Working safely is not only a priority, but also presents an opportunity for competitive advantage in the marketplace given the nature of our business. We are pleased to report that we have maintained our strong health and safety performance, as reflected in our injury/illness incident frequency rates.
From April 2012 to the end of March 2013, our Total Recordable Case Incident Rate (TRCIR) and Lost Workday Case Incident Rate (LWCIR) remained constant at 0.18 and 0.05, respectively. Over the past four years, our TRCIR has fallen 14% and our LWCIR has fallen 38%. We continue to look for ways to improve our safety performance.
Our Chief Executive reviews health and safety performance data, including any violations or major incidents, on a monthly basis.
We calculate our TRCIR and LWCIR according to United States Occupational Safety and Health Administration (OSHA) regulations, using the formula:
TRCIR or LWCIR = (N/EH) X 200,000 where:
• N = Sum of the number of recordable non-fatal injuries and illnesses in a year (for TRCIR) or the number of cases that result in a lost work day (for LWCIR),
• EH = total number of hours worked by all employees in one year
• 200,000 = equivalent of 100 full-time workers working 40-hour weeks, 50 weeks per year.
The reported figures for TRCIR and LWCIR are a twelve month moving average in order to reflect long term trends rather than monthly fluctuations.
We are happy to report no work-related fatalities over the last five years.