The OECD Guidance on Change of Ownership in Hazardous Facilities is a concise document providing a framework to assist stakeholders to identify, understand and minimise the risks during and after a change of ownership at a hazardous facility, and help make the change of ownership a better informed process.
The guidance provides:
Ownership change transactions are very common in hazardous facilities and can potentially affect the safety management of a facility.
If not handled well, the effects of a change of ownership can be severe and significant, creating uncertainty in the companies involved and leading to an increase in occupational, process safety, environmental and major accident risks.
What are the key elements to consider for a well-informed change of ownership at hazardous facilities and minimise potential risks of chemical accidents?
Stakeholders involved in an ownership change should be aware of the hazards that those facilities are capable of posing, and understand that these hazards can lead to accidents with effects that extend far beyond their boundaries potentially affecting the public and the surrounding environment. They should also understand the responsibility they have for preventing such accidents and mitigating their consequences. Before, during and after the transaction the management of safety should be a priority for all.
This guidance is a high level document and aims to: