qantas group risk management policy

They're not the same.". Likewise, the existing competitors are likely to intensify their competition to either increase their market share of maintain their competitor advantage. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> 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. Io&Z $a S,:xM We recognise human-induced climate change is a significant issue for the aviation industry. He has more than 35 years experience in the aviation industry across regional, domestic and international operations in both the premium and low cost carrier sectors. Opens in new window. 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. As a result, we have emerged from the pandemic a stronger and more resilient company. Tinos airline experience also includes roles at Ansett and Skywest. Reconciliation Action Plan (RAP) Since 2007, our 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. We recognise our responsibility to respect human rights by taking steps to avoid negative impacts on people and the planet from our activities, and by making positive impacts where we can. We can't name the many employees we spoke to because they could be sacked for raising their concerns. Risk management creates and protects value. The Risk Management Process in Project Management Qantas plans to hire up to 8500 staff including pilots, cabin crew and engineers in the next 18 months. The Qantas Group announced its Chairman succession on 28 June 2018. "It was a metaphorical gun to the head," Tony Lucas said. Lesley has extensive senior executive experience in the airline industry in customer, brand, marketing, operations, digital and new ventures. click here. Aviation has been at the forefront of the global business response to climate change, becoming the first industry to voluntarily commit to emission reduction targets as far out as 2050. Financial Risk Management Policy Loss Prevention Procedure 2. As a result, we have emerged from the pandemic a stronger and more resilient company. PDF Qantas Airways Limited Safety, Health, Environment & Security Committee "It's been prepared to take every angle under the act. As cancellations and delays threaten Qantas's reputation with customers and its budget faces challenging conditions, can the airline turn things around? Why Platinum, Qantas, Red 5, and Zip shares are dropping today 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. Our anti-bribery and corruption risk assessment program is being progressively launched across our business. % Risk Management Policy - Timaru District Council The role of CEO of Qantas Domestic and [] Read more Annual reports The Annual Report contains key financial information about Qantas, as well as important operating and corporate information. PDF Risk Management Policy - Blue Star India |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 ", A Qantas pilot told ABC's Four Corners: "When you mix a safety critical role with a threat of losing your job, then it really only ends in one way. A key test is whether participating in these external initiatives complements and extends our own reporting in a meaningful way. In the process, we aim to have a positive impact on the broader community and minimise our impact on the environment. He has an Executive MBA from Auckland University. Oversight is maintained through the Boards Audit Committee and Safety, Health, Environment and Security Committee (also known as CHESS). We report transparently to demonstrate how we're creating shareholder value, advancing our strategy, laying foundations for long-term sustainability, and making a positive impact in the communities we serve. "I considered it to be one of the greatest privileges that anyone could have. Our Board of Directors combines deep experience and diverse perspectives to ensure we're delivering against our strategy and meeting our responsibilities to investors and other stakeholders. 4.36 QFF follows the Qantas Group risk management practices, policies and procedures. . Employees Employees are responsible for looking for opportunities to improve operational efficiencies and optimise outcomes. Risk Management Policy; 9. Join Qantas Frequent Flyerorsubscribe to Red Email today. Part of Wallace's remit will be to guide preparations for the company's "Project Sunrise," according to Qantas. 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. In doing so, we can ensure that our business is resilient in the transition towards a low carbon economy. To find out more about our environmental strategy and performance, Sustainability Portal The Board has approved charters for each Committee: Audit Committee Charter (PDF) Nominations Committee Charter (PDF) Remuneration Committee Charter (PDF) Safety, Health, Environment and Security Committee Charter (PDF). Jetstar's community initiatives include Star Kids, which raises funds for World Vision, and Flying Start, which offers grants for charitable initiatives. "So, all four of those working together,side by side, pushing carts, handing out meals on one plane.". The Board Charter is reviewed annually by the Board, with the last review conducted and amendments approved on 24 August 2022. 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. Mr Finch leads a team that is responsible for the management of legal, governance, compliance and business integrity, safety, security and internal audit risk across the Qantas Group. Risk Management Policy - Policy - JCU Australia - James Cook University The CHESS has responsibility for strategy, policy, systems oversight, monitoring and corporate governance over operational risks of the Qantas Group. ". He is a Fellow of the Royal Aeronautical Society and the Australian Academy of Technological Sciences and Engineering and holds a Bachelor of Science in Applied Science (Physics and Mathematics) (Honours) and a Master of Science in Management Science. An Engineering degree in Aeronautical, Mechanical, Electrical or equivalent. Qantas Investors | Group Management Committee The strong financial position means the Group can reinvest, particularly in fleet and customer experience, as well as rewarding employees and shareholders. Rob Marcolina joined Qantas in October 2012 as Executive Manager Strategy and has expanded his role over the past few years to now having responsibility for driving the overall strategy of the Qantas Group, leading the group wide transformation program and day-to-day responsibility for Qantas IT systems, and their ongoing efficiency and effectiveness. 