ECONOMIC PERFORMANCE & PRODUCTIVITY An enterprise’s growth, grounded on diversity, inclusiveness and productivity improvements, will produce better economic performance, and create meaningful jobs and benefits for the local communities. Driving economic performance and productivity is key to the resiliency of our business. Continuous Improvement (CI) increases the productivity and profitability of our business and is at the heart of our engineering heritage. Over the years, our CI initiatives have helped us to improve our processes, enabling us to work smarter and more efficiently. OUR COMMITMENT We are committed to delivering a sustainable and balanced triple bottom line of “People, Planet, Profit” through the integration of sustainability with our business and operations, community impact, productivity, and returns to our shareholders. Wherever we operate, we are committed to paying our share of taxes and the transparent reporting of what we pay. OUR APPROACH Continuous Improvement is at the Heart of our Engineering Heritage Over the years, a culture of CI has helped us improve our processes, enabling us to work smarter and more efficiently. Improvements in our workstream processes protect our environment by enabling us to conserve natural resources, create less waste and reduce pollution. Our CI efforts also contribute to safer workplaces by digitalising selected labour intensive workstreams and increase our product quality by improving manufacturing processes. These come with the added benefit of lowering our operational costs. We recognise the importance of upskilling our employees through CI training. We continue to grow our library of e-learning modules to ensure our staff are well trained on continuous improvement topics. OUR GOALS Our 2022 Goals Continue to make economic contributions, provide good jobs and invest in our communities Increase year-on-year planned productivity savings by 5% Drive and intensify CI activities through the newly established Group CI office Our Achievements In 2022, our total economic contribution was $8,747m We increased our year-on-year productivity savings by 32% In 2022, the Group CI Office strengthened our CI framework, aligned our business units and provided on-site support Our 2023 Goals Continue to increase year-on-year planned productivity savings by 5% Enhance CI activities through further digitalisation and automation ECONOMIC
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