116 WASCO BERHAD SECTION 4 SUSTAINABILITY JOURNEY HSE Management System Our approach is guided by our formal Group HSE Policy Statement, which is approved by the Board and applies to all employees and contractors worldwide. Our commitment is further operationalised through a robust HSE management system, which is certified to the ISO 45001:2018 standard. In 2025, 71% of our operational sites were covered by this ISO 45001 certification. This represents all Wasco operations except for one site, which is currently in the process of preparing for its certification as we work towards our goal of 100% coverage. This framework is implemented on the ground through a multi-layered system of assurance activities, including: • Site-Level Safety Committees: Empowering local teams to manage site-specific risks. • Regular Inspections and Audits: Verifying compliance with our standards and identifying areas for improvement. • Management Reviews: Ensuring that learnings and performance data are systematically reviewed by Senior Management Team to drive accountability and continuous improvement. Our Performance in 2025 We measure our safety performance using standard industry metrics, with a primary focus on preventing highconsequence incidents. The performance data presented below covers 100% of our operational sites globally. Our performance over the last three years demonstrates a clear and consistent journey of improvement. Key Safety Metric 2023 2024 2025 Fatalities 0 0 0 Lost Time Incident Rate (“LTIR”)¹ 0.20 0.05 0.00 Total Recordable Incident Rate (“TRIR”)² 1.50 1.15 0.71 ¹ Lost Time Incident (“LTI”) is an injury sustained on the job by employees and contractors that results in the loss of productive work time. 2 LTIR is calculated as (Number of LTIs/Total Man-hours) x 1,000,000. TRIR is calculated as (Total Recordable Incidents/Total Man-Hours) x 1,000,000 In 2025, we proudly continued our ‘Goal Zero’ ambition, recording zero Lost Time Incidents for the year. This extends our outstanding safety record to a significant milestone of more than 64 million cumulative man-hours worked globally without an LTI. This is the culmination of a multi-year focus on safety, reflected in the steady and significant decline of our Group LTIR from 0.20 in 2023 to zero in 2025. Furthermore, our TRIR for 2025 stood at 0.71. This performance is better than the industry average, comparing favourably to the latest benchmark of 0.73 for our sector as published by the International Association of Oil & Gas Producers. These results are a direct reflection of our robust safety management systems and the deep commitment to safety from every member of the Wasco team. Driving a Proactive Safety Culture Our strategy focuses on moving beyond reactive measures to build a proactive and preventative safety culture. Key initiatives in 2025 that drove our performance included: • CARE Card Programme: This programme is a cornerstone of our proactive approach, empowering all employees to identify and report unsafe conditions and behaviours. In 2025, our teams submitted a total of 48,271 safety observations, providing a wealth of data. Our analysis of this data highlighted that observations related to Personal Protective Equipment were most common, allowing us to launch targeted awareness campaigns and training to address this specific risk area. • Risk Containment Programme: We have implemented a robust Risk Containment Programme focused on managing our highest-risk activities. This involves detailed risk assessments, the implementation of specific controls, and rigorous verification processes to ensure that these critical risks are managed to a level that is as low as reasonably practicable. • Leadership Visibility: Our leaders are actively engaged in promoting safety on the ground through regular site walkabouts, safety stand-downs, and direct participation in incident investigations. • Continuous Training: We provide ongoing HSE training to all employees and contractors to ensure they have the necessary skills and knowledge to perform their work safely. In 2025, we delivered a total of 4,372 hours of dedicated HSE training across the Group. SUSTAINABILITY JOURNEY
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