3-6. Leveraging EHS Data to Benefit Management: The Connection to Human Capital Management

In recent years, the importance of human capital management has been growing, with companies increasingly recognizing that ensuring the health, safety, and well-being of employees leads to an increase in corporate value. The use of occupational safety and health (OSH) data is no longer limited to mere risk management but is also positioned as a strategic part of human capital management. This article explains how to leverage OSH data for business management and its connection to human capital management.

1. Types and Significance of OSH Data

OSH data includes information such as the number of industrial accidents, lost-time injury rate, number of near-misses, results of regular health checkups, stress check results, and overtime work status. This data is not only useful for on-site risk management but also serves as a crucial management indicator for understanding the health status and work conditions of employees.

2. The Connection Between Human Capital Management and OSH Data

Human capital management is based on the idea of viewing people as assets to be invested in rather than costs. OSH data provides the foundation for measuring the effectiveness of this investment.

・Employee Health Maintenance = Increased Productivity: By analyzing health data and implementing measures for disease prevention and addressing overwork, companies can prevent a decline in productivity.

・Accident Prevention = Risk Reduction: Analyzing accident data and implementing improvements leads to a reduction in the risk of operational shutdowns and compensation costs.

・Increased Engagement = Reduced Turnover: Improving the work environment based on stress check and workplace data can boost employee satisfaction and retention rates.

3. Methods for Contributing to Business Management

The following approaches are effective for linking OSH data to business strategy.

・Setting KPIs: Establish key performance indicators (KPIs) such as the accident rate or health checkup participation rate and monitor them regularly at board meetings or management meetings.

・Data Visualization: Use dashboards to visualize risk status and progress of improvements for each department.

・Integration with Human Capital Disclosure: Include health management and safety indicators in securities reports and integrated reports to make disclosures to investors that are both explainable and quantifiable.

・Predictive Analysis: Use AI and big data to predict future risks from past accident and health data, and apply this information to preventive measures.

4. Investor and Market Evaluation

Investors place a high value on the disclosure of human capital information, and OSH data is a core part of this. By quantitatively presenting outcomes such as the lost-time injury rate and the results of health initiatives, companies can achieve a high ESG and sustainability rating.

5. Future Outlook

Going forward, there will be an increased focus on standardizing and systematizing OSH data by utilizing frameworks such as ISO 45001 and the Certified Health and Productivity Management Organization Recognition Program to leverage it for business management. Furthermore, the use of data in conjunction with human capital management will go beyond simple risk management, directly leading to improvements in employee well-being and the creation of corporate value.

Strategic utilization of OSH data is a pillar supporting human capital management and an essential initiative for companies aiming for sustainable growth.