Whitepaper - A Study Verifying the Link Between Safety and Business Performance

Whitepaper - A Study Verifying the Link Between Safety and Business Performance

Abstract

A statistical study of the construction performance records of Foster Wheeler Energy UK Ltd shows a strong association (R-square = 0.63) between improving safety and improving productivity. This is corroborated by another study of construction performance at a single petrochemical site in Europe. The study indicates that halving safety risk is associated with a 12% improvement in productivity.