In response to what is being called a “lack of standardisation”, Safe Work Australia has released the third paper in the series on the ‘Role of Accounting in Work Health and Safety Governance’.
The paper titled, The business case for safe, healthy and productive work outlines a standardised set of indicators businesses can use in annual reports as well as guidelines for the development of lead and lag indicators relevant to the size and nature of the business.
Safe Work Australia says that, “The business case for work health and safety is generally misunderstood and poorly analysed”
“Currently there is a lack of standardised and accepted indicators to measure the work health and safety performance of organisations and businesses at the organisational level,” a prepared statement issued by Safe Work Australia said.
“Work health and safety information can and is being reported on a voluntary basis, however reporting is often selective and inconsistent. This hinders comparisons of work health and safety performance and due diligence reporting over time and across organisations.”
Safe Work Australia says the aim of the project is to develop a standardised set of indicators businesses can use in annual reports as well as guidelines for the development of lead and lag indicators relevant to the size and nature of the business.
To review the paper visit the Safe Work Australia website.
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