CSB: Business Case for Safety

Washington, D.C.  – The US Chemical Safety Board (CSB) has released a “Business Case for Safety” that summarizes four major accident investigations. The six-page document shows how safety is good for business and ultimately a company’s bottom line.

Included in the business case are the costs associated with the board’s examination of the 2005 explosion and fire at BP Texas City, the 2010 explosion and fire aboard the Macondo/Deepwater Horizon oil rig, the 2012 explosion and fire at the Chevron Refinery and the 2013 fire and massive explosion at West Fertilizer.

Each of the four CSB accident investigation details both human and financial tolls which these incidents had on the company and the surrounding communities.

The CSB’s “Business Case for Safety” emphasizes that based on its more than 130 incidents it is clear that hundreds of billions of dollars have been spent as a result of chemical disasters in the United States.

CSB Chairperson, Vanessa Allen Sutherland, says, “it is critical that chemical safety lessons are learned and shared among diverse stakeholders and across industries to prevent accidents.”