Our Safety Record
Cabot believes it is essential to establish targets and metrics to maintain our focus on improving our safety record every year. By doing this, we encourage all our employees to maintain their focus on safety. The three primary corporate metrics Cabot utilizes are Recordable Incidents, Total Recordable Incident Rate, and Incident Severity.
Cabot continues to dramatically reduce the number of occupational injuries and illnesses sustained by employees and contractors that occur while working at Cabot facilities. Since 2000, the number of such incidents has been reduced by more than 65 percent.
Cabot applies the US Occupational Safety & Health Administration (OSHA) definition of a "Recordable Incident" across the globe. Unlike many companies, our metrics include contractors as well as employees. In addition to setting rigorous goals, our continuous improvement process includes conducting diligent root cause analysis, broadly sharing the learnings from each incident, planning and evaluating work before it is done, and implementing consistent global standards that go beyond compliance.
The TRIR metric is valuable because it identifies the number of Recordable Incidents per 200,000 hours worked. TRIR allows us to compare our safety performance with industry peers. Since 2000, we have reduced our TRIR by more than 70 percent. Cabot's 2008 TRIR positions us well below the average of our chemical industry peers. Although our TRIR is among the best of any global industrial manufacturing company, we continue to evaluate and implement additional opportunities to improve our safety performance.
Injury and Illness Severity Performance
Although there are many different methods available to measure incident severity, we measure the number of recordable incidents that result in time away from work. Since 2000, the number of incidents resulting in lost time has decreased by 65 percent.
In addition to these three key corporate metrics, Cabot utilizes other measurement tools, including various leading indicators, to evaluate and improve its safety performance.
| Process Safety Cabot's development of an internal metric for Process Safety Events. |
