At Danfoss, we are committed to safeguarding the physical and psychological health and safety of all employees by fostering a secure and supportive work environment. We believe that maintaining an effective health and safety management system is essential to sustaining a culture where safety and well-being are top priorities.
Our Environment, Health, and Safety Policy is the backbone of how we ensure a safe and healthy workplace for our employees, contractors, and other stakeholders EHS requirements that apply to external parties, such as contractors working at Danfoss sites, are defined in our contractor safety guidelines. Having an effective prevention and risk-based approach while driving continuous improvements, are the fundamental principles of our approach.
A requirement for all our production sites to comply with international standards such as ISO 45001 for occupational health and safety management systems, and ISO 14001 for environmental management systems as well as with local statutory requirements ensures that we maintain a robust management system.
We are proud to continuously improve our efforts to ensure safety in the workplace. Our commitment to safety ensures a proactive approach toward achieving zero fatalities, fostering a workplace where every employee returns home safely.
As we expand our business, we stay committed to ensuring a healthy and safe working environment. Since 2017, we have almost doubled the size of Danfoss. In 2024, the Lost Time Injury Frequency rate (LTIF) has increased slightly from a record low 1.2 in 2023 to 1.3 in 2024. Also, our Total Recordable Injury Frequency rate (TRIF) increased slightly from 2.1 in 2023 to 2.3 in 2024. We expect to get back to 2023 levels during 2025.
At Danfoss, we recognize that mental health is just as important as physical well-being. A supportive workplace not only enhances employee well-being but also drives productivity, engagement, and overall job satisfaction. This commitment is embedded in our Health and Well-being Policy, which outlines proactive measures, resources, and support systems to promote mental health and create a safe, inclusive, and resilient workplace for all employees.
In 2024, our actions included increasing awareness about mental health, and the introduction of stress-management e-learning training for leaders with Denmark as the first pilot country. The e-learning will be available for all Danfoss global operations in 2025.
A series of psychological safety events were launched to provide a toolbox of actionable tactics for nurturing psychological safety and ensuring that all voices are heard.
Our Wuqing factory in China has been showing exceptional safety results with zero incidents over the past eight consecutive years. A strong safety organization set up consists of six sub-committees on Compliance, Hazard Management, Equipment Safety, Sustainability, Ergonomics, Safety Inspection, and Change, making their goal to ensure a safer factory, healthier employees, and a better-protected work environment.
One of the key focus areas was to establishan employee safety culture and increase awareness of safety through, among others, cross-business unit safety audits, learning sessions, and monthly safety activities for all employees such as safety excellent team selections, health and rescue competitions, and fire awareness learning.
Our integrated annual report provides a holistic view of Danfoss’ business, value drivers, strategy, governance, as well as sustainability and financial performance.