Neste Oil halved its work-related accidents in 2011

Neste Oil halved its work-related accidents in 2011

ID: 110898

(Thomson Reuters ONE) -


Neste Oil Corporation
Press Release
3 February 2012 at 1.30 pm (EET)

Neste Oil halved its work-related accidents in 2011

Neste Oil's safety performance in 2011 was the best in the company's history.
Neste Oil's total recordable injury frequency* per million hours worked was 2.3
in 2011, a reduction of more than 50% compared to 2010, when the company's total
reached 4.7. In 2010, the average injury frequency rate for European oil
refining companies was 5.0, and the frequency of injuries resulting in absences
from work for the Finnish chemical industry was 10.8. Neste Oil recorded a total
of 33 work-related accidents during 2011, compared to 72 in 2010. Safe
operations are seen as essential for business success at Neste Oil, and safety
is an important part of the company's approach to sustainability.

Neste Oil invested a total of ?25.9 million in enhancing safety during 2011,
with a particular focus on improving process, personnel, and fire safety. A
total of 35,000 hours were spent on preventive safety work, such as safety
training, across the Group in 2011. More than 25,000 safety observation tours to
identify and eliminate safety risks were carried out at the company's sites, and
over 2,500 safety discussions were held to encourage the adoption of safer
working practices. Neste Oil expects to invest over ?60 million in safety during
2012.

"I am very proud of our safety performance last year," says President & CEO
Matti Lievonen. "We have put in a lot of systematic and target-oriented work
over the years to improve our safety. We are now approaching the leading
European oil companies in terms of safety performance, which we consider to be
our short-term goal. Preventive initiatives designed to identify safety risks in
our operations and reduce them have played an important role in cutting the
number of work-related accidents at Neste Oil, as has training aimed at




improving people's safety skills. Perhaps most importantly of all, however, we
have tried to learn from all our accidents and other safety incidents and apply
the best practices that we have identified to prevent accidents occurring in the
future."

*) Neste Oil uses TRIF (Total Recordable Injury Frequency) per million hours
worked as its main occupational safety indicator. This figure includes all work-
related injuries requiring medical attention and covers the work done for the
company by the company's own employees and those of its contractors.

Neste Oil Corporation

Hanna Maula
Director, Corporate Communications

Further information:
Simo Honkanen, Senior Vice President, Sustainability and HSSE, tel.
+358 10 458 4170

Neste Oil in brief

Neste Oil Corporation is a refining and marketing company concentrating on low-
emission, high-quality traffic fuels. The company produces a comprehensive range
of major petroleum products and is the world's leading supplier of renewable
diesel. The company had net sales of EUR 15.4 billion in 2011 and employs around
5,000 people. Neste Oil's share is listed on the NASDAQ OMX Helsinki.

Neste Oil is included in the Dow Jones Sustainability World Index and is also
featured in the Ethibel Excellence investment register, as well as The Global
100 list of the world's most sustainable corporations. Forest Footprint
Disclosure (FFD) has ranked Neste Oil as the best performer in the oil & gas
sector. Further information: www.nesteoil.com.







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originality of the information contained therein.

Source: Neste Oil Oyj via Thomson Reuters ONE

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Datum: 03.02.2012 - 12:31 Uhr
Sprache: Deutsch
News-ID 110898
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