Message from CEO
2024 was a record-breaking year for HAESL as the business output 337 engines, as well as overhauling 18 Trent 1000-TEN module sets. This achievement is even more impressive given the ongoing supply chain issues which continued to affect the industry throughout the year. None of this would have been achieved without the dedication and resilience of our people, who demonstrated their professionalism and skill in navigating the challenges they faced.
The health and safety of our workforce remains, as ever, our priority. It is therefore very satisfying to report nil Lost Time Injuries (LTIs) in the year, with the last LTI occurring in June 2023. However, there were two medical treatment cases underlining the necessity to diligently maintain our efforts in driving towards our target of zero harm. To support this, we continued to focus on proactive risk reporting throughout 2024 as well as ensuring senior management conducted regular safety walks. These initiatives were supported by companywide safety campaigns to raise awareness of the risks to individual safety.
To keep pace with the growth across the business, HAESL recruited at full speed throughout 2024, growing headcount by 13%. Alongside this we continued to make progress on the company’s gender balance, growing the percentage of female staff to 14%, in line with our target. To further understand how we can meet the needs of our diverse workplace, over 100 employees were interviewed in focus groups allowing them to share perspectives on how HAESL can better support them. Alongside this, the HAESL Women’s Network (HWN) and Male Allies, established in 2023, continue to drive initiatives to support gender equality and inclusivity.
2024 saw HAESL continue to make progress on our journey to meet our environmental targets. These targets, focused on three prioritised environmental aspects, namely carbon emissions, water intensity and waste recycling, are aligned with the environmental commitments of our shareholders, the HAECO Group and Rolls-Royce. To support us in meeting our targets and systematically manage and enhance our environmental performance, HAESL has implemented an ISO14001 Environmental Management System (EMS), following the Plan-Do-Check-Act interactive process. HAESL was awarded the ISO14001 certification in January 2024.
In November 2024, we enhanced our Environmental Policy to reinforce our commitment to sustainable development across various environmental aspects, including energy management, climate change mitigation, material management, chemical management, water management, waste management, and sustainable procurement. This update reflects our dedication to promoting sustainability in every facet of our operations.
Alongside our environmental targets HAESL continues to play an active role in the Hong Kong community. In 2024, we proudly contributed 466 service hours and donated US$80,958 to the community, marking a 56% increase in donations compared to 2023. We were also honoured to receive the 5 Year Plus Caring Company, recognising our dedication to the community.
2024 was a year of real progress in our Sustainability journey. Achieving our long-term environmental targets requires a collective effort by all our staff, our shareholders, and our key stakeholders. I would therefore like to thank all those who played a part in the progress made in the year.
