Transurban FY18 Sustainability Report

FY18 Sustainability Report Transurban 49

Governance and benchmarking


Transurban’s corporate governance policies, the 2018 Corporate Governance Statement and our Annual Report are publicly available on our website. Ethical business practices Transurban has zero tolerance for breaches of its policies. Our people are expected to conduct themselves in a manner that reflects our values and Code of Conduct. Our Ethical Business Practices Policy defines expectations for all employees in relation to behaviour and reporting of any instances of fraud, conflicts of interest, bribery and corruption. All employees undertake mandatory Ethical Business Practices training. Our Whistleblower Policy provides protection to employees to report any breaches of Ethical Business Practices immediately to our independent and confidential whistleblower service. This service is available to our customers, suppliers, security holders and employees. Data privacy and security Our Privacy Policy explains how we collect, use and disclose customers’ personal information. We also maintain Payment Card Industry Data Security Standard (PCI DSS) compliance for our Australian operations, which sets out how we manage our customers’ credit information. We employ a Privacy Officer, who is responsible for monitoring compliance with privacy obligations. The Privacy Officer investigates privacy matters and incidents and, where relevant, reports to Transurban’s Audit and Risk Board Committee.

All employees complete annual mandatory training on our Privacy Policy and Information Security Policy and procedures to ensure we remain compliant with our obligations. Political function attendance Transurban participates in public policy debate on issues relevant to our business. Transurban policy does not permit direct political donations, but acknowledges that attendance at political events is a part of doing business. Accordingly, group policies permit payment for attending political functions to engage in such debate and discussion. Each year, Transurban discloses these payments in accordance with political disclosure obligations to the relevant state and federal authorities, including the Australian Electoral Commission (AEC) which releases the data publicly. Corporate tax profile We invest heavily in building, upgrading and acquiring road infrastructure. Significant up-front investment and debt costs mean Transurban can wait many years before a road delivers positive returns. This delay leads to accounting and tax losses. Our corporate structure enables the payment of distributions to investors while we are generating accounting and tax losses. The distributions are subject to tax in the hands of investors. The Australian Tax Office has categorised our main corporate entity, Transurban Holdings Limited, as a lower consequence taxpayer. We adopted the Australian Government’s voluntary Tax Transparency Code and published our most recent Tax Transparency Report in June 2018.

Material and other relevant UN Sustainable Development Goals for this chapter

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