Vision Zero Fund

The G7-initiated Vision Zero Fund initiative (VZF) aims to prevent work-related deaths, injuries and diseases in global supply chains.

Based on ILO estimates 2.3 million workers die every year from work-related injuries and diseases. An additional 160 million workers suffer from work-related diseases and 313 million workers from non-fatal injuries per year.

The damage to companies and economies is significant. In economic terms, the ILO estimates that more than 4 per cent of the world's annual GDP is lost as a consequence of work-related injuries and diseases.

Against this background the Vision Zero Fund (VZF) strives to realize the goal of zero work-related fatalities and severe injuries and diseases, by improving occupational safety and health practices and conditions in sectors linked to global supply chains. The fund also seeks to strengthen institutional frameworks such as labour inspectorates and employment injury insurance schemes in countries linked to global supply chains.

The Vision Zero Fund will help prevent and reduce the unacceptable number of workplace-related deaths, injuries and diseases. Gaining access to global supply chains can be an important part of strategies for poverty reduction. The Fund will help to make this route safer."

ILO Director-General Guy Ryder at the G7 announcement of the Vision Zero Fund

Initiated by G7 countries in October 2015 the Vision Zero Fund (VZF) builds on a committment  to boost “labour rights, decent working conditions and environmental protection in global supply chains."