Infrastructure
| Sector | Infrastructure |
| Sub-sector | Services |
| Location | Brazil |
Its operations also include gas-to-energy facilities co-located at eight landfills and one renewable natural gas (RNG) plant, as well as other plants currently being implemented. More than 12,500 employees and contractors operate as a widely distributed and mobile workforce.
Prior to Macquarie’s investment, Solví had a 1.44 lost time injury frequency rate (LTIFR) in 2019 and an average of two fatalities per year in the five years prior.1 The COVID-19 pandemic further highlighted the essential need of enhanced safety measures to protect employees.
A significant safety-messaging challenge was resolving communications gaps at the leadership team level. Macquarie worked directly with the highest levels of Solví’s organisation to ensure an amplified and unimpeded line of communication between those at the executive level and those working on-site.
This included communication relating to enhancements to governance, training, data management, remediation measures, the use of personal protective equipment (PPE) and fleet management. Solví’s 'Diamond Safety Award' has now been established to recognise sites that achieve the highest standards of operational excellence.
Outcome
During Macquarie’s five years of investment, there has been a significant reduction in the number of fatalities and lost time injuries occurring each year.
In 2024, Solví’s LTIFR was 0.22, a material 85 per cent reduction from the previous 1.44 LTIFR.2 While this is a marked improvement, Solví continues to maintain a very high degree of attention to safety, to ensure the company and its employees are committed to reduce the likelihood of serious incidents.
Since Macquarie’s investment, Solví has improved on monthly records for the lowest level of lost time injuries (LTIs) in its history multiple times, culminating in zero LTIs recorded for the first time ever in August 2021.
Solví’s workforce comprises over 12,500 employees, including over 100 full-time dedicated safety workers.
million hours worked for the year to 31 December 2024
frequency rate calculated against 200,000 hours worked
lost time injuries for the first time in August 2021 and fatalities through 2024
To foster a strong safety culture, we partnered with Solví to create the ‘Diamond Safety Award,’ recognising sites with the highest operational excellence. Our goal is to position Solví as a high-reliability organisation serving South America.”
San Burnett
Managing Director, Real Assets
Macquarie Asset Management
Definition of lost time injury (LTI): a work-related injury or illness that results in an employee being unable to perform their normal work duties for at least one full workday or shift following the incident.
Definition of lost time injury rate (LTIFR): a standardised measure used to track the frequency of lost time injuries relative to the total hours worked. It is typically calculated per 200,000 hours worked.
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