TY  - JOUR
PY  - 2019//
TI  - Strategic accident reduction in an energy company and its resulting financial benefits
JO  - International journal of occupational safety and ergonomics
A1  - Reiman, Arto
A1  - Räisänen, Tuomo
A1  - Väyrynen, Seppo
A1  - Autio, Tommi
SP  - 153
EP  - 160
VL  - 25
IS  - 1
N2  - This study provides a case example of an energy company that prioritised occupational safety and health and accident reduction as long-term, strategic development targets. Furthermore, this study describes the monetary benefits of this strategic decision. Company-specific accident indicators and monetary costs and benefits are evaluated. During the observation period (2010-2016), strategic investments in occupational safety and health cost the company EUR 0.8 million. However, EUR 1.8 million were saved in the same period, resulting in a 2.20 cost-benefit ratio. The trend in cost savings is strongly positive. Annual accident costs were EUR 0.4 million lower in 2016 compared to costs in 2010. This study demonstrates that long-term, strategic commitment to occupational safety and health provides monetary value.<p />  <p>Language: en</p>
LA  - en
SN  - 1080-3548
UR  - http://dx.doi.org/10.1080/10803548.2018.1462990
ID  - ref1
ER  -