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Chevron Wins 2013 “Best Of The Best” IHS SPECTRUM Excellence Award

Stocks in this article: IHS

IHS (NYSE: IHS), the leading global source of information and analysis, today announced that Chevron was selected as the “Best of the Best” among this year’s IHS SPECTRUM Excellence Award winners based on its innovative use of information systems and best practices to achieve environmental, health, safety and sustainability (EHS&S) business goals. Chevron’s team accepted the award during a ceremony at the IHS EHS&S Solutions Workshop in Houston on June 11.

“IHS congratulates Chevron for showing how enterprise-level operational risk information solutions can be successfully leveraged across a multi-faceted global organization,” said Scott Lockhart, IHS Vice President of EHS and Sustainability. “Chevron’s proven ability to enhance critical decision-making and achieve world-class performance through a comprehensive strategy for Enterprise Sustainability Management that drives Operational Excellence will serve as a model for all kinds of businesses around the world.”

Chevron, one of the world’s largest integrated energy companies, is renowned for its leadership in promoting a culture of safety and environmental stewardship through a strong, ongoing commitment to Operational Excellence. In 2011, Chevron’s upstream and downstream businesses both implemented IHS IMPACT ERM ® software for operational risk management in combination with its own groundbreaking Data Analysis and Reporting Tool (DART) warehouse and legacy systems. By creating a unified incident analysis and reporting system that serves more than 26,000 users company-wide, Chevron has:

  • Enhanced health, environmental and safety (HES) business intelligence across the enterprise by providing quality data and historical trend analysis as well as greater transparency and accountability.
  • Provided HES key performance indicators (KPIs) for quarterly and annual corporate sustainability reporting based on Global Reporting Initiative and American Petroleum Institute guidelines.
  • Improved incident analysis and reporting workflows by continually standardizing and driving efficiency – e.g. archiving 12 systems for Management of Change (MOC).

In 2012, Chevron’s performance in Days Away from Work injury rates (DAFWR) and Total Recordable Incident rates (TRIR) were among the best of its peers. Between 2004 and 2012, the company’s DAFWR declined by 78 percent and TRIR rate dropped 53 percent.

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