Corporate Budget Allocation for Health, Safety on the Rise: Study

Companies are increasingly committed to safer processes, environment protection

Businesses in India are no longer putting in place environment, health and safety (EHS) initiatives as a matter of compliance but as a means to enhance their global standing, protect employees, and behave responsibly towards society and the environment.

In developed countries, all places of work — industries, offices, universities, medical institutions, government and social organisations – adhere to environment, health and safety (EHS) standards. But in India, an estimated 82 per cent of workplaces do not comply with EHS norms, according to a cross-sector survey by research and consulting firm Kaybase. There is, however, a growing consciousness of the need to comply with such safety requirements.

“We consider our co-workers family, yet are not conscious of their safety,” observed Sandip Ghose, COO of Birla Cement, adding: “That is probably because, even at home or in our personal lives, safety awareness is low. We treat accidents as an act of fate. Thankfully, the attitude is changing. Enlightened corporates can play a major role in making this shift — not just in factories and workplaces, but also at home and on the road.”

Source: The Hindu BusinessLine

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