As in other industries, Relizon Pharmaceuticals also place paramount importance to health, safety and environment aspects of business.
The objective is to minimize the Lost Time Injury (LTI). An LTI is an injury sustained by an employee that will ultimately lead to the loss of productive work time in the form of worker delays or absenteeism.
HSE function is also entrusted with the responsibility to promote the culture of safety in daily working, not only in production, but also in all other functions of an organization. In a manufacturing plant, hazardous working areas like using chemicals or working at heights, use of proper gear equipped with safety features is mandatory.
Other areas in which HSE creates awareness include, safe driving, earthquake drills, use of fire extinguishers, as well as safety precautions during any epidemic.
Finance Executives can expect to receive unplanned expenditure requests related to HSE issues, which depending upon the nature may take precedence. Any delay in investment on HSE may become far more expensive in terms of accidents/incidents on site as well as fines and penalties from the Government. Finance Executive should consider that the return on investment (ROI) in these areas may not always be calculated and the expenditure cannot be justified solely on financial grounds.