CSHS Publishes Sustainability White Paper

CSHS-White-Paper-Sustainability_RGB_300Center for Safety and Health Sustainability (CSHS) has issued a white paper, “The Accounting Revolution and the New Sustainability: Implications for the Occupational Safety and Health Professional.” Designed to advise and educate OSH professionals about emerging trends in sustainability and financial accounting, the report presents a comprehensive analysis of current sustainability policies and practices, as well as implications for OSH oversight and management.

With the increasing recognition that many nonfinancial topics such as OSH are material, the OSH profession stands to benefit from a dramatic transformation of the way that OSH is viewed and managed by organizations.

OSH professionals should expect to see an expanded notion of capitals in reporting, which moves beyond traditional reporting on financial and physical capital to include human, natural, intellectual and social capitals that are also acknowledged to be essential to organizational growth. OSH professionals should expect to see emphasis on the importance of human capital to an organization, in particular.

“By integrating OSH performance into effective sustainability reporting, business leaders and investors will have more interest in OSH as a foundational aspect of human capital in their world of economic, social, governance (ESG) investing,” says CSHS Board Chair Kathy A. Seabrook. “OSH professionals now have line of sight to the board room in their organizations as never before. To capitalize on this, OSH professionals should play a leadership role in organizational activities such as horizon scanning, change management, enterprise risk management and supply chain management. Not recognizing the opportunities that sustainability brings will leave OSH professionals behind in reactive, compliance-focused roles.”

ASSE will be developing educational materials for members in the coming year. Click here to download the report, or visit the CSHS website for more information.