GB6721-2025
Statistical requirements for direct economic losses caused by work safety accidents
生产安全事故直接经济损失统计要求
GB 6721-2025 is an upcoming mandatory Chinese national standard for Statistical requirements for direct economic losses caused by work safety accidents. It appears in the Food compliance cluster with a product safety focus and has an implementation date of Jul 1, 2026.
Applicability depends on product scope, certification route, competent authority notices and transition rules. Requst for the translation or verify source before using this record in a compliance decision.
Compliance overview
Scope and applicability
This standard specifies the statistical requirements, contents, and calculation methods for direct economic losses resulting from work safety accidents. It applies to all production and business units involved in accident reporting and financial loss assessment in China. It is mandatory for all manufacturers and enterprises to follow these guidelines when calculating accident-related financial impacts.
Technical requirements
GB 6721-2025 outlines the comprehensive framework for calculating direct economic losses by categorizing them into five main sections: human casualty expenses, property loss value, emergency rescue costs, site cleanup fees, and administrative expenses. The standard specifies that human casualty expenses must include medical fees, nursing fees, and compensation, utilizing specific estimation methods for unsettled amounts. For property loss value, the standard details the calculation approaches for fixed assets, inventory, construction projects, and biological assets, differentiating between scrapped and damaged conditions. Accurate valuation of damaged assets must follow the prescribed depreciation and repair cost methods rather than arbitrary estimates. Additionally, the standard clarifies the boundary between direct and indirect losses; for instance, emergency rescue costs borne by the enterprise are counted as direct losses, while those covered by the government are classified as indirect. The standard also references Appendix A for indirect losses and Appendix B for specific estimation methods of medical and lost wages.
Testing methods
Instead of physical testing, this standard employs mathematical formulas and accounting estimation methods to evaluate financial losses. Key evaluation procedures include the estimation method for unsettled medical expenses and lost wages, as outlined in Appendix B. It also utilizes specific calculation models for fixed asset depreciation and inventory devaluation to ensure standardized financial reporting across all enterprises.
FAQs
What products and entities are regulated under GB 6721-2025?
GB 6721-2025 applies to the statistical calculation of direct economic losses caused by work safety accidents in China. It is mandatory for all production and business units involved in accident reporting and financial loss assessment. It replaces the previous GB/T 6721-1986 standard.
Are there any significant updates from the previous version of GB 6721?
The main updates include changing the terminology from "casualty accident economic losses" to "work safety accident economic losses," revising the statistical requirements and content for direct economic losses, and updating the calculation methods for property losses and emergency rescue costs. The standard also removed the grading of economic loss degrees.
How does GB 6721-2025 differ from general international safety standards?
GB 6721-2025 is a specific Chinese national standard focusing on the financial quantification of accident losses. While it aligns conceptually with international risk management principles, it strictly dictates the calculation formulas and accounting categories required for Chinese regulatory compliance, referencing local standards like GB 15499 for work-loss day determination.
The summary above provides a high-level overview of GB 6721-2025. To ensure complete compliance for your operations and accurate financial reporting in the Chinese market, a precise and professional translation of the full technical specifications is essential. Purchase our high-quality English translation of GB 6721-2025 today to access all detailed calculation formulas, parameter tables, and testing procedures.
Applicability hints
- Type
- Foundational
- CCS
- C78
- ICS
- 13.100
- Competent department
- Ministry of Emergency Management
- Technical committee
- National Technical Committee on Work Safety of Standardization Administration of China
Relationships
Replaces:GB/T 6721-1986