Suncor Enterprise Risk Management

Suncor has developed an Enterprise Risk Management approach that builds off the risk management and related controls elements in Suncor's Operations Excellence Management System. Discussion includes insight into the concept of ERM and its implementation as well as the auditing program used by Suncor for verification of risk and control management. Suncor’s Operations excellence management system is proved as a case study to explore how it

  • provides a framework for company policies, standards, and procedures to support the goal of operational excellence
  • lays out the requirements / expectations for the management of operational risks inherent in Suncor’s businesses
  • contains the requirements for the development and sustainment of an effective risk and hazard identification process and effective processes to mitigate risks
  • provides long term benefits of system

Presenter: John Wolfe, Director Operations Integrity Audit Suncor