Safety is central to our Company goal of being the safest, most diverse, and most profitable industrial gas company in the world. We also believe it is a moral obligation. We want our employees to return home to their families safe and healthy.
Our beliefs about safety have been instituted for decades through our Total Safety Values, which stress that nothing is more important than safety and that adherence to safety is a condition of employment. Our current leadership has built on this strong foundation, making us an even safer company.
Year-on-year, we strive to improve safety for our colleagues, contractors, customers, and host communities. In 2020 we worked to enhance the safety of our industry, assuming leadership roles in all the major industrial gas trade associations and helping to improve and harmonize safety standards around the world.
Our goal is to be the safest industrial gas company in the world. We have improved our lost-time injury rate by 83% and our recordable injury rate by 48% since 2014. Regrettably, we had a contractor fatality in 2020, and steps were taken to ensure the risks associated with this incident were identified, addressed, and communicated.