NAC Safety Performance Overview (2021-2023)

This report outlines the safety performance related to accidents, specifically focusing on Incident Rates (IR) and Frequency Rates (FR) over the years 2021 to 2023.

Incident Rate (IR): This represents the number of Non-Lost Time Accidents (NLTA), including personnel injuries and property damage, multiplied by one million and divided by man-hours worked.

IR = (Accidents × 1,000,000) / Man-hours

Frequency Rate (FR): This rate reflects the number of Lost Time Accidents (LTA) multiplied by one million and divided by man-hours worked.

FR = (LTA × 1,000,000) / Man-hours

Incident Rate (IR):
The IR has declined from 4.93 in 2021 to 3.29 in 2023. This trend indicates an improvement in overall safety performance, suggesting that the measures implemented during these years have been effective in reducing accidents.

Frequency Rate (FR):
The FR was maintained at 0 from 2022 to 2023. This means that no lost time accidents occurred during these years.
The safety performance for the years 2021 to 2023 highlights a reduction in both the Incident Rate and Frequency Rate. This data shows Nickel Asia Corporation’s commitment to creating a safer working environment, minimizing the risk of accidents, and promoting employee well-being.