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 Management The CEO is responsible for the day-to-day management of the Qantas Group, with all powers, discretions and delegations authorised from time to time by the Board. "And then what they do is, they play one group of pilots off another group, and essentially threaten to take the flying a group of pilots is currently doing and give it to another group of pilots.". The Groups Business Integrity & Compliance function, reporting to the General Counsel and Group Executive, Office of the CEO, ensures that the Group is best positioned to respond to both the rapidly evolving regulatory environment and shifting societal expectations regarding corporate ethics. The Group has partnered with external consultants and climate change experts to further understand the physical and transitional risks, as well as emerging opportunities that may arise from a changing climate. The Qantas Group is committed to transparency on key performance indicators, including environmental, financial and social. Qantas staff fear the airline's stellar safety reputation is at risk as Risk Management Policy - Policies endstream endobj 149 0 obj <>/Metadata 17 0 R/Pages 146 0 R/StructTreeRoot 31 0 R/Type/Catalog>> endobj 150 0 obj <>/Font<>/ProcSet[/PDF/Text/ImageC]/XObject<>>>/Rotate 0/StructParents 0/TrimBox[0.0 0.0 841.89 595.276]/Type/Page>> endobj 151 0 obj <>stream To find out more about our diversity strategy and key focus areas, We continue to learn through collaboration and shared experiences to make the system better. Third, any lucrative business will attract new competitors. Where we identify an adverse impact that we may have caused, contributed to or be directly linked, we adopt a consultative and measured approach to identify appropriate response options and take action consistent with the guidance provided under the UNGPs. Following ongoing discussions with the Department of Home Affairs about the repatriation of deportees who have not been granted asylum by the Australian Government, the Department has updated its Persons in Custody (PIC) form so that airlines are advised whether an individual has outstanding proceedings before a court or tribunal prior to international transportation. 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. 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. They are: Our success as a business and our approach to corporate citizenship starts with the custodians of our brand - our people. The Group undertook our first climate scenario analysis in 2019 in line with the recommendations of the TCFD. Qantas Group - Manager Risk Opens in new window, To find out more about how Jetstar is making a difference, Joining Qantas in 1994 she has held a variety of senior commercial, customer and finance roles across the Group, both onshore and overseas. We are red-lining, running at max capacity in a very dynamic, challenging environment. *Please note, applicants must have unrestricted working rights to live and work in the USA. Harassment in the workplace is not tolerated and is a form of discrimination if it is based on an unlawful ground such as gender, race or disability. Risk refers to the probability of an event and potential consequences, both positive and negative, to UNCG. People are the core of our business, and our commitment to respect human rights, which includes labour rights, starts in our own operations. Qantas Group Tax Risk Management Policy, ensuring corporate governance obligations with respect to tax risks are met. We provide high-quality papers covering a wide range of services. hereOpens in new window 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. "We can't build enough experienced people doing the job more efficiently and safely, so we do jobs more slowly and haphazardly as people just don't know, they're still learning on the job. This incident can be seen one of two ways:The fact that a supervisor apparently picked up the error before the plane departed could suggest that the Swiss cheese defences are robust. Opens in a new window Our diversity strategy, meanwhile, is focused on mitigating unconscious bias, improving access to flexibility, recruitment and talent programs and dedicated leadership development. Qantas responded by applying to have their existing enterprise agreement terminated and push the employees back to the bare-bones-award safety net, with significantly lower pay and benefits. The Board has established Committees that are responsible for considering detailed issues and making recommendations to the Board. and Audit Committee, review Qantas Management's establishment and operation (within the risk appetite set by the Board) of an enterprise-wide operational risk management system which is designed to identify, assess, monitor and manage operational risk throughout the Qantas Group in relation to safety, health, environment, security and Andrew was previously the founder and Managing Director of a large public affairs firm that was acquired by the Ogilvy Group in 2001. 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. The change will be effective following the AGM on 26 October. 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. On the other hand, it could suggest that skill and experience, an important layer of defence, has been eroded. Since its privatisation 30 years ago, it has been finding creative ways to cut labour costs. k_'J+BpphOjtH`w=KBfvFl'`' m8d 4=lY1843VW\%zHg^@{yKwco4`PYd9_ Shareholders | ESG risk management - NAB COVID-19 is the biggest challenge ever faced by global aviation and its impacts will be felt for some time. This includes aviation safety, WHS, environment, security (including cyber security) and business resilience matters. 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 In line with the UNGPs, we engaged expert advisory consultants to lead the refresh of our salient human rights issues. I am the airline's first responder. 4. 4.2 Risk management process The risk management system is dynamic and is designed to adapt to GTN's developments and any changes in the risk profile over time. "Bags aren't making aircraft on time. The risk management system is based on a structured and systemic process which takes into We also report our findings in the Qantas Group Annual Review. 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. We set mandatory requirements to manage and protect the health and wellbeing of our employees and contractors governed by the Our Requirements for Health standard and our mandatory minimum performance requirements for risk management, as well as local regulatory requirements, standards and procedures. 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. March 17, 2020 . Compliance measures are used as a tool to address identified risks. 2 0 obj Qantas Investors | Sustainability and governance 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. endobj Our governance | Qantas AU UQ Policy and Procedures Library (PPL) - Policies and Procedures He is a member of the ACC General Counsel Advisory Board, and ACC Australias GC100 and Advocacy Network. As Chief Financial Officer his portfolio included Finance, Strategy, Treasury, IT, Procurement (including Fleet), Investor Relations, Mergers & Acquisitions and the Groups Business Transformation Program. %PDF-1.7 Andrew is also the Qantas Group Company Secretary. Qantas provide an opportunity for the maximum number of shareholders to attend an Annual General Meeting (AGM). If we identify material risks, we will work with suppliers to remove the risks where possible, and otherwise to substantially mitigate them. If there is a fire, I'm required to run towards it. The system is recognised globally by the industry as an example of best practice and forms the foundation of our risk management approach. The Qantas Sale Act requires the Constitution to contain specific provisions designed to reflect Qantas' position as Australias national carrier. Managing climate risk | Qantas AU 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).

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