Lendlease Annual Report 2024
26 Lendlease Annual Report 2024 Health and safety The health, safety and wellbeing of our people continues to be our highest priority. Safety approach We have continued to embed our 3Ps safety strategy to address the following elements: • Physical safety: Risk of incidents across the work activities we oversee • Product safety: Risk of failure on the products we provide • Psychological safety: Risk of a work environment that does not allow our people to thrive. We highlighted two physical safety focus areas dedicated to addressing recurring critical incident events during the year. The first was a campaign to successfully reduce the number of electrical incidents occurring across the portfolio in the first half of the year. In the second half of the year, we deployed a ‘Stop the Drops’ campaign, which drove a decrease in the number of incidents relating to the fall of materials. On product safety , we undertook an analysis of historical incident data across the products we have delivered. This informed a dedicated focus on enhancing our risk management approach across key potential exposures relating to our end products. The ongoing focus on influencing improved outcomes across the design, planning and delivery phases of our projects is aimed at improving the safety, quality and integrity of the products we create. Our focus on psychological safety included a global rollout of Psychological Safety workshops across all regions. The 49 workshops conducted by Group Environmental Health and Safety (EHS) Teams and People and Culture Teams also included training of facilitators to continue the roll out of the program by local resources. The focus group feedback, survey results and analysis of key themes will form part of the dedicated focus on psychological safety to be provided in support of Lendlease's refreshed strategy. Safety performance In line with our steadfast commitment that every worker should return home safely each day, no fatal incidents were recorded across our portfolio for the financial year where we have operational control. Our supply chain also maintained a fatality-free operational environment during FY24. We acknowledge the focus and dedication of our people and supply chain partners in achieving a fatality-free year, encompassing more than 80 million hours worked across more than 400 operations where health and safety outcomes were measured across our portfolio this year. Notwithstanding the accomplishment of a fatality-free year, our Critical Incident Frequency Rate (CIFR) and Lost Time Injury Frequency Rate (LTIFR) outcomes represent minor increases compared to the best on record outcomes recorded in FY23. Percentage of operations without a critical incident 1 93% 9 94% 9 FY24 FY23 1. An event that caused or had the potential to cause death or permanent disability. This is an indicator unique to Lendlease. Critical Incident Frequency Rate 1 0.57 0 0.46 0 FY24 FY23 1. Calculated to provide a rate of instances per 1,000,000 hours worked. Lost Time Injury Frequency Rate 1 1.57 1 1.36 1 FY24 FY23 1. Calculated to provide a rate of instances per 1,000,000 hours worked. Excellence in innovation The Sanofi project in Singapore won Lendlease's Global Employee Excellence Award for Safety Excellence & Innovation (Team). The project has also won Safety and Health Award Recognition for Projects (SHARP) with the Singapore Government, which is a recognition of their excellent safety performance and innovations implemented. Future focus As our safety culture continues to mature, and our organisational direction changes into FY25, we are adopting some key adjustments to our safety approach: • Measuring safety performance: We will include a wider range of lead and lag indicators to provide a more rounded representation of safety performance. A combination of these indicators will be used to create a safety index to monitor performance across our business internally. While we will continue to report on lag EH&S metrics (such as fatalities, critical incidents and lost time injuries), we will also monitor additional indicators to identify consistency across a range of assurance-related items to demonstrate our focus on the identification and management of risk to prevent incidents from occurring. • 2025 EH&S Global Minimum Requirements (GMRs): The next iteration of our GMRs will be developed and launched in FY25 to simplify our approach to EH&S management. This approach will be supplemented with revised standard operating procedures for the origination, planning and delivery phases of the operational lifecycle for each of our Investments, Development, and Construction entities. London: The Turing Building Stratford Cross
Made with FlippingBook
RkJQdWJsaXNoZXIy NjM4NDM=