Social Overview At V., safety is our top priority. We ensure a safe working environment through rigorous training, regular briefings, and continuous improvement initiatives. We promote open communication and transparency, fostering a culture where safety is everyone’s responsibility. Our commitment ensures that all colleagues return home safely, supporting our operational success.
Safety First
We are committed to creating a safe working environment and ensuring zero accidents and injuries across all operations. As ship managers, ensuring the safety of our operations is not just a responsibility—it is the fundamental principle guiding all our actions. This begins with our team. We understand that well-trained employees who value their work and thrive in a positive culture are more likely to perform their roles effectively. Our goal is to ensure that every team member can carry out their duties without risk or injury. We achieve this through extensive training programs, regular safety briefings, and continuous improvement initiatives that provide our colleagues with the skills necessary to identify and mitigate potential risks efficiently. We regard safety at work as a basic human right and recognise our duty of care to ensure that all colleagues return home safely. The health, wellbeing, and resilience of our workforce are directly connected to the commercial success of our organisation. It is their diligence and expertise that ensure our vessels operate safely and reliably, meeting the needs of our clients and stakeholders. To support our commitment to safety, we foster a culture of shared learning and open communication across all levels of the organisation. Creating an environment where individuals feel comfortable expressing concerns or suggestions is essential for effective collaboration. By promoting transparency and mutual respect, we aim to create a workplace where safety is everyone’s responsibility, and continuous improvement is driven by collective efforts. In 2023, we significantly enhanced our data capture capabilities across various KPIs. This marks a critical advancement in our dedication to providing accurate,
timely information to stakeholders, reinforcing our commitment to transparency and accountability. However, this improvement also means that year-on-year comparisons are not always directly comparable, often resulting in skewed trend data. In our ongoing commitment to transparency, we have still presented year-on-year changes. It is important to note, however, that these figures do not necessarily reflect shifts in operational performance but rather adjustments and refinements in our reporting processes. Between 2022 and 2023, both our Lost Time Injury Rate (LTIR) and the number of marine casualties increased, from 0.21 to 0.95 and from 72 to 425, respectively. At V, we take every incident seriously, conducting thorough root cause investigations and implementing corrective measures when appliable. We are confident that our operational performance remains amongst industry leaders, and we believe that subsequent years of reporting will reflect our commitment to continuous improvement through a downward trend in these figures. Health and Safety To assess the effectiveness of our health and safety protocols, we have implemented a set of key performance indicators (KPIs), which are routinely reviewed in alignment with our V. Management System. These metrics are aligned with industry standard definitions and measurements, are agreed annually with our Board, and are communicated to the entire business. Regular analysis of our V.MS and KPIs helps us identify trends and target areas needing improvement, ensuring our efforts are focused and effective in enhancing our health and safety standards.
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