Understanding the environmental and social impact of our businesses is a key part of ensuring that Wesfarmers continues to be able to create value for its stakeholders, including our 500,000 shareholders, 200,000 employees, our customers and suppliers.
As I outlined last year, a key aspect of our sustainable business performance is safety. Last year, we announced a Group-wide review of safety, focused on safety performance, real workplace safety behaviour and improving outcomes.
Our performance still needs improvement but I am pleased that we have already seen some benefits from this review, with an 18 per cent improvement in our lost time injury frequency rate. While we welcome this result, our total recordable injury frequency rate was three per cent higher this year, so there is still a long way to go and we will continue to seek opportunities to improve safety in our businesses.
I am proud of the Group’s efforts in ensuring the sustainability of our businesses this year, and look forward to another year of finding opportunities to enhance the environmental and social impact of our businesses.
Bob Every AO, Chairman