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. Our governance | Qantas AU COVID-19 is the biggest challenge ever faced by global aviation and its impacts will be felt for some time. 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". The group consists of: Jetstar Airways in Australia and New Zealand, wholly owned by the Qantas Group. Andrew was previously the founder and Managing Director of a large public affairs firm that was acquired by the Ogilvy Group in 2001. Further detail on our supply chain assurance program can be found in our Modern Slavery Statement. Vanessa has a Bachelor of Business and was admitted as a Member of the Institute of Chartered Accountants in 1994. A $200 million investment in operational resilience delivered a significant improvement in operational performance for customers. In plain English, Qantas would find a new company to hire other pilots to do the work. Famously, on October 29, 2011, Qantas chief executiveAlan Joyce grounded the entire Qantas fleet worldwide, leaving tens of thousands of passengers stranded during an industrial dispute with pilots, engineers and ground-handlers. He has an Executive MBA from Auckland University. The Qantas Constitution (PDF) is Qantas' key governance document. We hedge fuel and foreign exchange to protect against material adverse movements not to beat market prices. In line with the UNGPs, we engaged expert advisory consultants to lead the refresh of our salient human rights issues. The Audit Committee undertakes the functions of a risk committee as set out in the ASX Corporate Governance Principles. All items in the FY21 Results Presentation are reported on an Underlying basis, unless otherwise stated. endobj I couldn't have scripted a better career.". Opens in new window Since then, the Group has been working to implement these across the core elements of climate-related disclosures. Risk management creates and protects value. 148 0 obj <> endobj 172 0 obj <>/Filter/FlateDecode/ID[]/Index[148 45]/Info 147 0 R/Length 108/Prev 929664/Root 149 0 R/Size 193/Type/XRef/W[1 2 1]>>stream An important element of this is to ensure we continue to refine the findings of our climate scenario analysis and incorporate them into strategy and planning decisions. He is also president of the Australian and International Pilots Association, a voluntary position he holds alongside his job at Qantas. Media Releases - Qantas News Room The occurrence of the above mentioned risks will have the following consequences in the event of their occurrence; The unmanageable increase in fuel prices may force the company to reduce its business operations(Thomas, 2014). Lesley has extensive senior executive experience in the airline industry in customer, brand, marketing, operations, digital and new ventures. Our Treasury Risk Management team takes a conservative approach to hedging, securing protection up to two years into the future and giving us time to respond to any longer-term changes in our operating environment. Mr Evans was the Chief Financial Officer of the Qantas Group from March 2010 to February 2015. We're proud of our joint collaboration with government and broader industry to strengthen Australias approach to anti-corruption through our participation in dedicated focus groups, such as the Bribery Prevention Network and our association with industry bodies such as the Global Compact Network. Therefore, there is a risk for the reduction of the Qantas Airline domestic market. Safety, Health, Environment and Security Committee: Antony Tyler (Chair), Alan Joyce, Belinda Hutchinson and Michael L'Estrange. Opens in a new window The Group aims to ensure a safe and fair working environment for our people and we also recognise the rights of our employees to freedom of association with unions and collective bargaining. . We know that how a business conducts its activities and operations can affect the human rights of other people, whether they are employees, customers, workers in our supply chain, or the broader community. 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. Learnabout how we're managing our climate risk by enhancing our understanding of the physical and transitional risks, as well as emerging opportunities that may arise from a changing climate. Costs of acquiring and maintaining staff. As weve done during the pandemic, were continuing to transform to make sure were well positioned for the future. Our due diligence program assists us to assess and ensure that those we partner with operate with a commensurate level of integrity, operate within the law and meet our requirements. Upgrade your web browser for an enhanced experience. The costs of maintaining staff will contribute to negative impacts on the company profits. It's a theory of accident causation based on thismetaphor, because all human-designed systems are fallible:They have holes in them, like a slice of Swiss cheese. Scope This policy sets the minimum requirements related to risk management for the Sandvik Group. "This investment can't be made at any cost and the flight crew cost base remains the last component of the overall business case which needs to be met," Qantas management told pilots in an email. Qantas makes several changes to its management team "As frustrating as it is for passengers, for pilots it means we're working a lot harder to keep the flights on schedule," one Qantas pilot said. After three years and $7 billion in statutory losses due to the pandemic, the Qantas Group has returned to profit with a record result for the first half of FY23. You'll facilitate risk workshops for strategic projects/initiatives and business as usual activities as required. click here. Opens in a new window 1 . Board & Committee Charters - Crown Resorts Corporate Governance Board & Committee Charters View our charters. Prior to this, Mr Evans was CEO Qantas International & Freight where he led the successful turnaround of Qantas international operations and the arrival of Boeing 787-9 Deamliners into the Qantas Fleet. endobj J&5^tzbQc>PS0pp"'->]jv-y~:U2Tfpkec *onFDY;ZL6EM.wrmmn>q6_A!0VnBZ[&B X'@0.t/n3U. Our Modern Slavery Statement,pursuant to the Australian Modern Slavery Act 2018 (Cth) (MSA) and s54(1) of the Modern Slavery Act 2015 (UK MSA) sets out the actions taken by the Qantas Group to assess and address modern slavery risks in our operations and supply chains. 