The Qantas Group announced its Chairman succession on 28 June 2018. The announcement can be viewed hereOpens in new window. Across our workforce, we maintain an 'informed culture' of safety and security. "It takes a long time to become a pilot. We are red-lining, running at max capacity in a very dynamic, challenging environment. Both roles will report to Qantas Group CEO Alan Joyce. We believe in showcasing Australian success on the world stage and, in turn, inspiring the next generation of Australians to aspire to great things. /`B4zI *9@/dp&u{I2{?$}MdxySCER:s MEa8dO/jS=)h2yw?O-FO_yu vD&0%\*+pE`1cu[ @rJZRtahpEVyJrx hTIbK),\8} ,9r{(,sujS`A@yB+K2Qt9 This was on display when Qantas negotiated a new enterprise agreement with its long-haul pilots for Airbus 350 planes capable of ultra-long-range flights, direct from Australia to New York or London. and Audit Committee, review Qantas Management's establishment and operation (within the risk appetite set by the Board) of an enterprise-wide operational risk management system which is designed to identify, assess, monitor and manage operational risk throughout the Qantas Group in relation to safety, health, environment, security and Audit Committee: Belinda Hutchinson (Chair), Maxine Brenner, Jacqueline Hey and Todd Sampson. As governments are key decision makers of issues that directly impact our business, we invest in building effective and collaborative relationships in order to achieve optimal business outcomes for the Group. Pilot Keith Marriott retired in 2020 after a career flying planes for Qantas that spanned 36 years. hR:)[%_f: -7Q&vj;gm ! q$u}^VQ PI Tino commenced his career in professional firms, including Ernst & Young, where he held Tax Accounting and Audit positions in Australia and the UK. The Qantas Group works with partners to make a positive impact in the community, address disadvantage and extend opportunity. Qantas claims that its approach is "common across the industrial landscape"; it's less common to use a structure of subsidiaries and silo companies to achieve that goal. Platinum Asset Management Ltd ( ASX: PTM) The Platinum share price is down 17% to $1.89. Comply with Group Management Systems and Policy. Opens in new window, To find out more about how Jetstar is making a difference, Qantas has an enviable safety record, consistently ranked as either the safest airline in the world or not far from it. 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. Over the years we have learned - and witnessed - the importance of . "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. 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. 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. If we identify material risks, we will work with suppliers to remove the risks where possible, and otherwise to substantially mitigate them. 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 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. Prior to joining Qantas, Tino was the CFO of National Express Group Australia (the Australian operations of National Express Group plc), a public transport provider. "Now, if you are a worker with a mortgage and your employer is threatening to terminate your existing enterprise agreement, the consequence for you could be that you can't pay your mortgage, that you no longer have the income coming in that you have organised your life around.". endobj They feared the holes were moving closer together. Qantas risk management practices capture threats and opportunities that have been assessed using the QRAG, with risks reported to Executive Management based on their significance (risk rating and/or consequence levels). In disclosing our financial performance, we comply fully with ASIC regulations, ASX rules and broader global reporting standards. The regular refresh of our saliency assessment is critical in helping us prioritise the human rights issues which are, or have the potential to cause, the most harm, and enables us to manage the key risks to people and to the business. All of this gives us confidence as we invest for growth and future success. The Qantas Group is committed to transparency on key performance indicators, including environmental, financial and social. David will remain as CEO of Qantas Domestic until his departure. Tip Sheets give additional guidance on specific topics: Policy and Procedure . Program management and oversight is a University-wide responsibility that calls for the active involvement of executive . Tinos current portfolio includes Group Finance, Group Procurement, Treasury, Investor Relations and Mergers and Acquisitions. A key test is whether participating in these external initiatives complements and extends our own reporting in a meaningful way. endobj 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. He was also a key architect in the Qantas Emirates alliance that launched in 2013. making it easier for people to formally report workplace bullying and harassment; improving the inclusiveness of organisational culture; and. It claimed unions weremaking "baseless and generalised" safety claims to "further their industrial agendas". However, it saysit requires fewer engineers than it had pre-COVID because maintenance requirements are much lower, with its 747-fleet retired and international capacity down. We continue to learn through collaboration and shared experiences to make the system better. Similarly, Qantas Airline is likely to suffer from the consequences of economic recession. HWMq\~U. <>/Metadata 362 0 R/ViewerPreferences 363 0 R>> Our sports and arts sponsorships are focused on supporting elite Australian talent and helping our national teams excel in global competitions. Board & Committee Charters - Crown Resorts Corporate Governance Board & Committee Charters View our charters. Policies Policies Find the information you need to service your customers with ease. SHOW MORE The global nature of our business means that we interact with government and their agencies across the regions and countries in which we operate. The Handbook is one of a number of tools and resources available to staff at UQ designed to encourage the development of policies and procedures that are clear, effective and appropriate. March 17, 2020 . To find out more about our diversity strategy and key focus areas, Nominations Committee: Richard Goyder (Chair), Jacqueline Hey, Belinda Hutchinson and Antony Tyler. Qantas is committed to respecting all internationally recognised human rights, as well as complying with national and certain international laws, we voluntarily commit to uphold the standards of theUN Guiding Principles on Business and Human Rights (UNGPs)Opens external site in a new window. 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. Opens in new window. It is the intention of the Qantas Group to require employees to be vaccinated against COVID-19 and this is being explored in all our international locations. 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. In line with the UNGPs, we engaged expert advisory consultants to lead the refresh of our salient human rights issues. We define delivering today as holding ourselves to the highest standards in everything we do - and giving others the opportunity to evaluate our performance based on robust, publicly-available information. "We're seeing them occur across multiple weeks, and ultimately that's where things start to increase in operational complexity. Simulation Technique (Monte Carlo Analysis). 