The Oil and Gas landscape has changed significantly in the past ten years, with changes in OH&S legislation, political spotlights & controversies on the industry, and now, a taxpayer-owned pipeline, employers will have to decide if they are agile enough to sink or swim.
In an increasingly risk-averse industry, Worker’s Compensation and Health and Safety statistics are given significantly more weight by Hiring Clients as they seek performance assurance. The impact with lack of performance with serious incidents has an enormous effect on high-risk industry sectors industry.
Industry is being held to account with media, regulators and investors. Every negative event carries significant collective consequences that impact the social license to operate. This causes real-world business pain:
· Negative impact on revenue/earnings
· Delays with project approvals and completions
· Increased regulatory investigations and scrutiny.
· Public demand for criminal code charges and convictions – being led by labour and victim groups, and
· Loss of attraction and retention of investment dollars.
This is an undeniable trend that is greatly accelerated with emphasis on environmental, social and governance (ESG) performance.
a shift in workplace safety must be top of mind in order to remain competitive. Businesses must think and operate differently.
In our panel discussion Kessie Stevens, Rob Steward and our client will discuss what the new bar of safety system compliance is trending to, how employers should respond, and what the financial & criminal risk of non-compliance can result in.