PSX:HUBC STOCK INFORMATION
Date
Sep , 19 2017
Closing Rate 115.91
Volume
1,822,500

Health, Safety and Environment (HSE)

Health, Safety and Environment (HSE)

One of our foremost priorities is to provide a safe and healthy working environment to our employees. Safety implementation on plant guidelines have to be followed by everyone. Due to difference in nature of work environment at plants and corporate offices, the level and responsibilities pertaining to safety, health and environment vary according to the location.

However, the scope of our HSE policy is not limited to just our employees. For us, safety and security means not just protecting our employees from any hazards, but also taking all the requisite measures to prevent any harm. We ensure that all our stakeholders are protected from any potential hazards. We take every measure to ensure protection of health and safety of our employees, contractors, our business partners and the communities in which we operate.

We take pride in the fact that we operate the first power station in Pakistan, which is recognized by ROSPA (Royal Society for the Prevention of Accident) for its excellent performance in the management of Occupational Health and Safety. Our Hub Plant has received various awards from the ROSPA consecutively since 1998. The plant has also received ROSPA SECTOR AWARD in the years 2008, 2011 and 2013.

Our HSE systems and processes are periodically assessed and inspected internally as well as by third parties. We strictly monitor Recordable Injury Frequency Rate (RIFR) which remained 0.78 in 2013- 2014. For proper benchmarking with similar industry, we have introduced Total Recordable Injury Rate (TRIR) which is reporting protocol under Occupation Safety and Health Administration (OSHA) – USA, from this year. Consolidated TRIR of all three sites remained 0.11 for the period under review.

Hubco aims to align its Occupational Health and Safety Management Systems with the world renowned DuPont Safety Management System which deals in Process Safety Risk Management (PSRM) and behavioral based Personnel Safety Management (PSM). Contract has been signed with DuPont to carry out gap analysis of all three sites in December 2014.

Environmental degradation, deforestation and rapidly increasing carbon footprints, with challenges of energy deficiency indicate an alarming need for a sustainable and comprehensive Environmental Management System.

Our environmental strategy focuses on business growth while reducing our environmental impacts.

As a testament to our strong environmental performance, the Company is proud to be the first power plant in Pakistan to be certified with ISO 14001: 2004. Our Environmental initiatives have also been recognized by various prestigious awarding bodies. We are proud to have received the highest honor Section Award in Electricity Industry Sector. Hubco is a dynamic company, and has been accredited by various international accreditation bodies. Our Hub plant site has been certified in Environmental Management System (ISO-14000) while certifications for our Narowal and Laraib plants is in process.

Certified Emission Reductions (CERs)

Our 84 MW New Bong Escape Hydropower Project, Laraib Energy, is registered under Clean Development Mechanism (CDM) project under the United Nations Framework Convention on Climate Change (UNFCCC). The plant has successfully completed verification of its first monitoring report on Certified Emission Reductions (CERs – equivalent to 1 ton of CO2) by an independent Designated Operational Entity (DOE), Bureau Veritas Certification Holding SAS.

Following the verification, the DOE has already submitted the Request for Issuance to UNFCCC for 100,841 CERs. Once approved, the Company will be able to sell the CERs to M/s Electrabel under the already executed Emission Reductions Purchase Agreement.

Tree Plantation at Laraib and Narowal

Under the revised Initial Environmental Examination Report 2009, Laraib Energy was required to plant five times the trees and shrubs cleared for the construction of the project. During the construction phase, around 2,000 trees and shrubs were removed and instead of the mandatory 10,000 trees, we have planted 14,000 tree and shrub species along Laraib’s flood protection dyke to play our part in preserving the local habitat.

These plant species were identified in collaboration with the local wildlife, forest department along with inputs from the Environmental Protection Agency. Similarly, plants have been handed over to local administration at Narowal for plantation at various locations.

Waste Recycling and Effluent Management

Waste water effluent and air emissions from our sites strictly conform to National Environmental Quality Standards (NEQS). We regularly report our effluent and emission results to Provincial Government on Self Monitoring And Reporting Technique (SMART). We try to minimize the generation of waste through various means and recycle the generated waste.

Other Initiatives

The Company regularly conducts on site awareness sessions on environmental best practices and effective management of waste for all permanent and visiting contractors. We have also procured Lamp Compactor and Mercury Recovery System for safe and effective disposal of fluorescent tube lights and lamps.