Sustainable Management of Industrial Risk French Example and REACH Regulation

A risk is an event that if it happens, can have positive or negative impact. In fact, we are living in a world driven by risk; however, we are not, in most of the times, aware about the concept of “Risk” especially while we are in the process of decision making. The extreme impact of certain kinds of rare and unpredictable events (outliers), provoke humans' tendency to find simplistic explanations for these events retrospectively, after the fact. This fact, which evolved into theory, has since become known as the black swan theory. The question that imposes itself is how we can approach risks in complex industrial contexts and manage their impacts on the corporations’ productivity and their over whole system, such as new environmental regulations, technology and new innovative technology solutions?