qantas group risk management policy

"Unfortunately, that has been usedas a threat to the pilots. A risk is anything that could potentially impact your project's timeline, performance or budget. GROUP RISK MANAGEMENT POLICY - MAY 2021 Through our streamlined enterprise wide approach to risk management the Audit and Risk Committee is provided with visibility of material risks and our risk mitigation strategies. He joined Qantas in 2006 as General Manager Strategy, then CFO and Head of Commercial for Loyalty and was Group Deputy CFO from August 2009 before being appointed Group CFO in March 2015. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. Remuneration Committee: Jacqueline Hey (Chair), Maxine Brenner, Michael L'Estrange and Todd Sampson. We have seen airlines like Virgin like Rex come into the market and start up from scratch and the national carrier to survive has to have adapted to it. Opens in a new window 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. Risks are assessed in accordance with the Qantas Group Risk Assessment Guide (QRAG). Supporting our Code of Conduct and Ethics is a suite of policy documents, procedures and guidelines that outline the minimum standards required of all our employees, and which support our employees to act legally and with integrity. Qantas Group Tax Risk Management Policy, ensuring corporate governance obligations with respect to tax risks are met. Close to 98 per cent of its staff voted the agreement down. As a company thats been around for 96 years, Qantas is used to looking at the big picture. Tony Lucas has been a pilot for 30 years, 27 of those with Qantas, and he has risen through the ranks to become a check and training captain. A summary of indicators can be found BLUE STAR'S RISK MANAGEMENT FRAMEWORK The Company has adopted the Committee of Sponsoring Organizations of the Treadway Commission Group Management Committee. 2008/09 Qantas Data Book . Opens in a new window Key to this is responsible, ethical and sustainable business practices. This includes aviation safety, WHS, environment, security (including cyber security) and business resilience matters. The three principles that underpin this approach are: Every Qantas Group employee is a custodian of our reputation for excellence and integrity, with a responsibility to uphold the standards we set ourselves and the values we represent. Compliance measures are used as a tool to address identified risks. The three principles that guide us are: operating with integrity (through our safety, people, community and environment strategies). I couldn't have scripted a better career.". 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. Program management and oversight is a University-wide responsibility that calls for the active involvement of executive . k_'J+BpphOjtH`w=KBfvFl'`' m8d 4=lY1843VW\%zHg^@{yKwco4`PYd9_ A key test is whether participating in these external initiatives complements and extends our own reporting in a meaningful way. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> The Qantas Group strongly believe that vaccination against COVID-19 is critical for the safety of our people, customers, ongoing operations and for aviation more broadly. Learn more aboutInclusion and Diversity. "Bags aren't making aircraft on time. %PDF-1.6 % This may lead to the closure of some of its international business segments. Opens in new window Vancouver-based Uniglobe is also adding Canada's House of Travel to its membership. As Chief Financial Officer his portfolio included Finance, Strategy, Treasury, IT, Procurement (including Fleet), Investor Relations, Mergers & Acquisitions and the Groups Business Transformation Program. Our sports and arts sponsorships are focused on supporting elite Australian talent and helping our national teams excel in global competitions. View the highlights from the latest and previous Investor Days as well as the accompanying Australian Stock Exchange (ASX) releases and webcasts. hbbd``b`z $@@}7"n \"A`IAD([RD @B +"b`` 1@ 3IX endstream endobj startxref 0 %%EOF 192 0 obj <>stream The Qantas brand is synonymous with Australia. For example, the Qantas Airline may end reducing its business international operations. Mr Gissing joined Qantas Airways in 1999 and holds an Air Transport Pilot Licence with 10,000 hours flying experience. "I would say that the Australian domestic market is the most competitive in the world. Salient human rights issues are those that are likely to have the most severe negative impact on people, through a companys activities or business relationships. View the highlights from the latest and previous Full Year Results announcements. The global nature of our business means that we interact with government and their agencies across the regions and countries in which we operate. |}CWM[]*C:5m6n~5V}xwm]\M^^uwHYc'{{u9+jt4o\>-{67['aN~_aR,X,,EQ+:#W9u^P5B-9;+u A=3I{ ,ymxd1g9f)y>G#|DQaFAFaFAFa.A.a.A.aAaA@ @ @ @ @ @ @ yyx |w`ltDs:a^#8RW~s>br|7b}qa.