Messer Case Study on Risk Management Implementation

This case study details the implementation of the Corporater Business Management Platform (BMP) at Messer SE & Co. KGaA, a leading provider of industrial, medical, and specialty gases. The primary objective was to develop a tool that supports Messer's global risk management process, integrating the Risk Management System (RMS) with the Internal Control System (ICS) and Compliance Management System (CMS) as part of their corporate governance framework. The RMS was aligned with the ISO 31000:2018 standard and designed to accommodate existing business structures. Key features included a flexible design, a multi-tier approval process, and support for risk portfolio evaluation using Monte Carlo simulation. The implementation led to improved process control, flexibility in meeting internal requirements, and enhanced reporting capabilities. Additionally, the platform facilitated early-stage risk information reporting and proactive risk simulation processes, significantly aiding decision-making and strategic planning within the organization.