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Guidance on Workplace Safety and Health (WSH) Reporting
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What is WSH Reporting?
WSH reporting is the provision of WSH information by companies in their annual reports.
The content for reporting can be broadly categorized into WSH performance, policies, and
targets. Although the law does not mandate companies to report their WSH information,
the Workplace Safety and Health Council considers this a good practice to adopt.
Why report on WSH in Annual Reports?
In today’s highly globalized world, there is growing demand for increased corporate
transparency and accountability. Organizations face increasing pressures for more
disclosures on various aspects of their corporate performance that includes social, ethical
and environmental considerations.
There is an increasing recognition that WSH reporting contributes to good corporate
governance as it is a key component to improve corporate disclosure. Reporting on WSH
issues demonstrates a company’s commitment to effective workplace WSH management
for the prevention of injuries at the workplace. The company’s open approach to managing
WSH matters enhances organizational credibility among their investors.
WSH reporting also enhances the corporate social responsibility (CSR) profile of
companies. WSH forms an integral part of CSR. CSR essentially integrates economic,
social, ethical and environmental concerns in business operations. The major social
concerns include the welfare of key stakeholders in an organization; especially employees.
Therefore, safety and health at work, as part of employees’ well-being, places WSH as a
key component of any corporate CSR agenda.
Today, CSR has gained momentum as an important priority for companies and is being
mainstreamed to form part of business performance monitoring and reporting. Many
reporting guidelines and tools for measuring CSR performance also incorporate WSH
issues. Therefore good WSH performance and practices can be leveraged as a positive
aspect of CSR for corporate branding and creating stakeholder value.
To View the Guidance on Workplace Safety and Health (WSH) Reporting,Please Click Here .
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