Fatalities on the rise in Sensex Companies

Sensex companies are thought to be safe for workers, however data retrieved has revealed that there has been 99 fatalities in 2016-2017 compared to 86 in the previous period of years.

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Fatalities on the rise in Sensex Companies
Fatalities on the rise in Sensex Companies

The companies which had fatalities were listed as 8, and have about 880,000 employees in total.

Most of these incidents are related to industrial accidents at manufacturing facilities.

The right companies which were caught in fatalities were- Larsen & Toubro (L&T), Tata Motors , Mahindra & Mahindra, Coal India, Dr Reddy’s Laboratories, Adani Ports and Special Economic Zone, Tata Steel and ITC.

Sanjib Bezbaroa, executive vice president and head of corporate environment health and safety reported lower causalities compared to previous years even though results proved otherwise.

ITC has a well-structured approach to safety that is focused on ensuring zero harm for all workers, employees and visitors within our business premises. The number of loss time accidents, of which fatalities are a subset, have reduced significantly, with the total number of employees having tripled,” said Bezbaroa.

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What needs to be examined is if a company belonging to the Sensex which practices the best safety has much causality, imagine what happens in the lesser known companies.

Yasir Ahmad, Partner for Sustainability and Responsible Business Advisory for PWC said it best –  “If we are to analyze on the safety performance statistics of the top companies and see them performing only average on this front, then the performance of Tier 2 and 3 companies would be even less encouraging.”

When looking at causalities across all industries, Gujarat is reported to be the highest number of across India with 272 in 2016.

Shriram Subramanian, MD at proxy advisory firm InGovern explained the situation in Indian companies in terms of casualties-

“India’s working conditions can definitely improve. We are not world-class by any standards, more importantly such data needs to be periodically studied and there needs to be some impetus from companies to improve this metric. There is scope for improvement and I don’t think it is at the top of the mind for companies or the policy makers.”

What needs to be done is specific industry trainings along with strict safety precautions such as helmets being followed. These rules and regulations need to become mandatory if India wants to become a powerhouse in manufacturing and reduce the casualities which not only affect innocent people’s lives but deter its place in development.