ISO 55001
International standard for asset management systems
REACH
EU regulation for chemicals registration, evaluation, authorisation, restriction.
Quick Verdict
ISO 55001 provides voluntary asset management certification for global infrastructure firms optimizing lifecycle value, while REACH mandates chemical registration and risk controls for EU manufacturers ensuring health and environmental safety. Organizations adopt ISO 55001 for governance excellence; REACH for legal market access.
ISO 55001
ISO 55001:2024 Asset management — Management systems — Requirements
Key Features
- Mandates Strategic Asset Management Plan (SAMP)
- Requires formal asset decision-making framework
- Follows Annex SL structure and PDCA cycle
- Emphasizes leadership commitment and integration
- Balances risks, opportunities, performance, and costs
REACH
Regulation (EC) No 1907/2006 (REACH)
Key Features
- Industry-led registration above 1 tonne/year per substance
- SVHC Candidate List triggers communication and notifications
- Annex XIV authorisation for very high concern substances
- Annex XVII EU-wide restrictions and bans
- Supply-chain SDS and exposure scenario obligations
Detailed Analysis
A comprehensive look at the specific requirements, scope, and impact of each standard.
ISO 55001 Details
What It Is
ISO 55001:2024 — Asset management — Management systems — Requirements is an international certification standard specifying requirements for an Asset Management System (AMS). It enables organizations to realize value from assets across lifecycles, using a risk-based, PDCA (Plan-Do-Check-Act) approach aligned with Annex SL structure.
Key Components
- Clauses 4-10 cover context, leadership, planning, support, operation, performance evaluation, improvement.
- 72 "shall" requirements, centered on Strategic Asset Management Plan (SAMP) and new decision-making framework.
- Built on ISO 55000 principles; supports certification via audits.
Why Organizations Use It
- Drives cost optimization, risk reduction, performance balancing in asset-intensive sectors.
- Meets regulatory, contractual demands; builds stakeholder trust.
- Enables integration with ISO 9001/14001; competitive edge via certification.
Implementation Overview
- Phased: gap analysis, SAMP development, process integration, training.
- Applies to utilities, infrastructure, manufacturing; scalable by size.
- Involves audits for certification; 12-24 months typical.
REACH Details
What It Is
REACH (Regulation (EC) No 1907/2006) is a directly applicable EU regulation governing the registration, evaluation, authorisation, and restriction of chemicals. Its primary purpose is to ensure a high level of protection for human health and the environment from chemical risks, while promoting innovation and alternatives to animal testing. It employs a responsibility-shift approach, placing the burden on industry to generate and submit safety data.
Key Components
- Four pillars: Registration (>1 tonne/year), Evaluation (dossier checks, substance scrutiny), Authorisation (SVHCs on Annex XIV), Restriction (Annex XVII bans/limits).
- 17 technical annexes detailing data requirements, SDS rules, and lists.
- Built on risk-based assessments (CSA/CSR) and supply-chain communication.
- No certification; compliance via ECHA submissions and national enforcement.
Why Organizations Use It
- Mandatory for EU market access; avoids fines, seizures, market bans.
- Manages risks, ensures supply-chain transparency, drives substitution.
- Builds stakeholder trust, supports ESG, enhances competitiveness.
Implementation Overview
Phased: inventory substances, prepare IUCLID dossiers, monitor annexes, integrate SDS/comms. Applies to manufacturers/importers/downstream users across industries in EU/EEA. Continuous audits, no central certification.
Key Differences
| Aspect | ISO 55001 | REACH |
|---|---|---|
| Scope | Asset Management Systems lifecycle governance | Chemical substances registration and risk control |
| Industry | Asset-intensive sectors globally (utilities, infrastructure) | Chemicals and product manufacturers in EU/EEA |
| Nature | Voluntary ISO certification standard | Mandatory EU regulation with enforcement |
| Testing | Internal audits, management reviews, certification audits | Dossier submissions, substance evaluations by ECHA |
| Penalties | Loss of certification, no legal fines | Fines, product seizures, market bans by Member States |
Scope
Industry
Nature
Testing
Penalties
Frequently Asked Questions
Common questions about ISO 55001 and REACH
ISO 55001 FAQ
REACH FAQ
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