change in severe fines and/or Department. senior management team organization with strategic objectives or imprisonment. Potential and triggers investigation. requirement for localized global management revocation of regulatory corrective actions practices license Health and Safety Safety Minor injury(s) with no Reportable injury with Significant injury requiring Serious injury or work Fatality of one or more associated lost time lost time (typically < 3 short term hospitalization related illness causing people or long term days) long term disability disability affecting several people Functional Condition Asset in "As New" condition Asset in "Good" condition in "Fair" condition Asset in "Poor" condition in "Failed" condition CLOS Minor CLOS deficiency in Minor CLOS deficiencies Moderate CLOS deficiencies Major CLOS deficiency in Major CLOS deficiencies single area. in multiple areas. in multiple areas. single area. in multiple areas. of Impact Likelihood Ratings Measure VL L M H VH Base Horizon Likely to occur beyond Likely to occur within Likely to within 4 to Likely to occur within 2 to Occurred or occurrence Maintenance 10 years 5 to 10 years 5 years 3 years imminent Likelihood of ≤5% ≤10% ≤25% ≤50% ≤100% occurrence
Residual Risk Rating Matrix Types of Impact Consequence Ratings Measure VL L M H VH Economic Financial Impact <$100k $100k-$500k $500k-$1m $1m-$10m >$10m Environmental Environmental Impact Managed incident with negligible impact on public amenity Localized and short term effects on local ecosystem / amenity value / commerce Widespread but short term effects on local ecosystem / amenity value / commerce Widespread and long term effects on local ecosystem/ amenity value/ commerce. Likely to lead to prosecution and fines. Widespread and persistent effects requiring specialist and extensive long term clean up and/or rehabilitation plan Social Damage to Reputation Adverse Internal communications only - within own BU Adverse corporate communications. Short term local media interest Negative local media reports. Adverse contact from Regulators, Councilors etc. but manageable Negative reports on national media. Significant adverse contact from Regulators, Councilors Prolonged adverse and national media coverage. Sustained criticism of organization by regulators and politicians Legislative Compliance with Existing Legislation Minor breach. Adverse internal communications only within own Department. Statutory body notification but no further action. Raised to senior management team and triggers investigation. Statutory body notification with further external investigation. Criticism of organization with requirement for localized corrective actions Statutory / regulatory instruction requiring fundamental change in strategic objectives or global management practices Major breach. Potential for prosecution with severe fines and/or imprisonment. Potential revocation of regulatory license Health and Safety Safety Minor injury(s) with no associated lost time Reportable injury with lost time (typically < 3 days) Significant injury requiring short term hospitalization Serious injury or work related illness causing long term disability Fatality of one or more people or long term disability affecting several people Functional Condition Asset in "As New" condition Asset in "Good" condition in "Fair" condition Asset in "Poor" condition in "Failed" condition CLOS Minor CLOS deficiency in single area. Minor CLOS deficiencies in multiple areas. Moderate CLOS deficiencies in multiple areas. Major CLOS deficiency in single area. Major CLOS deficiencies in multiple areas. of Impact Likelihood Ratings Measure VL L M H VH Base Maintenance Horizon Likely to occur beyond 10 years Likely to occur within 5 to 10 years Likely to within 4 to 5 years Likely to occur within 2 to 3 years Occurred or occurrence imminent Likelihood of occurrence ≤5% ≤10% ≤25% ≤50% ≤100%