Colfax Corporation Health, Safety and Environmental – Vision, Policy, Goals and Operations

Health, Safety and Environmental (HSE) Vision Statement

The protection of human health, personal safety and environmental quality rank at the highest level of importance to Colfax Corporation. We operate in a diligent and responsible manner consistent with other world-class corporations and aligned with our stated HSE business goals and policy. We conduct business in a manner to meet or exceed regulations such as those established by the Occupational Safety and Health Administration (OSHA) regulations. Colfax empowers and supports our associates in their ongoing efforts to prevent accidents of all kinds and to promote a safe environment wherever they go. We use comprehensive management systems to demonstrate our commitment to Health, Safety and the protection of our Environment and to the principles of our HSE Policy, bringing value to our associates, customers and the community.

HSE Policy Statement:

  • Colfax actively and visibly manages HSE risk and performance elements in our operations. We meet or exceed statutory requirements in fact and in spirit.
  • Colfax carries our culture of total associate involvement into HSE applications and responsibilities. Colfax’s associates are engaged, supported and accountable in their roles in order to meet HSE objectives and to foster safety and environmental protection at work. Colfax encourages our associates to extend HSE awareness to their activities away from work.
  • Colfax strives for the prevention of problems and we set a zero target for accidents. We subscribe to a prevention-based HSE philosophy backed up with risk management and contingency planning. Investigations of accidents and upsets are conducted as an extension of our commitment to continuous improvement.
  • Colfax associates conduct themselves in accord with the rules and cultures of our hosts, ranging from entire communities to specific work sites. Guests visiting Colfax are provided with the information and protections necessary to ensure their visit to Colfax is safe and productive.
  • Colfax is conscious of our potential impact on the environment, our demand for resources and the life cycle impacts from our products and operations. From design to delivery, we will seek opportunities to conserve resources and minimize detrimental effects on the environment internally and externally.
  • In all aspects, Colfax Corporation will be driven by our core values of environmental protection, safe working conditions and good corporate citizenry.

Our ESAB business also has an additional policy statement for Environmental, Health, and Safety matters, which is available here: ESAB EHS Policy Statement.

HSE Goals:

Colfax Corporation will….

  • Know the site-specific HSE requirements.
  • Have an organized means to attain them and to detect additional requirements or risks.
  • Have clearly defined roles, responsibilities, tasks, checks, procedures and other tools to systematically carry out HSE objectives.
  • Have an active and engaged work force that incorporates HSE into their daily work priorities.
  • Enable effective stewardship of EHS affairs at all management levels. Communicate company strategy and vision in order to align HSE with business goals and vice versa.
  • Constantly improve measures used to mitigate the potential to cause environmental impairment or harm to human health.
  • Improve performance as measured by accident statistics and other meaningful metrics. Set goals and objectives to drive continuous program improvements, striving for excellence consistent with or superior to the performance of the top quartile of our business peers.

HSE Operations:

Consistent with the importance we place on human health and personal safety, we have safety personnel at the corporate, business unit and facility level.  Our Board reviews our safety initiatives at the start of each regularly scheduled Board meeting, and our key leadership reviews safety matters at the start of each quarterly town hall meeting.  Training is provided on an ongoing basis to relevant employees, including executives and other key employees, on human health and employee safety matters. For example, employees receive training on proper ergonomics and handling of hazardous materials to prevent injuries, damage to products or equipment and avoiding environmental contamination and we have invested in disaster and other emergency preparedness training and routinely practice drills.

We also have adopted Safe Work Practices at our manufacturing facilities to help provide a safe and healthy place to work. Among other things, our Safe Work Practices address use of protective equipment, housekeeping and workplace condition and incident and corrective action reporting.  Our businesses  and certain of our facilities conform to internationally recognized standards, including ISO 9001, ISO 14001, ISO 45001, ISO 50001 and OHSAS 18001.

We measure safety using numerous established metrics and report various key performance indicators to senior leadership at both the corporate and business unit level.  For 2019, our total recordable incident rate (per 200,000 hours worked) for our continuing business operations was 0.59.  The rate has decreased for each of the past six full years.

We have numerous recent and ongoing initiatives to reduce incidents and promote human health and personal safety, including the following in 2018 and 2019:

  • Established reporting for major injuries, dangerous occurrences (which are a leading indicator of major injuries) and near misses and enhanced our related data collection processes, trend analysis and incident response capabilities
  • Developed and implemented a Fire Safety checklist in all global plants
  • Completed our first summer of safety campaign in 2018 and continued this initiative in 2019
  • Developed and began the rollout of a new driver safety policy, metrics and communication program
  • Established monthly EHS leader calls and quarterly all-hands global safety reviews
  • Enhanced our focus on additional high hazards, specifically ergonomics (hoists, cranes, lifting and hand safety), electrical and flammable metals
  • Introduced additional sustainability metrics and enhanced our environmental management strategy

Many of our business units have set objectives for key environmental aspects, such as lowering energy and water use, and eliminating hazardous substances. Our life cycle approach enables us to balance opportunities with risks and make choices that contribute value to our economies, our natural environments, and our communities.

We have adopted a Code of Conduct for Business Partners that sets out the expectations and standards that apply to any agents, distributors, dealers, contractors, intermediaries, joint venture partners, suppliers and other business partners doing business with Colfax.  Among other things, the Code of Conduct for Business Partners addresses health, safety and the environment.