The padlock is a dielectric thermoplastic safety padlock, which means it is designed to prevent electrocution and arc flashing.
The components are non-sparking and non-magnetic.
The lock is typically used to secure a lockout device, which prevents the movement of a machine and the flow of hazardous energy.
The text on the lock "DANGER LOCKED OUT DO NOT REMOVE" is a standard warning for these types of safety devices.