Metrics and Targets
Metrics and Targets for Achieving Zero Major Incidents
We have defined fatalities, serious injuries, and major leaks as major incidents that must never occur during our operations. We set "Zero Major Incidents" as one of our management targets and subsequently set common safety targets covering all employees. In FY2024, we achieved our goal of zero major incidents.
Other Metrics and Targets
To quantitatively measure our safety performance, we monitor two safety metrics of injury-causing incidents for all employees and contractors involved in our projects: the lost time injury rate (LTIR)1 and the total recordable injury rate (TRIR)2. We gather such data in accordance with reporting guidelines defined by IOGP. We also monitor our progress toward the targets we have set while benchmarking ourselves against IOGP participating companies.
Our LTIR and TRIR for FY2024 were 0.45 and 1.95 respectively, representing a year-on-year improvement for both metrics, but we did not achieve our targets. A Tier 1 process safety event3 also occurred at the Ichthys LNG onshore facility, where a damaged seal on a pressure-reducing valve was found to have caused a gas leak. When the leak was detected, we immediately shut off the relevant lines, repaired the valve and took steps to investigate the cause and prevent a recurrence.
1Rate of fatalities and injuries resulting in lost time per million hours worked
2Rate of fatalities, injuries resulting in lost time, and injuries not resulting in lost time or requiring medical treatment per million hours worked
3Tier 1 and Tier 2 process safety events are unexpected releases or leakages of substances including flammable liquids. In line with IOGP requirements, we classify and report such events as Tier 1 or Tier 2 depending on the degree of consequence (personal harm, direct cost to the Company, type and quantity of material released, etc.).
Incident Prevention Efforts
HSE-related Targets and Results (FY2024 HSE Objectives)
Evaluation of HSE objectives in FY2024, including environment-related objectives and future actions are detailed below. Please refer to the Biodiversity Conservation and Environmental Pollution Measures sector for details on our initiatives related to the environment.
1. Strengthen incident prevention efforts |
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FY2024 objectives |
Evaluation |
Evaluation and future actions |
Quickly share incident information and lessons, and analyze trends such as root causes. Also, conduct thorough safety education and dialogues with employees and contractors. |
Poor |
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2. Further improve process safety management through systemic programs |
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FY2024 objectives |
Evaluation |
Evaluation and future actions |
Steadily conduct initiatives for asset integrity and process safety management based on the roadmap. |
Good |
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3. Help to address global environmental challenges and create environmental value |
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FY2024 objectives |
Evaluation |
Evaluation and future actions |
Build foundations for Group-wide environmental and social impact management. Promote Group-wide studies to reduce GHG emissions and help to address global environmental challenges. |
Good |
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4. Prepare for emerging threats |
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FY2024 objectives |
Evaluation |
Evaluation and future actions |
Enhance preparations for emerging threats by checking and revising plans for cyber security, natural disasters, and geopolitical risks. |
Good |
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5. Reinforce health management and measures for infectious diseases |
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FY2024 objectives |
Evaluation |
Evaluation and future actions |
Work to improve health management and performance, including the areas of mental health, infectious diseases, and fatigue control, in line with the Corporate Health Management Standard. |
Good |
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6. Demonstrate HSE leadership and improve effectiveness of the HSEMS |
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FY2024 objectives |
Evaluation |
Evaluation and future actions |
Use results of the HSEMS gap analysis and corporate HSE audits to improve the effectiveness of the HSEMS. Also improve audit quality and ability. |
Good |
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7. Enhance HSE competency and secure personnel |
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FY2024 objectives |
Evaluation |
Evaluation and future actions |
Create a plan for mechanisms to develop HSE personnel and improve the HSE competency of employees. |
Good |
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8. Implement HSE management for the five net zero businesses |
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FY2024 objectives |
Evaluation |
Evaluation and future actions |
Actively participate in and support HSE management for projects of the five net zero businesses. |
Good |
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