Hi Self and Hasty
I think AK is referrring to HSE's "The tolerability of risk in nuclear power stations", but of equal relevance to your question might be "Reducing risks, protecting people".
I am going to argue that your current working environment is not nearly as low risk as you make out - it just doesn't have huge vessels with molten metal liable to be involved in an explosion and all the other things that can go wrong in a steelworks (including occupational health risks that have historically been poorly managed in the UK - I had a wake up call as part of an audit team in Ukraine!).
Now you may or may not be aware that there is a code of regulations which defines whether the enforcing authority should be the HSE or the local authority. There have been mulitiple iterations of that demarcation policy but some aspects have remained the same - including first and foremost that "higher risk" activities are dealt with by the HSE.
One key point is that if the "main activity" is wholesale or retail warehousing it falls to the local authority as being presumably "lower risk"
....and to be honest when I worked for HSE we didn't tend to spend much time at the warehouses apart from perhaps considering the structural integrity of racking systems and bulk storage of hazardous materials, and that was true whether it was a steelworks, bottling plant or bakery.
But this was a mistake as the statistics actually show that the warehouse is often one of the most dangerous parts of the entire operation! All those vehicle movements in the yard (and the ones on the roads outside that HSE generally chooses to avoid thinking about), accidents at taillifts and so on.
I have never been a fan of those numeric matrices that are so popular - almost invariable fiddled (deliberately or not!), both in terms of assessed severity and assessed likelihood of something going wrong, PARTICULARLY when calculating the "residual" risk if mitigations are in place - and even more so, if there is some directive that the "residual risk" MUST be determined as LOW (sometimes GREEN) or at worst MEDIUM (AMBER).
It is always possible that if you do the assessment properly some risks will still be HIGH (RED) even when all reasonably practicable measures are in place.
.....and if you use e.g. a 5 x 5 matrix it is VERY unlikely that it will adequately highlight the potential disaster that doesn't kill one or two, but many people. Unless you have a severity option of say 25, it is very easy for that type of incident scenario to entirely fall off the radar.
...and for that warehouse as an example one issue would be logistics. For some reason people seem to assume that a high speed vehicle impact kills and a low speed one doesn't - but Department of Transport statistics show that, if anything, the opposite applies!