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Call for disclosure on workplace mental health

About one-third of Australia’s largest miners, banks and energy companies disclose commitments to workplace mental health and safety, research by the Australian Council of Superannuation Investors (ACSI) shows.

But few give qualitative or quantitative information on such programs’ effectiveness.

This contrasts with high disclosure rates for physical health and safety outcomes.

The survey follows concerns about the mental health of fly-in, fly-out (FIFO) workers.

While 79% of the top 200 listed metals and mining companies have FIFO workforces, only one-third disclose details of initiatives that safeguard their mental health.

About half of the top 200 mining and utilities companies report wellbeing programs and initiatives (54%), indications of employee engagement (58%) and access to employee assistance programs or other counselling (58%).

Few companies publish performance data for workforce turnover rates (29%), workforce satisfaction (25%), absenteeism rates (4%) and overtime and extra time worked (none).

In the financial services industry, 75% of the top 200 listed companies report information on employee assistance programs or other counselling.

Few financial services companies disclose performance data for workforce turnover rates (33%), worker satisfaction (25%), absenteeism rates (21%) and overtime and extra time worked (4%), the survey shows.

National Mental Health Commissioner Lucy Brogden says the survey will focus efforts “on the things we know make a difference to employee mental health – such as flexible work design, peer support and early intervention, and strategies that build better work cultures”.