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It expresses our commitment to provide for, or co-operate in remediation in line with the guidance provided under the UNGPs where we identify we have caused or to which we may have contributed or be directly linked to harm. Tax risk management is governed by both the Qantas Group Risk Management Policy and the Qantas Group Tax Risk Management Policy, ensuring corporate governance obligations with respect to tax risks are met. Consistent with the Groups consultative approach on this complex issue to date, we expect that as our operation resumes, that our dialogue with stakeholders will also resume. Qantas Group returns to profit with record first half result. Pilot Keith Marriott retired in 2020 after a career flying planes for Qantas that spanned 36 years. And it was only realised it was done the wrong way just before the cargo hold was supposed to be closed.". click here. It is intended to ensure a consistent approach to risk management throughout the university. We hold ourselves to high standards in everything we do and give others the information to evaluate our performance. The Qantas Group's strong governance frameworks are overseen by the Board of Directors and the Group Management Committee. Annual reports The Annual Report contains key financial information about Qantas, as well as important operating and corporate information. The Annual Report contains key financial information about Qantas, as well as important operating and corporate information. Upgrade your web browser for an enhanced experience. It is usual for each risk to have a named risk owner. The UQ Policy Handbook is to assist UQ staff developing policies and procedures. Opens in new window. However, a Qantas spokesperson told Simple . Former Air New Zealand executive Cam Wallace has been appointed to lead Qantas' international and freight division. You are . Tino is a Chartered Accountant, a member of the Securities Institute of Australia and the Institute of Company Directors and is a member of the National Executive of the G100. Our Code of Conduct and Ethics and our Group Business Practices document outlines the obligations of our employees, contractors and those we do business with in relation to anti-bribery and corruption, and together with guidance from global regulators, collectively form our anti-bribery and corruption compliance program. HWMq\~U. Strengthening our Code of Conduct and Ethics and Business Practices Document to communicate our human rights commitments and responsibilities, including explicitly prohibiting child labour and forced, bonded or compulsory labour or any other form of modern slavery in our operations and supply chains. Policies Policies Find the information you need to service your customers with ease. Risks do not exist in isolation from other . His current role includes these functions as well as shared services for safety, workforce planning and ground operations as well as Auckland based B737 operator Jetconnect. Mr Finch holds a Bachelor of Commerce, Bachelor of Laws from UNSW, a Master of Laws with First Class Honours from the University of Sydney, and a Master of Business Administration (Exec) from the AGSM. Cyber Security Policy; 5. "I would say that the Australian domestic market is the most competitive in the world. And, above all, achieve the highest standards of safety and integrity. i_2vXqG}[CLwb"9 yv@VnC1_o_Snh>;7ZwL,tqXzbT4ZXFOQL0"lDV[] ]PG%d0DXlsGLh:@H"I"M0FqyPgthnaE\PDNqsuTPPj:BHzU;"&/=TTy:G5O0&[Z[nk;CO`xYaGhHJ{e~,^ZB*BXKaaPtxcN$7^jr}Pq Qantas plans to hire up to 8500 staff including pilots, cabin crew and engineers in the next 18 months. OurWhistleblower Programis a key aspect of our approach to managing human rights, providing a confidential and accessible channel for individuals to raise matters of legitimate concern with us, so they can be addressed. To avoid accidents, it is necessary to put many slices together to layer the defences so there is no possibility that the holes can line up and an accident happen. Opens in a new window Last year, Qantas proposed a new agreement to its international flight attendants that involved significant and deeply unpopular changes to rosters and other conditions. Board Charter View PDF Audit Committee Charter View PDF Compliance, Safety & Responsible Gaming Committee Charter View PDF Risk Management Committee Charter View PDF Qantas has an enviable safety record, consistently ranked as either the safest airline in the world or not far from