Corporate Report for the year ended 30 June 2022
Introduction and overview
Business performance
Governance and risk
Directors’ report
Remuneration report
Financial statements
Sustainability supplement
Security holder information
SASB
Disclosure
Location or response
SASB Sector: Infrastructure—engineering and construction services Topic: Environmental impacts of project development IF-EN-160a.1 Number of incidents of non-compliance with environmental permits, standards, and regulations
No significant non-compliance, fines or non-monetary sanctions in FY22. Many of Transurban’s asset operating requirements have environmental regulations with performance targets, where Transurban must notify regulators of any incidents or exceedances, but no regulatory action is taken if Transurban reports and responds to the issue and there is no significant impact. Transurban’s major projects complete a public Environmental Impact Statement /assessment in the planning phase, which informs environmental management processes during development to address key risks that vary on individual projects depending on location, project type and local stakeholder needs. These processes are documented on each project’s public website. Refer to FY22 Corporate Report/Project updates, for more details. Transurban’s major projects are also independently assessed using the Infrastructure Sustainability Rating Tool in Australia, and the Envision rating tool in North America. These rating tools assess performance and improvements beyond industry standard environmental management practices, and Transurban sets contractually-required targets for major project contractors to achieve. Refer to FY22 Corporate Report/Business partners and suppliers for more details. Transurban infrastructure is built by contractors that have responsibility within their contract for a defects and liability period after completion to resolve issues. Transurban may incur initial costs to rectify defects to ensure the safety of the assets, but where possible may seek to recover those costs from its contractors if covered by these liability periods or pursuant to contractual rights.
IF-EN-160a.2 Discussion of processes to assess and manage environmental risks associated with project design, siting, and construction
Topic: Structural integrity and safety IF-EN-250a.1 Amount of defect- and safety-related rework costs
IF-EN-250a.2 Total amount of monetary losses as a result of legal proceedings associated with defect- and safety- related incidents Topic: Workforce health and safety IF-EN-320a.1 (1) Total recordable incident rate (TRIR) and (2) fatality rate for (a) direct employees and (b) contract employees
None
Employee injuries: 0 recordable injuries. Contractor RIFR: 3.09 recordable injuries per million work hours. No employee or contractor fatalities. Refer to FY22 Corporate Report/Our people, for details.
(Transurban uses the metric “Recordable Injury Frequency Rate” (RIFR) which is recordable injuries per million work hours. SASB’s TRIR metric is recordable injuries per 200,000 work hours, making them directly convertible by a factor of five.)
Topic: Lifecycle impacts of buildings and infrastructure IF-EN-410a.1 Number of (1) commissioned projects certified to a
FY22 Corporate Report/Project updates Transurban uses the Infrastructure Sustainability Rating or Envision Sustainability Rating on our major projects:
third-party multi-attribute sustainability standard and (2) active projects seeking such certification
• 8 projects with Sustainability Ratings certified • 4 projects with Sustainability Ratings in progress.
IF-EN-410a.2 Discussion of process to incorporate operational- phase energy and water efficiency considerations into project planning and design
The Infrastructure Sustainability Rating and Envision Sustainability Rating both include energy and water efficiency standards which require improvement of the initial “base case” project design to show measurable energy and water savings. Achieving and measuring these efficiencies contributes to each project being able to meet its contractually required sustainability rating target. Refer to FY22 Corporate Report/Business partners and suppliers, for details and other processes in place.
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