Press release
Fastenal Named One of America's Safest Companies by EHS Today
WINONA, Minn.--(BUSINESS WIRE)-- Since 2002, EHS Today has recognized just over 250 U.S. firms as America's Safest Companies. Ten organizations recently
About this update from Fastenal Company
[{"type":"text","content":" WINONA, Minn.--(BUSINESS WIRE)--\nSince 2002, EHS Today has recognized just over 250 U.S. firms as America's Safest Companies. Ten organizations recently joined this select group. One of them was Fastenal Company (Nasdaq: FAST).\n\n\"I want to say thank you to EHS Today for this honor,\" said Fastenal CEO and President Dan Florness. \"I also want to thank our customers and suppliers for the safety ideas they share with us, and our employees for 'walking the walk' when it comes to creating a safe environment for each other and our customers every day.\"\n\nTo be considered for an America's Safest Companies award, organizations must demonstrate excellence in several areas: support from leadership and management for EHS efforts, employee involvement in the EHS process, innovative solutions to safety challenges, comprehensive training programs, evidence that prevention of incidents is the cornerstone of the safety process, good communication about the value of safety, a way to substantiate the benefits of the safety process, and injury and illness rates lower than the average for their industries.\n\nOne important factor is the Experience Modification Rate (EMR), a widely accepted measure of organizational health and safety calculated by the National Council on Compensation Insurance. A company's EMR is based on its past and expected workplace injury losses compared to a benchmarked industry average. In 2020, the most recent year for which this figure has been calculated, Fastenal's EMR was 55% better than the average rate for its industry.\n\n\"When we reviewed Fastenal's application, it was clear they are doing a lot of things right,\" said EHS Today Managing Editor Nicole Stempak. \"We are glad to share some of Fastenal's innovative safety programs with the EHS Today audience and recognize the work they have done by naming them one of America's Safest Companies of 2021.\"\n\nAs detailed in EHS Today's profile of Fastenal, one of those innovative programs centers on near misses – events that did not result in injury but had the potential to do so. Fastenal conducts frequent prize drawings to reward employees for reporting any near misses they experience. The company's EHS managers not only take immediate action to eliminate or control the reported hazards, they also share those corrective actions with employees, making each near ...