Empowering Our People and Enriching Our Communities Integrated Annual Report 2024 SECTION 5 • DELIVERING SUSTAINABLE VALUE FOR OUR STAKEHOLDERS 173 Strategic Pillars of Our OHS Framework Our OHS strategy rests on four (4) foundational pillars, each designed to elevate safety performance and resilience: The Group has set a clear target of maintaining zero (0) workplace fatalities and reducing the LTIFR to below 2.5 by the end of FYE2024. Looking ahead, a longer-term goal has been established to sustain zero (0) workplace fatalities and lower LTIFR to below 1.7 by 2030. These objectives reflect a continuous focus on preventing workplace incidents and protecting employee well-being. To strengthen safety performance, the Group evaluates LTIFR against the IAI Statistical Report, providing a global benchmark for operational safety. Management of Hazard Risks and Determination of Control We employ the Hazard Identification, Assessment of Risks and Opportunities and Determination of Control (“HIARODC”) method as a framework to mitigate or eliminate existing workplace risks. Executed by each entity’s EHS Department in accordance with ISO 45001:2018, this process comprises five (5) key steps: Selecting areas for assessment based on plant layout. 1 Identifying all potential OHS hazards, risks, and opportunities. 2 Recording identified hazards, risks and opportunities in a HIARODC form. 3 Developing management approaches and mitigation measures, objectives and targets to address significant OHS hazards, risks and opportunities. 4 Maintaining continuous monitoring and follow-up to ensure compliance. 5 1 2 3 4 OHS Targets to maintain zero (0) workplace fatalities and achieve LTIFR below 1.7 by the end of FYE2030. Continual Improvement of OHS Management Systems Systematically review and refine OHS policies and procedures to align with evolving regulatory requirements and industry benchmarks, ensuring our systems remain dynamic and effective. Strengthening Process Safety Management Emphasises the proactive identification, prevention and mitigation of process-related hazards. This involves implementing robust systems to manage risks associated with operations, ensuring compliance with safety standards and promoting a culture of continuous improvement in process safety practices. Embracing Innovation and Technology Continuously scrutinise OHS processes to identify and implement new health and safety measures through innovation and adoption of the latest technological solutions. Developing a Safety Culture at the Workplace Encouraging employees to take an active role in OHS, cultivating a shared sense of responsibility that strengthens our collective commitment to safety.
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