Our approach acknowledges that it is the responsibility of the management teams within each of our investments to manage WHS risks and Macquarie plays a key role to support the management teams in achieving the WHS objectives for the business.
Prior to making an investment, we seek to identify material WHS risks relevant to the investment. If required, we will perform detailed due diligence which is supported by our internal subject matter experts and/or external advisors.
The due diligence results inform the transition plan for the investment. Prior to making the investment, the due diligence results and transition plan are presented for consideration and approval to the applicable investment committee(s).
During the 1st year of investment, we focus on closing out the action items in the transition plan and assure a strong WHS governance set-up is in place at the investment including (but not limited) WHS reporting and regular WHS assurance.
In our investments, we aim to reduce WHS risk and improve performance, increasing the value of the company or project. Macquarie Operating Groups have tailored Safety Alignment Frameworks to drive consistent WHS principles and expectations for portfolio companies.
WHS is the responsibility of management within each portfolio company. The portfolio company board oversees the management of WHS, with Macquarie Nominee Directors receiving regular training on WHS governance. Portfolio companies regularly monitor and report on WHS performance and risk management to Macquarie, including outcomes of incident investigations where there was a fatality or serious injury, or the potential for a fatality or serious injury.
WHS remains a continual focus during divestment, including through the preparation and disclosure of information on WHS performance and management.