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CEO's Report
4
QCLNG Narrows Crossing
Environment
There was a slight increase in the total
environmental incident frequency rate for
the year due to some storm water, erosion
and sediment management incidents
recorded on the larger pipeline projects.
Each of these areas has undergone
significant procedural improvements with
good progress made. A positive sign of
this progress was the company receiving
the inaugural Australian Pipeline Industry
Association Environment Award for its
erosion and sediment control practices
on the QCLNG pipeline projects. We
also received an Australian Biosecurity
Award in recognition of our environmental
management on the APLNG project.
Human Capital
Our workforce numbers remained steady
during the year with over 12,000 people
across our various geographic locations.
The business continues to focus on strong
engagement with our employees and living
our values. We believe in ethical behaviour,
empowering leadership, training and
development, open communication and
performance management.
Looking Ahead
Despite the forecast downturn in key
markets, we enter the period of uncertainty
with significant opportunities across our
markets. Competition remains intense in
all markets and margins are tight.
In the short term we will continue to
focus on our core competencies and
current geographic footprint. The Asian and
Middle East markets represent important
growth opportunities for the company and
these will be pursued to their fullest extent.
With the reduction in resources
investment in Australia, we will apply
greater resources to securing transport
projects, especially larger opportunities
in NSW. Additional strategies in Australia
will include stronger marketing of the
company's rail and industrial capabilities.
We will continue to focus on the
adherence to the corporate management
systems with particular emphasis and
attention on risk management, operational
efficiency and cost control to ensure timely
corporate intervention in underperforming
businesses and projects.
I would like to thank our clients and
business partners for their continued
custom. We look forward to our continued
association and finding innovative,
economic and sustainable ways to deliver
your projects.
Finally, thank you to all our employees
for continuing to rise to the challenges we
face in our industry. We acknowledge your
commitment to the company and your
passion for creative construction.
David Robinson
Chief Executive Officer