ECONOMIC ECONOMIC PERFORMANCE & PRODUCTIVITY Digitising Safety and Security Tracking, Documentation and Dissemination To reiterate the importance of staying vigilant and prevent repeat incidents, our Digital Systems and Cyber business areas launched ActNow, which is a streamlined platform that digitalises all tracking, documentation and employee news dissemination for safety and security incidents. Furthermore, the platform enables the crowdsourcing of information and allows staff to share safety and security near misses. ActNow was innovatively adapted from our Defence Aerospace business area’s Acknow platform. This successful cross-business area collaboration has improved safety and security, and liberated valuable resources for ST Engineering. ActNow saves about 80% of the time spent on the entire process, which resulted in over $400,000 productivity secured savings. Our Economic Performance Leads to Inclusive Growth and Value Creation The Group's economic performance is crucial to our sustainability goals. We contribute to the communities in which we operate through local procurement, direct and indirect employment, dividends paid to shareholders, taxes paid to governments, and investment in community programmes. In addition to our financial contributions, we develop innovation capabilities, transfer knowledge and technology to local small and medium-sized enterprises (SMEs), and provide internship and training opportunities. Read more about our community investment disclosures in our ‘Corporate Community Contributions’ section 16 ST ENGINEERING | SUSTAINABILITY REPORT 2024
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