The prestigious DuPont Safety Awards for individual and collective initiatives in Europe, the Middle East and Africa recognised Borealis as the winner in the Business Impact category at the 2005 DuPont Leaders Forum in Geneva.
The DuPont Safety Award recognises significant projects in workplace safety or society at large that have been led by individuals, companies or organisations. This year's expert selection jury awarded five top prizes in the areas of innovative approach, performance improvement, felt leadership, business impact and cultural evolution.
The DuPont Safety Award recognises Borealis' successful business transformation since 2001 which included making a step change in safety across the Group, including contractors, and thereby improving its overall operational excellence. As a result, Borealis moved to a leading position in safety as demonstrated by its continuous reduction of its Total Recordable Injuries (TRI). Borealis' four production hubs (Scandinavia, Belgium, Central Europe and Finland) and its compounding units in Brazil, Italy and the USA have significantly decreased their TRI frequency from 16.3 in 1996 to 6.9 in 2001 down to 1.9 as of end October 2005. Importantly, Borealis' success in terms of operational excellence has continued to have a strong impact on business success, with the company looking to obtain an 11% return on capital employed (after tax) in 2005 and showing continuous profit despite a challenging economic climate.