it is possible to be cost effective yet meeting the ever-increasing Health,Safety n Environment requirements?

Question

"in today's dynamis marketplace, many organisation/industries are initiating cost reduction measure to remain competitive." discuss the contradictory demand of cost reduction programmes in the need to invest to enhance the standard of HSE

Answer 1

In some circumstances HSE requirements rigorously applied can reduce competitiveness. Industries may move to countries where there are less severe requirements, for example China. However (thinking of new process plant) new technology may enable HSE requirements to be met at competitive cost. New engineering technology may mean some old standards with expensive consequences can safely be abandoned.