Merdeka’s Health and Safety Performance as Recognized by MSCI Continues to Improve
PT Merdeka Copper Gold Tbk‘s commitment to health and safety continues to show improvement, with TIFR and LTIR further declining to 0.39 and 0.00, respectively, as of March 2024, according to Merdeka’s Q1 2024 report published last May.
TIFR (Total Injury Frequency Rate) measures the total frequency of injuries occurring in the workplace, calculated as the number of injuries per one million work hours. The lower the TIFR, the better, as it indicates a safer workplace with a lower risk of injuries. Additionally, LTIR (Lost Time Incident Rate) records the rate of incidents resulting in lost work time, calculated per one hundred employees over a specified period. A lower LTIR means fewer incidents causing employees to take leave due to work-related injuries or illnesses, demonstrating a more efficient and productive workplace with fewer disruptions from workplace accidents.
This improvement builds on Merdeka’s previous health and safety performance achievements, recognized by Morgan Stanley Capital International (MSCI) in their Industry Report/Metals and Mining – Non-Precious Metals, which tracked global industry developments in this category up to December 2023.
In that report, MSCI highlighted Merdeka’s zero fatalities from 2020 to 2022. The report also emphasized that Merdeka’s Lost Time Incident Rate (LTIR) and Total Recordable Injury Rate (TRIR) were significantly lower than those of other companies in the Diversified Metals & Mining industry. As of May 30, 2023, Merdeka’s three-year average (2020–2022) LTIR and TRIR were 0.14 and 0.69, respectively, compared to the industry peer averages of 1.4 and 3.1.
Merdeka’s occupational health and safety management system aligns with applicable national regulations and is certified to the ISO 45001:2028 standard for Occupational Health and Safety Management Systems.
