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World Day for Safety & Health at Work 28 April 18
Textile Industry Sustainability Forum
Return on Investment
The Financial Approach To
Workplace Injuries & Reducing
Damage Costs
Jillian Hamilton, Manage Damage
Avoid Catastrophic
Year Damage Event Country Event People
Fatalities
$ Impact (US$)
2017 Grenfell United Kingdom Building Fire 80 Council Rehousing Cost - $98.9M
UK Gov’t – Replace Cladding -
$77.5M
2017 Dreamworld
Theme Park
Australia Ride Mechanical
Failure
4 Company Revenue ↓63% ($9.8M
to $3.6M)
2013 Rana Plaza Bangladesh Factory Fire &
Collapse
1135 /
3000
$200 / Person - Total = $227K
$65 / mth / pp for 2 yrs - Total =
$4680K
2012 Karachi Textile
Factory
Pakistan Karachi Textile
Factory
289 Ali Enterprises, manufactured
denim, knitted garments and
hosiery and had capital of
between $10 million and $50
million.
KIK 5.15 M in compensation
2010 Deep Water
Horizon
United States Explosion & Spill 11 Company Total Cost $61.6B (pre-
tax)
World Day for Safety & Health @ Work
Today is a day for promoting safety & health in the
workplace & to honour those who have died from work-
related injury or illness.
2.3 MILLION
PER YEAR DIE AT WORK
313 MILLION
WORKPLACE INJURIES
$2.99 TRILLION
COST OF WORKPLACE INJURY/ILLNESS
WW
Textile Industry Sustainability Forum
What drives decision
making for people,
companies and
countries?
Textile Industry Sustainability Forum
Textile Industry Sustainability Forum
What Language do you speak?
The Financial Approach to Non-
Financial Risk
Risk Dollarisation
Costs of Damage - Relate
$2.99 TRILLION
COST OF WORKPLACE INJURY/ILLNESS
WORLD WIDE
2016
Country Pop’n Nominal GDP $USA
United Kingdom 65.1m 2.6 Trillion
Canada 36.3m 1.5 Trillion
France 64.7m 2.5 Trillion
Italy 59.8 m 1.9 Trillion
Australia 24.3 m 1.3 Trillion
New Zealand 4.7m 181.8 Billion
India 1.3 Billion 2.3 Trillion
Pakistan 193.2 m 283.7 Billion
Costs of Damage - Relate
$2.99 TRILLION COST OF WORKPLACE INJURY/ILLNESS WW
2.6 2.6
1.9
1.5
1.3
0.1818
0.2837
0
0.5
1
1.5
2
2.5
3
United Kingdom France Italy Canada Australia New Zealand Pakistan
Axis	Title
Nominal GDP $USA Trillion - 2016
Winners
Rivalry/Competition/Value
4:1 PROOF
https://www.issa.int/en_GB/-/the-return-on-work-reintegration
ROI
International Social Security Commission
Confirmed
4:1
Return Of Investment
• Improve economic outcomes
• Clear Transparent Accurate
• Marked, Measured & Managed
• Commercially focused people
understand
• Both People and Business Succeed
Create Action
World Day for Safety & Health @ Work
Today is a day for reflection & for
learning about how you can influence
safety in a positive way.
We ask you to consider a Financial
Approach
The numbers don’t lie &
The results are unfounded!!

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Financial Approach to Reducing Workplace Injuries

  • 1. World Day for Safety & Health at Work 28 April 18 Textile Industry Sustainability Forum Return on Investment The Financial Approach To Workplace Injuries & Reducing Damage Costs Jillian Hamilton, Manage Damage
  • 2. Avoid Catastrophic Year Damage Event Country Event People Fatalities $ Impact (US$) 2017 Grenfell United Kingdom Building Fire 80 Council Rehousing Cost - $98.9M UK Gov’t – Replace Cladding - $77.5M 2017 Dreamworld Theme Park Australia Ride Mechanical Failure 4 Company Revenue ↓63% ($9.8M to $3.6M) 2013 Rana Plaza Bangladesh Factory Fire & Collapse 1135 / 3000 $200 / Person - Total = $227K $65 / mth / pp for 2 yrs - Total = $4680K 2012 Karachi Textile Factory Pakistan Karachi Textile Factory 289 Ali Enterprises, manufactured denim, knitted garments and hosiery and had capital of between $10 million and $50 million. KIK 5.15 M in compensation 2010 Deep Water Horizon United States Explosion & Spill 11 Company Total Cost $61.6B (pre- tax)
  • 3. World Day for Safety & Health @ Work Today is a day for promoting safety & health in the workplace & to honour those who have died from work- related injury or illness. 2.3 MILLION PER YEAR DIE AT WORK 313 MILLION WORKPLACE INJURIES $2.99 TRILLION COST OF WORKPLACE INJURY/ILLNESS WW
  • 4. Textile Industry Sustainability Forum What drives decision making for people, companies and countries?
  • 6. Textile Industry Sustainability Forum What Language do you speak? The Financial Approach to Non- Financial Risk Risk Dollarisation
  • 7. Costs of Damage - Relate $2.99 TRILLION COST OF WORKPLACE INJURY/ILLNESS WORLD WIDE 2016 Country Pop’n Nominal GDP $USA United Kingdom 65.1m 2.6 Trillion Canada 36.3m 1.5 Trillion France 64.7m 2.5 Trillion Italy 59.8 m 1.9 Trillion Australia 24.3 m 1.3 Trillion New Zealand 4.7m 181.8 Billion India 1.3 Billion 2.3 Trillion Pakistan 193.2 m 283.7 Billion
  • 8. Costs of Damage - Relate $2.99 TRILLION COST OF WORKPLACE INJURY/ILLNESS WW 2.6 2.6 1.9 1.5 1.3 0.1818 0.2837 0 0.5 1 1.5 2 2.5 3 United Kingdom France Italy Canada Australia New Zealand Pakistan Axis Title Nominal GDP $USA Trillion - 2016
  • 12. Return Of Investment • Improve economic outcomes • Clear Transparent Accurate • Marked, Measured & Managed • Commercially focused people understand • Both People and Business Succeed
  • 14. World Day for Safety & Health @ Work Today is a day for reflection & for learning about how you can influence safety in a positive way. We ask you to consider a Financial Approach The numbers don’t lie & The results are unfounded!!