The purpose of this working paper is to look at the link between a good working environment and productivity. It focuses on the level of an individual company. The study is based on the conceptual framework showing that health and safety measures have an influance both on safety and health performances and on the productivity of companies. On the other hand, it was discovered that poor OSH performance can lead to a competitive disadvantage impairing the firm's status among stakeholders. The paper also presents a number of methods, strategies, tools, and so forth,that can be useful when implementing an efficient health and safety policy. A successful policy at company level will have positive effects on the level of individual worker as well as on their families, on their social networks and on the whole of society.