it. Risk Management Policy is framed as per the following regulatory requirements: Companies Act, 2013: Provisions of the Section 134 (3) "There shall be attached to financial statements laid before a company in general meeting, a report by its Board of Directors, which shall include 2008/09 Qantas Data Book . Under the Qantas Group COVID-19 Vaccination Policyall Australia-based new employees of a Qantas Group entity must be fully vaccinated with an Approved COVID-19 Vaccine and provide Evidence. If there is a medical emergency, I'm required to run towards it and render all help required," Matthew Allsop said. The Group Business Resilience Management System (GBRMS) is an integrated response and recovery system across Qantas Group's strategic, operational and tactical environments, and is subject to a variety of airline and safety standards and regulations. Salient human rights issues are those that are likely to have the most severe negative impact on people, through a companys activities or business relationships. Commenced work to review our external grievance mechanisms against the UNGPs criteria for effective non-judicial grievance mechanisms and took action to encourage employees, suppliers and workers in our supply chain to speak up, without fear of retribution, about any concerns they may have. Since the dawn of the Jet Age, it has never suffered a fatal accident or lost an aeroplane hull, which is a credit to its staff and its leadership. Andrew David has extensive airline experience. Qantas Airways Limited shares are up 1.5% in Tuesday trading as we head into the lunch hour. The three principles that guide us are: operating with integrity (through our safety, people, community and environment strategies). The Qantas Groups approach to doing this rests on three pillars: Looking Ahead, Delivering Today, and Acting Responsibly. J&5^tzbQc>PS0pp"'->]jv-y~:U2Tfpkec *onFDY;ZL6EM.wrmmn>q6_A!0VnBZ[&B X'@0.t/n3U. Qantas told us it "grandfathers" older conditions for long-serving employees "from a different era of aviation",enabling Qantas to become more competitive over time. As part of the analysis undertaken in FY22, we have begun to quantify the financial impacts of these scenarios on the business and will continue to develop our approach and incorporate into disclosures and decision making. The Audit Committee, at least annually, reviews Qantas Managements establishment and operation of an enterprise-wide risk management system. Opens in new window. xkS;3[f! The Board Charter is reviewed annually by the Board, with the last review conducted and amendments approved on 24 August 2022. People are the core of our business, and our commitment to respect human rights, which includes labour rights, starts in our own operations. The announcement can be viewed hereOpens in new window. We continue to learn through collaboration and shared experiences to make the system better. From 2018, we intend our climate change disclosures to align with the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD). Read more hereOpens in new window security and internal audit risk across the Qantas Group. hb```a``f`e`.Ugb@ !+sLt``0\)1`K%A , OH8H#?Dl'7Np`2fr@S)A4)Ah3S[+.w`gL\Nf 2 ^! Nominations Committee: Richard Goyder (Chair), Jacqueline Hey, Belinda Hutchinson and Antony Tyler. Scope |w`ltDs:a^#8RW~s>br|7b}qa.}70}z? ;|k@@]Cv"}{ nvpw$/:`BZyY/UD0|pu!Hwm8m ZcAD19G&`BsGW'T'g0C-)> Ou3 ze1-?d*MM1xy{kxdzM]y=p5o=Mf[3*>v#AM The Qantas Group is working hard to get back to its best as it recovers from the unprecedented impacts of the COVID-19 pandemic and a rapid restart. Opens in a new window Qantas provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age . The respect of human rights is key to our business practices, and we proactively undertake ongoing human rights due diligence in our operations and across our supply chains. Mr Evans was the Chief Financial Officer of the Qantas Group from March 2010 to February 2015. Qantas maintains it has excellent relations with what the chief executivecalls "our people". e9 VHh_>&4BRP#U"1R1n'Fhcd6b!T"8l bH,Qp/'r{HrNjGCu9w;L;:9zuYvO}b{=sYuO66q,-]j|gwN]u&w94~97>cdbo[Auv_(:3yeo];2BiQS1\.zE?ztfn~BqY^TY.I3NGm?;.EDMg]6"eO2(&,Kz\:Gb^0pTeTCy+zMo=a"}L)&4fTRE5aa=I: /zw8X4-&gl .NG_on|pINR:dN>8!Wl\lV%}m$9iC'YlyUX. We are committed to managing the risks that come with a volatile environment by strengthening business resilience and building an agile, adaptive culture - giving us the foundations for sustainable performance in all market conditions. During FY22 