AbstractIntroduction: Traditionally, health safety and environmental (HS & E) investments have been viewed as expensive but necessary. HS & E professionals had a difficult task of providing data showing that these investments can also contribute to business success. An ORC task force developed a way for traditional financial analysis methods to be applied to HS & E investments and decisions. Method: The result of the task force effort is the software called the ORC Return on Health, Safety and Environmental Investments (ROHSEI), a supporting tool to provide a comprehensive look at health, safety or environmental investment projects and their potential financial impacts. Results: Since its development, more than 200 companies, government agencies, and educational institutions have been trained in the ROHSEI process and software. Conclusions: HS & E professionals who are able to evaluate and communicate the business value of health, safety and environmental efforts will improve understanding of the impacts HS & E projects and contribute to better decision making by their organizations.


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    Title :

    Understanding the return on health, safety and environmental investments


    Contributors:

    Published in:

    Journal of Safety Research ; 36 , 3 ; 257-260


    Publication date :

    2005-01-01


    Size :

    4 pages




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English





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