AVK CSR 2023-24 web - Flipbook - Page 49
SOCIAL
Table 2: Social data, resultat
Unit
Water
Industry
Advanced
AVK Group
2023/24
Number of
employees
Number
3,256
1,130
638
5,342
4,880
9.47
Fatalities
Number
0
0
0
0
0
0
Number of workrelated accidents
resulting in absence
LTA
29
9
9
47
49
-4.08
LTA = Lost Time Accident = number of
accidents with >1 day’s absence.
All AVK companies.
Number of accidents
per 1 million working
hours
LTAFR
4.69
4.19
7.42
4.63
5.28
-12.31
1,900 working hours are used as an
average (ref. OECD).
All AVK companies.
ISO 45001
certifications
Number
16
10
4
33
30
11.11
Applicable for all AVK production
companies.
S
AVK Group Development
Description (2023/24 figures)
2022/23
%
The average number of full-time
employees in the AVK Group as per 30
September 2024.
All AVK companies.
* We have a few companies outside the three mentioned business segments – these companies are included in Total AVK Group.
Comments to Social
Work accidents
To reach our 2030 goal of reducing the Lost
Time Accident Frequency Rate (LTAFR) to below
3.0, we have established several milestone
targets. LTAFR shows the number of accidents
per one million working hours. Read more about
our goal for decreasing our work accidents in
the chapter “Our social responsibility”.
The goal for 2023/24 was to reduce the Lost
Time Accident Frequency Rate (LTAFR) to below
5.0. By the end of the year, the LTAFR had
decreased to 4.63 accidents per million hours
worked, down from 5.28 in 2022/23.
It is important to emphasise that the accidents
that have occurred this year are all minor and
have not led to long-term absence.
Figure 6 provides an overview of the accident
frequency rate in the past four years, taking into
account changes in the number of employees.
Health and Safety management
(ISO 45001)
ISO 45001 plays a key role in strengthening
our Health & Safety (H&S) structure and to
ensure continuous improvement. Already, 35 of
our companies have achieved this international
certification, emphasising our commitment
to the systematic management of workplace
health and safety.
Safety performance
Number of accidents per 1 million working hours
5.28
5.28
and definitions of accidents resulting in lost
time are outlined in AVK H&S document
01.020.
4.63
4.60
Reported accidents are verified by the AVK
Group’s Sustainability & ESG function to secure
that reported accidents are inside the scope of
accidents with lost time definition. Details about
accidents and causes are documented.
2020/21
2021/22
2022/23
2023/24
Figure 6
We are actively working to increase the number
of certified companies in the AVK Group to
ensure a consistent approach to health and
safety across all business units. This effort
supports our long-term strategy to promote
a safe and healthy work environment for all
employees, reduce work-related risks, and
enhance our compliance with regulatory and
customer-specific requirements.
Accounting policies (S)
Accidents, Lost Time Accident Frequency
Rate, and fatalities
Information on accidents is collected locally
from all our companies through monthly
financial reporting, following globally defined
specifications and definitions. The specifications
The total number of accidents refers to workrelated incidents that led to absences extending
beyond the day of occurrence. Lost Time
Accident frequency (LTAFR) is calculated as the
number of accidents per million working hours.
Lost Time Accident Frequency Rate = (Total
Working Hours/Total Number of Accidents) ×
1,000,000
To ensure consistency and transparency across
our global operations, AVK set an average of
1,900 annual working hours per employee.
The benchmark of 1,900 annual working hours
per employee is based on the global OECD
standard for average working hours. This
figure is adjusted to reflect the geographic
distribution of our workforce, with the majority
based outside the EU, including in China, and
considers regional variations in working hours
and labour legislation.
Fatalities are defined as accidents that occur at
the workplace or while performing tasks directly
related to one’s employment.
AVK Sustainability report 2023/2024 | 49
