Our reporting approach
Our transparent and open source approach to reporting and disclosure of material information.
The Qantas Group is committed to transparent reporting to demonstrate how we're creating shareholder value, delivering on our strategy, laying foundations for long-term sustainability and making a positive impact in the communities we serve.
We take an open source approach to the disclosure of material information, leveraging this Qantas Group Site as a single source of publicly available policies, procedures, initiatives and performance indicators across our material issues. Read a summary of our latest key performance indicators.
In disclosing our financial and non-financial performance, we comply fully with ASIC regulations, ASX rules and broader global reporting standards. Our Group Financial Framework aligns our strategy and key performance metrics with long-term shareholder goals, enabling consistent, year-on-year comparisons. We report our progress against the framework goals through half-year and full-year results announcements, quarterly trading updates, our Annual Report, our Annual General Meeting, Investor Days, other ad hoc investor presentations and this Qantas Group Site.
Commitment to disclosure
The Qantas Group's commitment to strong corporate governance is reflected in the following documents:
Further information about the Qantas Group’s Corporate Governance including ASX announcements, shareholder information and annual reports is available in the Investor CentreOpens external site in a new window.
In line with best practice, we undertake an annual materiality assessment to validate the issues most relevant to our stakeholders — including investors, aircraft and engine manufacturers, airline and industry peak bodies, peers, government agencies, non-government organisations and employee and customer representatives.
We're committed to working with external organisations and initiatives that promote transparent reporting of financial and non-financial metrics in the public interest. A key test is whether participating in these external initiatives complements and extends our own reporting in a meaningful way.
- UN Global Compact – We have committed to implement the UN Global Compact’s ten principles on human rights, labour, environment and anti-corruption, and to make the Global Compact part of our strategy, governance frameworks and culture. We’re also seeking to align our reporting with broader global initiatives on responsible business, including the Sustainable Development Goals.
- Australian Government Tax Transparency Code – In 2016, the Qantas Group became one of the first companies to join the Australian Government’s Tax Transparency initiative. This participation reflects our belief in a strong, transparent Australian tax system and an open public discussion on tax policy.
- Taskforce on Climate-related Financial Disclosures (TCFD) – In 2017, the Qantas Group committed to aligning our climate change-related disclosures to the TCFD recommendations. For FY20, we prepared a table summarising how the Qantas Group aligns to the TCFD recommendations (PDF). Despite the impacts of COVID-19, the Group remains committed to transparent disclosure and addressing climate transition and physical risks, with further progress planned for FY22.
- Sustainability benchmarking – Qantas conducts regular benchmarking through independent investor perception studies. Qantas uses Sustainalytics as an annual assessment of disclosure and performance across environmental, social and governance factors.
- Climate Action 100+Opens external site in a new window (CA100+) – From January 2021, Qantas Group’s publicly disclosed information has been assessed in alignment the goals from CA100+, which is an investor-led initiative to ensuring corporates take necessary action on climate change.
Our reporting strategy which focuses on direct disclosures to shareholders is prepared in a consistent manner with the guiding principles that underpin integrated reporting rather than the adoption of a prescriptive integrated reporting framework. The general principles of integrated reporting, as outlined by the International Integrated Reporting Council, which inform the content of the report and how information is presented includes strategic focus and future orientation, connectivity of information, stakeholder relationships, materiality, conciseness, reliability and completeness, consistency and comparability.