this included: The Business Integrity & Compliance team support the business on meeting the requirements of human rights related legislation, practices and standards, including through assessment of suppliers in our supply chain assurance program. The increase of increase is evident from the fact oil prices a prone to fluctuation all over the world(Sky News. Storms threaten north-east United States after tearing through the south, leaving 10 dead, Canberra coach Ricky Stuart slams NRL, RLPA following further concussion controversy, 'How dare they': Possum Magic author hits out at 'ridiculous' Roald Dahl edits, 'Dastardly and heinous crime': Philippines governor killed at home by unknown gunmen, Vanuatu hit by two cyclones and twin earthquakes in two days, Emily was studying law when she had to go to court. We have continued to contribute to industry initiatives to prevent human trafficking, including ongoing consultation on ICAO policy and IATA standards and practices. The Qantas Groups approach to creating and protecting long-term value rests on two strategic pillars: Looking Ahead The Qantas Group encourages Disclosing Persons who have reasonable grounds to suspect a Disclosable Matter to make a disclosure via the following channels, by: Further information about how to make a disclosure, and additional Eligible Recipients is available in the Policy. Weve been serving communities for more than 100 years. Qantas has made several changes to its management team - including a contender to replace CEO Alan Joyce following rumours about a possible retirement at the end of this year. For example, the Qantas Airline may end reducing its business international operations. Matthew Allsop spent just shy of 16 years wearing the Qantas uniform and "flying under the Qantas tail but never actually worked for Qantas proper". We are committed to achieving world class environmental performance in all aspects of our business, reducing our emissions footprint, and contributing to the growth of a low-carbon economy. Financial Risk Management Policy Loss Prevention Procedure 2. Among other roles in business and the community, Mr Joyce is a Director of the Business Council of Australia and member of the Male Champions of Change. Where appropriate, we're committed to working with external organisations and initiatives that promote transparent reporting of financial and non-financial metrics in the public interest. In line with the guidance of the UNGPs, the issues were identified applying the lens of the risk of harm to people, and the severity assessed based on the scale, scope and irremediability of each impact. Today we apply the same systematic approach to all risk disciplines, not just aviation safety. The Qantas Group works with partners to make a positive impact in the community, address disadvantage and extend opportunity. strong corporate governance transparency in reporting. For Qantas, these partners include Make-A-Wish Australia, the National Australia Day Council, Sydney Gay & Lesbian Mardi Gras, UNICEF Australia, the Great Barrier Reef Foundation and Oz Harvest. Qantas staff fear the airline's stellar safety reputation is at risk as pressure from management mounts. "We're seeing them occur across multiple weeks, and ultimately that's where things start to increase in operational complexity. Therefore, there is a risk for the reduction of the Qantas Airline domestic market. We're committed to reducing our emissions in line with the Paris Climate Agreement to limit warming to well below 2C above pre-industrial levels, and pursuing efforts to limit the temperature increase to 1.5C above pre-industrial levels. Environment Policy; 6. More broadly, with Hong Kong open and China's abandonment of its zero-Covid policy, the IMF has forecast Hong Kong to grow 3.9 per cent in 2023, faster than Singapore's 2.3 per cent. Opens in a new window Previous roles have included Chief Executive Officer of Tiger Airways Australia for eighteen months, and Chief Operating Officer of Virgin Australia for five and a half years. 