Promoted content: Fire safety is as critical during economic downturns

Organisations that are true to this usually operate more efficiently and have advanced levels of performance. Research shows that businesses that effectively protect assets and personnel are more likely to add value to their business and enhance productivity levels whilst seeing reductions in overall costs. This is aligned with the pursuit of social, economic, and environmental objectives, the triple bottom line (TBL) of operations that embraces the complete value chain.

Robust operations require total commitment to quality management, sustainability issues, environmental responsibility, and operational safety. Unfortunately, in many cases, commitment to safety is only observed when the economy is on an upward trajectory, and resources are plentiful. In an economic downturn, matters are worse as the importance of safety may be diluted as companies go into survival mode and become preoccupied with other business challenges.

Aside from the ethical and moral aspects of ensuring a safe environment, safety also plays a part in a number of elements that allow organisations to grow regardless of economic conditions.