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. Therefore, job security is absolutely paramount, and pilots cherish their job security. 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 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. 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. Qantas provide an opportunity for the maximum number of shareholders to attend an Annual General Meeting (AGM). Two words showed something was wrong with the system, After centuries of Murdaugh rule in the Deep South, the family's power ends with a life sentence for murder, With Prince Andrew's sweetheart mansion rental ending, King Charles offers compromise that shocks his son, Flooding in southern Malaysia forces 40,000 people to flee homes. The S&P/ASX 200 Index (ASX: XJO) airline stock closed yesterday trading for $6.28 per share. "We're seeing them occur across multiple weeks, and ultimately that's where things start to increase in operational complexity. 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. SHOW MORE CDP website. The Board Charter is reviewed annually by the Board, with the last review conducted and amendments approved on 24 August 2022. How to make a disclosure under the Whistleblower Policy. The findings showed Qantas had similar instances to the national workplace averages but we want the Qantas Group to be significantly better than this. March 17, 2020 . We hold ourselves to high standards in everything we do and give others the information to evaluate our performance. Our approach to risk management starts with our first priority: the safety of our customers and people. 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. A summary of indicators can be found hereOpens in new window Group Finance Policy; 7. Learn more about our Supply Chain Assurance Program (PDF). 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. 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. 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. The Board has overall responsibility for the governance of risks. Qantas has an enviable safety record, consistently ranked as either the safest airline in the world or not far from it. Opens in new window, To read our Supplier Requirements and find out more about our supply chain, Opens in a new window %PDF-1.6 % If we identify material risks, we will work with suppliers to remove the risks where possible, and otherwise to substantially mitigate them. Prior to March 2010, Mr Evans roles with Qantas covered many areas including a number of senior financial roles within the Group, commercial and business analytics and the implementation of major business change initiatives; scheduling of the international and domestic network, ticket pricing, revenue management and airline operations on the day; as well as readiness activities for the arrival of the Airbus A380. Watch Four Corners' full investigation into the chaos inside Qantas tonight at 8:30 on ABC TV and ABC iview. hb```a``f`e`.Ugb@ !+sLt``0\)1`K%A , OH8H#?Dl'7Np`2fr@S)A4)Ah3S[+.w`gL\Nf 2 ^! 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. Andrew Finch joined the Qantas Group in 2012 and is the Qantas Groups General Counsel and Group Executive, Office of the CEO (being the Groups central assurance functions of safety, security and internal audit). %PDF-1.7 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. 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. "So, all four of those working together,side by side, pushing carts, handing out meals on one plane.". We're playing an active role in setting and meeting these ambitious targets, and were guided by a simple philosophy: measure, reduce, offset and influence. 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. The Group undertook our first climate scenario analysis in 2019 in line with the recommendations of the TCFD. We continue to learn through collaboration and shared experiences to make the system better. His work experience covers both full service and low cost carriers. Jetstar's community initiatives include Star Kids, which raises funds for World Vision, and Flying Start, which offers grants for charitable initiatives. He has been involved in start-ups, mergers, acquisitions and major change programs. The Qantas Group announced its Chairman succession on 28 June 2018. Prior to joining the Qantas Group in 1999, Mr Evans held a number of corporate finance roles with Caltex Australia and KPMG in Australia and the UK. Reconciliation Action Plan (RAP) <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> The Group reported a $1.43 billion Underlying Profit Before Tax and Statutory Profit After Tax was $1.0 billion. Management Committee and the Board of Directors, for the purpose of assessing the performance of the Qantas Group. 2017 Annual Review. Weve been serving communities for more than 100 years. I am the airline's first responder. Opens in a new window 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 Qantas Group works with partners to make a positive impact in the community, address disadvantage and extend opportunity. Nearly every student wishes to succeed in his or her future career, and it is inseparably linked to your competence in research paper writing. 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". 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.". Across our workforce, we maintain an 'informed culture' of safety and security. 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 As part of our wide-ranging contract with the Australian Government, the Group maintains an open dialogue on a number of issues that directly impact our business, including in relation to human rights. Com , 2016). )urWubOrG@jSaGL3TQVQd; zt LR*E%p5s0"{a6z ,6(}`uh9!>_F#>U jyYdQ'n'TR6E]Mh"R(g&KLytK)i[yjMi%\RoJERtpzMnin7}xgeI: /&'!GmU0yDfT2!E'rP[V&HMs`%P,R!N&32&i>&B*E* 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. 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. :`lw 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. "I don't work for a tea and coffee company. 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. In summary, the changes are: Andrew David, who is CEO of Qantas Domestic and International, will retire from the Group in September 2023. $75,000-$85,000 USD. 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). k_'J+BpphOjtH`w=KBfvFl'`' m8d 4=lY1843VW\%zHg^@{yKwco4`PYd9_ The Risk Management Policy serves as a statement of the overall UNCG risk management goals and focus. click here. Risks are potentialities, and in a project management context, if they become realities, they then become classified as "issues" that must be addressed with a risk response plan. The Qantas Group has paid all taxes that it owes and all tax compliance obligations are up to date. Gattinoni Business Travel expands footprint following acquisition. . 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. 1 0 obj For example, the Qantas Airline may end reducing its business international operations. 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. Our commitment to strengthening business resilience and fostering a risk aware culture creates the foundation for sustainable performance and adaptability to respond to shifting market conditions. As Qantas was betting, the resulting economic damage led the government to intervene and send the dispute to arbitration before the Fair Work Commission, which threw out job security claims being pursued by unions and employees. 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. 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. Likewise, the existing competitors are likely to intensify their competition to either increase their market share of maintain their competitor advantage. FY23 Preliminary Final results announcement. Its constant refrain is that it does what it needs to do to meet its business objectives, compete in a tough market, and remain viable. 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. Investors have been selling this fund manager's shares following the release of a disappointing half-year . Cyber Security Policy; 5. Tino has significant experience in the Transport industry in both Commercial and Financial roles having worked for a number of Airlines. A risk is anything that could potentially impact your project's timeline, performance or budget. Our commitment is reflected in ourCode of Conduct and Ethics[PDF],Human Rights Policy Statement[PDF]and ourModern Slavery Statement[PDF]. The Company's risk management policy provides the framework to manage the risks associated with its activities. He is a member of the Institute of Chartered Accountants in England and Wales. Group CFO 4. The system integrates the management of risks associated with aviation operational safety; workplace health and safety (WHS); aviation and cyber security; privacy and data governance; environment (including climate change); and business resilience. . 2. The airline announced on . 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 The Qantas Group adopts a proactive approach to enable identification, evaluation and effective management of the risks and opportunities that arise. The Board endorses each of the Australian Securities Exchange (ASX) Corporate Governance Council's Corporate Governance Principles and Recommendations(ASX Principles). Opens in new window. <> He has also been a press secretary and senior political adviser to various Australian political leaders and Ministers and worked as a journalist in newspapers and television in Australia, the US and UK. 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. We are red-lining, running at max capacity in a very dynamic, challenging environment. Implementing human trafficking training for our aircrew to support identification of, and responses to, suspected instances of trafficking. 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). Naren Kumar was appointed Acting CEO of Qantas International in April 2019. Especially the staff that we deal with on a day-to-day basis around aeroplanes, ground staff, check-in staff. He is careful not to overstate safety concerns but acknowledges risks have grown. Annual reports The Annual Report contains key financial information about Qantas, as well as important operating and corporate information. Opens in a new window Our Supplier Code of Conduct creates clear expectations for suppliers in respect of labour rights and working conditions. "We're working longer hours. 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. 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