Implementation of TSM is designed to be undertaken in a phased process. MCA member companies have been undertaking training and will be looking to perform a gap analysis in 2023. The gap analysis will provide the basis of their action plan for implementation prior to public reporting of self-assessments in 2025-26.
Member companies have committed to demonstrate continual improvement until they achieve good practice. Each year companies reflect on their performance and identify opportunities for improvement or key risks to address.
History has shown that the aggregated TSM benchmarks demonstrate that improvements in industry performance have been measurable and meaningful.