}70}z? ;|k@@]Cv"}{ nvpw$/:`BZyY/UD0|pu!Hwm8m ZcAD19G&`BsGW'T'g0C-)> Ou3 ze1-?d*MM1xy{kxdzM]y=p5o=Mf[3*>v#AM Under his leadership Qantas has implemented its biggest transformation since privatisation in 1995, renewed its fleet and technology, lifted customer satisfaction to record levels and expanded with new ventures and partnerships. During the pandemic we made tough but necessary decisions to ensure that we survived and could recover quickly. Our approach to risk management starts with our first priority: the safety of our customers and employees. To find out more about our safety strategy and performance, see page 16 of the Policies Policies Find the information you need to service your customers with ease. At the heart of our everyday activities are a set of business principles and commitments that ensure fair dealing and protect stakeholder interests. The Company's risk management policy provides the framework to manage the risks associated with its activities. In doing so, we can ensure that our business is resilient in the transition towards a low carbon economy. To A Whistleblower program is an important element in deterring corrupt, illegal or other undesirable conduct. Management Committee and the Board of Directors, for the purpose of assessing the performance of the Qantas Group. They include the Qantas Constitution, Board committees, the Qantas Group Business Practices document, and a range of other policies. Qantas recognises that airlines have a role to play in preventing human trafficking and was a key sponsor of theInternational Air Transport Associations June 2018 Annual General Meeting ResolutionOpens external sitethat denounced human trafficking. Especially the staff that we deal with on a day-to-day basis around aeroplanes, ground staff, check-in staff. The Board of Directors receives a bi-annual Group Risk Report incorporating the Group Short Term (0-3 year) and Long Term (3-10 year) risk profiles, trends, risk interconnectivity and monitors the management of notable risks. Risk management Observations. Since operationalising our Supply Chain Assurance program weve continued to assess how we interpret and respond to risk. Naren Kumar was appointed Acting CEO of Qantas International in April 2019. Comply with Group Management Systems and Policy. Investor day Contract Engagement, Review and Execution Policy; 4. Andrew moved to Australia in 2005 from New Zealand where hed spent thirteen years with Air New Zealand in various executive roles. ". 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. 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). They are: Our success as a business and our approach to corporate citizenship starts with the custodians of our brand - our people. _^)%Ngx:(uC$[[$[[$[[$[[$[[$[[d"Ssmf_:'c[tlWzgpf J endstream endobj 37 0 obj <> endobj 38 0 obj <> endobj 39 0 obj <> endobj 40 0 obj <>stream It is designed to identify, assess, monitor and manage risk. The Qantas Group is announcing changes to its Group Management Committee, as the national carrier moves into a new phase of growth and renewal. The Qantas Groups approach to creating and protecting long-term value rests on two strategic pillars: Looking Ahead "So, all four of those working together,side by side, pushing carts, handing out meals on one plane.". FY23 Preliminary Final results announcement. Olivia is also on the Board of UNICEF Australia. The latest FRMS was given the thumbs up by Australia's aviation safety regulator, CASA, following a 12-month trial. click here. Qantas provide an opportunity for the maximum number of shareholders to attend an Annual General Meeting (AGM). Our services include term papers, research papers, book reviews, homework assignments, dissertations, assignments, business papers, and thesis papers. And we know that our continued success relies on day-to-day operational excellence and keeping a steady eye on the horizon. The Qantas Sale Act requires the Constitution to contain specific provisions designed to reflect Qantas' position as Australias national carrier. Qantas takes the challenge of human-induced climate change very seriously, as recognised in the release of our Group Climate Action Plan (PDF) in 2022. The Qantas Group works with partners to make a positive impact in the community, address disadvantage and extend opportunity. You'll have: A minimum of 5 years of experience within the Aviation industry. The Australian Taxation Office (ATO) has advised that the Qantas Group is a key Our Supply Chain Assurance program, launched in FY18, has a clear focus on six key risk areas: This program helps us understand how our suppliers are producing the goods and services we pay them for, and to make sure they comply with Qantas'Supplier Requirements (PDF). ESG Risk Management We're always working to improve the way we deal with environmental, social and governance risk. 