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. The role of CEO of Qantas Domestic and [] Read more The Whistleblower Policy [PDF]outlines the operation of the Qantas Whistleblower program including what qualifies as a Disclosable Matter, detail regarding how Qualifying Disclosures can be made, who qualifies as a Disclosing Person and who the Eligible Recipients for Qualifying Disclosures are. Our Group Financial Framework - introduced in 2015 - aligns our strategy and key performance metrics with long-term shareholder goals, enabling consistent, year-on-year comparisons. Secondly, the increasing the cost of maintain the company employees may increase because of the trade unions and employment agencies that calls for the protection of the workers rights(The Conversation , 2015). He recalls how, on some flights, he would work alongside staff from a UK Qantas subsidiary, a New Zealand Qantas subsidiary and legacy staff, on different pay and conditions. Volatility is part of the Qantas Group's everyday operating environment, whether it's in the prices we pay for fuel, business and consumer confidence levels, weather patterns across our global network, or broader geopolitical events. 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. 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. Responsible investment Our wealth businesses have Responsible Investment Policies 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. On the other hand, it could suggest that skill and experience, an important layer of defence, has been eroded. We hold ourselves to high standards in everything we do and give others the information to evaluate our performance. The national carrier has a proud history of stepping up in times of crisis and the Group will continue to work closely with the Federal Government to provide repatriation flights, support export industries, share medical aid with our neighbours. 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. Prior to joining Qantas Group in May 2002, Lesley held senior executive roles at both Ansett and Air New Zealand. Supplier Requirements. Andrew was previously the founder and Managing Director of a large public affairs firm that was acquired by the Ogilvy Group in 2001. Commercial experience with contract management It is intended to ensure a consistent approach to risk management throughout the university. Qantas's early rally lost steam and closed 0.3 per cent lower at $6.515. click here. The airline announced on . Book and Service View policies and guidelines Fares and Ticketing View policies and guidelines Changes, Reissues and Refunds View policies and guidelines Ticket Taxes, Fees and Charges View policies and guidelines Specific Needs View policies and guidelines Our anti-bribery and corruption risk assessment program is being progressively launched across our business. Now, the first thing we do is have a look at what work is up to its time limit and has to be done, so the plane can fly the next day.". His work experience covers both full service and low cost carriers. Objectives The revised Risk Management Policy forms an integral part of the internal control and corporate governance framework of Bharat Forge Ltd. Safety and Health Policy; and 10. View the highlights from the latest and previous Full Year Results announcements. Our people are back at work, millions of customers are safely flying across Australia and around the world, and weve made significant progress on our three-year recovery program. We continually review the criteria we use to identify and assess supplier risk to ensure our methodology is reflective of the shifting global environment. We aim to foster a workplace where people respect and tolerate the rights and differences of others. The Qantas Group is announcing changes to its Group Management Committee, as the national carrier moves into a new phase of growth and renewal. He started this role in March 2015. 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. 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 Group acknowledges the complexity of immigration issues and respects that there are various views in the community and amongst shareholders about Australias immigration policy. During the pandemic we made tough but necessary decisions to ensure that we survived and could recover quickly. 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. 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. 4 0 obj BLUE STAR'S RISK MANAGEMENT FRAMEWORK The Company has adopted the Committee of Sponsoring Organizations of the Treadway Commission If you don't comply with what we want, we'll find someone else that will.". 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. He has been involved in start-ups, mergers, acquisitions and major change programs. We aim to build a diverse, inclusive and resilient culture to maximise engagement and performance, and remain an employer of choice in Australia. 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. Group Finance Policy; 7. "I considered it to be one of the greatest privileges that anyone could have. And, above all, achieve the highest standards of safety and integrity. In addition to her current responsibilities, Lesley has played an active role within Qantas Group in talent development and inclusion and diversity. "Bags aren't making aircraft on time. The Qantas Group beliefs anchor our internal priorities and initiatives, including investment in training, effective communication, rewards and recognition, and commitment to diversity and inclusion. Alan Joyce says it's "not good enough" thatQantas customers have been been dealing with flight delays, cancellations and lost baggage over the past few months. On 1 May, Qantas announced changes to its executive team that will take effect on 1 October 2019. 3 0 obj The risk management system is based on a structured and systemic process which takes into We recognise human-induced climate change is a significant issue for the aviation industry. Vanessa has a Bachelor of Business and was admitted as a Member of the Institute of Chartered Accountants in 1994. |}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 Qantas operates within a Security Management System, a systematic approach to managing security, including the necessary organisational structures, accountabilities, policies and procedures. Third, any lucrative business will attract new competitors. Jetstar's community initiatives include Star Kids, which raises funds for World Vision, and Flying Start, which offers grants for charitable initiatives. The Group's executive management team is the Group Management Committee (GMC). Learn more aboutInclusion and Diversity. He is a member of the Institute of Chartered Accountants in England and Wales. Since operationalising our Supply Chain Assurance program weve continued to assess how we interpret and respond to risk. Definitions 1) Life insurance and pension programs are primarily managed by HR and Group Compensation & Benefits. We do this by implementing an effective risk management framework that is embedded in the Bank's processes and culture. The Civil Aviation Safety Authority has endorsed multiple safety and risk management systems at Qantas, and no-one is suggesting there is currently any systemic risk. Finally, the global financial and economic crisis affects all companies undertaking the international business(Robertson, 2016). . The costs being used for normal business operations may exceed the capital making it difficult for the company to progress. You are . I am the airline's first responder. With a focus on continuous improvement, the Group is seeking to build on our established compliance program by investing in technological platforms that will support our management of business risks and meet the growing expectations of regulators worldwide.