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. We provide high-quality papers covering a wide range of services. Responsible investment Our wealth businesses have Responsible Investment Policies We report our progress against the framework goals through half-year and full-year results announcements, quarterly trading updates, our Annual Review and Report, our Annual General Meeting, regular Investor Days, and other ad hoc investor presentations. It claimed unions weremaking "baseless and generalised" safety claims to "further their industrial agendas". The Board has overall responsibility for the governance of risks. We can't name the many employees we spoke to because they could be sacked for raising their concerns. Risk Management Policy | RBA - Reserve Bank of Australia The Group Policies apply to Qantas Group entities and employees in line with the Group's Corporate Governance . And it was only realised it was done the wrong way just before the cargo hold was supposed to be closed.". click here. With the right risk-management method, accompanied by diligent reviewing of your investments, we work to mitigate the risk to your retirement savings by minimizing exposure to market uncertainties and tempering the effects of inflation on your portfolio. Learn about our corporate governance framework which is designed to ensure the Group lives up to its obligations and commitments as it works to enhance shareholder value. The global financial crisis will affect the international business operations of Qantas Airline. Risk Management Policy - Timaru District Council Today we apply the same systematic approach to all risk disciplines, not just aviation safety. The Qantas Group entered the crisis in better shape than most airlines. Andrew is a board member of the peak advocacy group for airlines in the region - Airlines for Australia New Zealand (A4ANZ) and is also a member of the IATA Industry Affairs Committee and an Advisory Board Member of the Tourism & Transport Forum. Qantas Airways Limited ABN 16 009 661 901. Both Qantas and Jetstar have introduced engagement and culture-focused training programs, covering 21,000 employees. Scope They feared the holes were moving closer together. During the pandemic we made tough but necessary decisions to ensure that we survived and could recover quickly. security and internal audit risk across the Qantas Group. "Bags aren't making aircraft on time. Swot Analysis Of Qantas Group - 1205 Words | Bartleby The Qantas Group adopts a proactive approach to enable identification, evaluation and effective management of the risks and opportunities that arise. However, a Qantas spokesperson told Simple . It can come with a hidden cost to morale. Before Qantas, Andrew was Senior Vice President Public, International, Industry, Environment Affairs at Emirates, based in Dubai. He has over 35 years experience in aviation across a variety of roles, including six years as Chief Financial Officer for Qantas International and 12 years managing regional arm, QantasLink. We have made the decision to not actively participate in the following external initiatives: Qantas Group Corporate Governance Statement, Modern Slavery and Human Trafficking Statement, Everyone has the right to return home safely, Being a fit, agile and diverse organisation drives innovation and simplicity, Working together in an inclusive manner always delivers the optimal group outcome, Each employee deserves respect, trust and good leadership. Remuneration Committee: Jacqueline Hey (Chair), Maxine Brenner, Michael L'Estrange and Todd Sampson. He commenced with Qantas as Chief Operating Officer in July 2014 and on 1 March 2015 was appointed Chief Executive Officer of Qantas Domestic. This service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced. PDF Qantas Group Voluntary Tax Transparency Code Report 2016 % Thats how we create value for our stakeholders, opportunities for our people and world-class experiences for our customers. Opens in new window. Across our workforce, we maintain an 'informed culture' of safety and security. Group Finance Policy; 7. <>/Metadata 362 0 R/ViewerPreferences 363 0 R>> Every employee and contractor is aware of risks to the business and their responsibility to manage those risks, and we encourage employees to highlight actual or potential concerns. It's been prepared to take really destructive decisions in pursuit of the bottom line.". Secure Your Legacy. In addition to her current responsibilities, Lesley has played an active role within Qantas Group in talent development and inclusion and diversity. Our Group training matrix identifies those employees who, due to the nature of their role, are required to complete anti-bribery and competition law training. We test the strength of our culture through annual employee surveys and analysis of retention and turnover, using the insights to find out what's important to our employees and how we can improve in future. Jetstar-branded carriers operate more than 5,000 flights a week to more than 85 destinations. 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. The Audit Committee, at least annually, reviews Qantas Managements establishment and operation of an enterprise-wide risk management system. 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.
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