--- title: Enterprise risk management for utilities date: 2023-08-01T09:20:00-04:00 author: jessica napert canonical_url: "https://www.bbaconsultants.com/en-ca/projects/enterprise-risk-management-for-utilities" section: Projects --- BBA worked with CEATI on a research, benchmarking and workshop study to identify the leading and best practices for implementing enterprise risk management (ERM) programs in utility environments. The goal was to provide utilities with recommendations to improve the overall maturity of their ERM practices. - Region Central Canada - Client CEATI 1. ## Our experts' solutions  The study included surveying and conducting workshops with multiple participants, focusing on the four major phases of ERM implementation: context and objective setting, risk assessment, risk treatment and monitoring, and communication and reporting. The project outputs provided recommended best practices for ERM implementation. With the study now complete, BBA provides insights to utilities to successfully integrate corporate risk frameworks into their business operations. 1. - A few major findings include ±60% of utilities follow the ISO 31000 Risk Management Framework - 45% of surveyed utilities assess their corporate risks on a quarterly or more frequent basis - 65% of utilities are not currently using key risk indicators (KRIs) to track different risk categories - 30% of change management programs alone were considered fully successful implementations - [ 29 Jul 2026 Sachin Jari appointed Principal Director & Head of Commercial Strategy and Business Development ](https://www.bbaconsultants.com/en-ca/news/sachin-jari-appointed-principal-director-head-of-commercial-strategy-and-business-development "Sachin Jari appointed Principal Director & Head of Commercial Strategy and Business Development") - [ 27 Jul 2026 Mining and Metals Early tailings decisions shape long-term mine performance - ![Geraldine Cosset](https://www.assets.bbaconsultants.com/bba-production-assets/production/images/avatars/_size_avatar/206707/Geraldine-Cosset.webp) - ![Jared Purdy](https://www.assets.bbaconsultants.com/bba-production-assets/production/images/avatars/_size_avatar/212424/Jared-Purdy.webp) ](https://www.bbaconsultants.com/en-ca/insights/early-tailings-decisions-shape-long-term-mine-performance "Early tailings decisions shape long-term mine performance") - [ 02 Jul 2026 Mining and Metals Python: A key tool for data analysis in mineral processing - ![Charles Blais](https://www.assets.bbaconsultants.com/bba-production-assets/production/images/avatars/_size_avatar/211197/Charles-Blais.webp) - ![Juan Pablo Vergara](https://www.assets.bbaconsultants.com/bba-production-assets/production/images/avatars/_size_avatar/211266/Juan-Pablo-Vergara.webp) ](https://www.bbaconsultants.com/en-ca/insights/python-a-key-tool-for-data-analysis-in-mineral-processing "Python: A key tool for data analysis in mineral processing") - [ 02 Jul 2026 Stéphanie Turbide appointed Office Director, Mont-Saint-Hilaire ](https://www.bbaconsultants.com/en-ca/news/stephanie-turbide-appointed-office-director-mont-saint-hilaire "Stéphanie Turbide appointed Office Director, Mont-Saint-Hilaire") Let’s see what we can do together [ Contact us ](https://www.bbaconsultants.com/en-ca/contact) 1. ## Our experts' solutions  The study included surveying and conducting workshops with multiple participants, focusing on the four major phases of ERM implementation: context and objective setting, risk assessment, risk treatment and monitoring, and communication and reporting. The project outputs provided recommended best practices for ERM implementation. With the study now complete, BBA provides insights to utilities to successfully integrate corporate risk frameworks into their business operations.