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. 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. The airline announced on . Opens in new window. The Board Charter is reviewed annually by the Board, with the last review conducted and amendments approved on 24 August 2022. Our approach to risk management starts with our first priority: the safety of our customers and people. *Please note, applicants must have unrestricted working rights to live and work in the USA. Platinum Asset Management Ltd ( ASX: PTM) The Platinum share price is down 17% to $1.89. strong corporate governance transparency in reporting. Lesley has extensive senior executive experience in the airline industry in customer, brand, marketing, operations, digital and new ventures. stream As a result, we have emerged from the pandemic a stronger and more resilient company. and Acting Responsibly. Qantas Airways Limited ABN 16 009 661 901. Qantas makes no apologies. Safety, Health, Environment and Security Committee: Antony Tyler (Chair), Alan Joyce, Belinda Hutchinson and Michael L'Estrange. OurModern Slavery Statement (PDF)outlines in detail the measures the Group had to take to ensure its survival, including the potential human rights impacts, on our people, operations and supply chain. Involuntary Deportees include persons who overstay working visas, are denied entry for visa irregularities, and criminal extraditions. CHESS also has oversight of risks associated with regulatory compliance. In addition to the human rights due diligence and risk assessment of new and recontracting suppliers, we commenced work to assess our existing unassessed supplier base. Safety and Health Policy; and 10. Cyber Security Policy; 5. The objective of this Risk Management Policy (RMP) is to ensure that we are managing risk to the best of our ability to enable the successful achievement of the Bank's objectives. 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. "I totally enjoyed my time with Qantas," he said. For consumer brands especially, protecting value is also about maintaining a social licence to operate. The Qantas Group adopts a proactive approach to enable identification, evaluation and effective management of the risks and opportunities that arise. The costs of maintaining staff will contribute to negative impacts on the company profits. Qantas's early rally lost steam and closed 0.3 per cent lower at $6.515. Mr Joyce served as founding Chief Executive Officer of Jetstar for five years from October 2003, establishing its operations in Australia and across Asia. Secure Your Legacy. 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. Using this risk-based approach, we may also deliver training to contractors, agents or persons who may act on our behalf. Lesley Grant was appointed as Group Executive, People, Culture and Corporate Affairs from 1 November 2017 and previously held the positions of Chief Executive Officer, Qantas Loyalty from 2012 to 2017 and Group Executive Customer and Marketing. 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. The Group undertook our first climate scenario analysis in 2019 in line with the recommendations of the TCFD. Risk management is systematic, structured and timely. His work experience covers both full service and low cost carriers. After COVID devastated aviation in 2020, Qantas announced it would retrench 1,700 ground staff at Australia's major airports. All of this gives us confidence as we invest for growth and future success. In demonstration of our commitment to evolving our approach to human rights, we have collaborated with customers, suppliers, investors and civil society representatives to better understand their perspectives on the role of the aviation industry in respecting human rights, and to share our insights. The risk management system is based on a structured and systemic process which takes into The Qantas Groups approach to doing this rests on three pillars: Looking Ahead, Delivering Today, and Acting Responsibly. "As a result, we have a very high turnover rate that makes the already-bad situation even worse. In line with the UNGPs, we engaged expert advisory consultants to lead the refresh of our salient human rights issues. The Group acknowledges the complexity of immigration issues and respects that there are various views in the community and amongst shareholders about Australias immigration policy. Annual reports The Annual Report contains key financial information about Qantas, as well as important operating and corporate information. <> 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. 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.

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