SAFETY

SAFETY IS A CORE VALUE AT NOVOLEX,

and we incorporate this value into everything we do every day. From the production floor of our manufacturing facilities to colleagues in an office, everyone deserves a safe working environment. Novolex has implemented industry-leading workplace safety policies and programs that reinforce existing safety procedures and seek new ways to constantly improve safety performance across the company. Novolex health and safety programs are supported by our Health and Safety Management System which tracks safety policies, processes, procedures, and performance. The system facilitates management of inspections, incident investigations, and both corrective and preventive action plans. The Novolex Board of Directors and the Sustainability and Environment, Health & Safety subcommittee of the Board also receive quarterly updates on safety performance and the progress of safety programs.

Safety Performance

THE NOVOLEX TOTAL RECORDABLE INCIDENT RATE (TRIR) remains below the industry average, based on Occupational Safety and Health Administration (OSHA) guidelines and Bureau of Labor Statistics data. In 2022, we observed a slight decrease in safety incidents because of company-wide safety improvement measures and ended the year with a TRIR of 2.06 compared with a TRIR of 2.13 in 2021.

NOVOLEX TOTAL RECORDABLE INJURIES RATE (TRIR) VS. INDUSTRY AVERAGE*