that's one heckuva excuse, dude.
If the conclusion blames an individual then 100% of the time the real problem is with the system that gave them that much power.
"The Field Guide to Understanding 'Human Error'" by Sidney Dekker.
Edit: to add to his, what I mean to say is: it's great that (some) companies have this culture internally. It remains to be seen whether the mantra would survive a sufficiently large scandal. Maybe that's when the legal team comes in with the damage control plan as outlined in another comment by @justboxing.