The fire triangle explains that there are three ingredients for most fires – heat, fuel and an oxidising agent. If you want to control a fire, you reduce the fuel, oxygen or heat. Sprinklers, which are the most commonly used fire protection system, address the heat and fuel legs. But now there’s a new kid on the block, which aims to solve the problem differently: oxygen reduction systems (ORS). Michael Stuckings, Operations Chief Engineer at FM Global Australia explains why caution is needed on oxygen reduction systems.
The coronavirus (COVID-19) outbreak has forced unprecedented sudden closings of facilities around the world. This article outlines some important steps to take to help minimise property loss during and after shutting down a facility.
Lithium-ion battery-based energy storage systems (ESS) are in increasing demand for supplying energy to buildings and power grids. However, they are also under scrutiny after a number of recent fires and explosions. To increase awareness of what can be done to improve safety around this technology, commercial property insurer FM Global has publicly released groundbreaking research and recommendations.
While the fires may have eased, the impact to Australia’s business community is significant. The economic damage from the bushfires devastating Australia’s eastern seaboard alone is likely to exceed the record $4.4bn set by 2009’s Black Saturday blazes, Moody’s Analytics has said. With summer not yet over, the bushfire threat unfortunately continues meaning everyone must remain vigilant and take steps to ensure that they mitigate the risk.
If we have one job as CFOs, it's protecting the value of our companies. One of the most insidious threats to corporate value is sudden disruption from events like fire, hurricane, flood, earthquake or cyber attack—disruption that is ostensibly insured. We tend to be vaguely aware of this risk, but rarely do we put numbers to it.
While acquisition strategies are an essential part of fuelling future growth, the risk implications are often extensive. The acquiring business must address these throughout the transaction and subsequent integration process.