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