4 0 obj Prior to joining Qantas, Rob was a Partner with Bain & Company in Los Angeles and Sydney working across multiple industries, with an emphasis on media, technology and telecom businesses. Over the years we have learned - and witnessed - the importance of . SHOW MORE You basically fully commit your life to the job, but your skills are not portable. Audit Committee: Belinda Hutchinson (Chair), Maxine Brenner, Jacqueline Hey and Todd Sampson. In line with this, the Qantas Group committed in 2017 to align our climate change-related disclosures to the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD). The Company's Risk Mr Gissing previously held the position of Chief Executive Officer, Qantas Regional Airlines Group responsible for QantasLink branded operations. Olivia joined Qantas in 2009 and has held several positions, including the role of Chief Customer Officer, Group Executive, Brand, Marketing & Corporate Affairs and Group Executive for Government Relations and Corporate Affairs. making it easier for people to formally report workplace bullying and harassment; improving the inclusiveness of organisational culture; and. But conditions do not always remain grandfathered. David will remain as CEO of Qantas Domestic until his departure. It does not dispute union estimates that numbers are down by up to 35 per cent on the levels it had before the onset of COVID-19. Our Business Integrity Compliance program is overseen by the Qantas Board, through the Qantas Audit Committee. The Group reported a $1.43 billion Underlying Profit Before Tax and Statutory Profit After Tax was $1.0 billion. As part of this, we commissioned an independent survey of several thousand employees in 2019 to better understand their experience of any harassment in the workplace. He has a broad range of commercial, operational and people leadership skills. Earlier today, Qantas, Australia's flag carrier, said it expected to add 8,500 roles over the next decade, a move that it said represented a signal that the aviation industry was moving into a . Investor day The Qantas Group entered the crisis in better shape than most airlines. Andrew is also the Qantas Group Company Secretary. They've been beaten down. Oversight is maintained through the assurance activity of Qantas Group Audit & Risk, and ultimately the Audit Committee. Opens in new window, To read our Supplier Requirements and find out more about our supply chain, "All the disruptions that we're getting, none of them, in and of themselves, are anything different to what we deal with on a day-to-day basis," he told ABC's Four Corners. ESG Risk Management We're always working to improve the way we deal with environmental, social and governance risk. "Any one of those things on their ownisn't a big deal to deal with, but when you start adding them up all together, across multiple flights, that starts to become a concern for safety.". Group Finance Policy; 7. Upgrade your web browser for an enhanced experience. It's been prepared to take really destructive decisions in pursuit of the bottom line.". From 1 October 2019, Vanessa Hudson will formally commence the role of Qantas Group Chief Financial Officer, following the appointment of current Chief Financial Officer, Tino La Spina to Chief Executive Officer of Qantas International. Opens in new window. This policy establishes the framework for a formal risk management program by designating responsibility for risk identification and analysis, planning for risk mitigation, and outlining program management and oversight. As governments are key decision makers of issues that directly impact our business, we invest in building effective and collaborative relationships in order to achieve optimal business outcomes for the Group. But in the aviation chaos of the past few months amid huge numbers of delayed flights, cancelled flights, and after the loss of experienced staff employees have told us about their fears that the stellar reputation of the airline they love could be undermined. Gareth Evans was appointed CEO Jetstar Group in November 2017. We recognise human-induced climate change is a significant issue for the aviation industry. Implementing human trafficking training for our aircrew to support identification of, and responses to, suspected instances of trafficking. As a result, we have emerged from the pandemic a stronger and more resilient company. Some staff we spoke to worried that what they view as the nickel-and-diming of staff is approaching a point where it could affect safety. COVID-19 is the biggest challenge ever faced by global aviation and its impacts will be felt for some time. The Qantas Group adopts a proactive approach to enable identification, evaluation and effective management of the risks and opportunities that arise. As a matter of fact, only particular people are gifted with a talent for writing. Tinos current portfolio includes Group Finance, Group Procurement, Treasury, Investor Relations and Mergers and Acquisitions.