There are too many standards so nobody follows them.
In some industries, especially large ones with their own standards such as the Automotive industry:
Red = Running / Energized / Operating / Dangerous conditions
Green = Ready / Safe / Standby
White = Power Available, usually Control Power Available
Amber / Yellow = Alarm / Alert / Fault
In other industries, food production for example where there are a lot of untrained workers, they use the "Traffic Light" scheme because their unsophisticated workers can relate to it:
Red = "Stopped" / Off / Safe
Green = "Go" / Running / Energized
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