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
Thank you for reading Transurban’s FY22 Corporate Report. These pages explain both the structure of this report and our approach to integrating the United Nations Sustainable Development Goals (UN SDGs) into the reporting frameworks that guide us. About this report
Scope and content Our FY22 Corporate Report provides an overview of Transurban’s operations and performance during the financial year (1 July 2021 to 30 June 2022). The report covers our financial and non-financial performance and details how we create value for our six key stakeholder groups: • investors • customers • communities • our people • business partners and suppliers • government and industry. Integrated approach Our reporting approach is guided by two initiatives that drive integrated, accessible, measurable, and comparable reporting: • Global Reporting Initiative (GRI) that establishes standardised sustainability impact reporting across industries and sectors • International Integrated Reporting Framework (IIRF) that provides a clear, concise and comparable format for integrated reporting across strategy, governance, performance and prospects. This report is also informed by recommendations from: the Task Force on Climate-related Financial Disclosures (TCFD); the Sustainability Accounting Standards Board (SASB); and the UN SDGs.
Our approach to sustainability This year, we have integrated some of our Sustainability Supplement into this report. This approach provides additional information on our non-financial performance, including environmental, social and governance (ESG), and progress in achieving our Sustainability Strategy. Transurban’s Sustainability Strategy— centred around four pillars (people, planet, places and partnerships)—is aligned with the UN SGDs most relevant to us and our stakeholders, and is supported by objectives, targets and indicators. This strategy guides us in identifying, understanding and responding to social and environmental issues in support of Transurban’s purpose —to strengthen communities through transport. Our strategy helps us create real and lasting benefits for all our stakeholders. Responsibility for this strategy and its associated work program is embedded right across our business. Our specialist Sustainability team drives this process, including by providing strategic advice and reporting on progress, trends and emerging themes to our Board and Executive Committee. A standalone response to the TCFD and detailed sustainability data tables are available in our Insights Hub, insights.transurban.com
Compliance statement Our FY22 Corporate Report includes key disclosures under Australian legislation. Our Directors’ Report page 91 and Financial Statements page 120 have been prepared in accordance with the Corporations Act 2001 (Cth). Our Financial Statements have also been prepared in accordance with Australian Accounting Standards. The basis of preparation of our Financial Statements is provided on page 129. PricewaterhouseCoopers has conducted an independent audit of the Financial Statements and Remuneration Report. Auditor’s Independence Declaration is available on page 119. Detailed information on the audit is available on pages 21 6 to 225. The sustainability data methodology used in this report is available in the Sustainability Supplement section of this report, including a KPMG-issued limited assurance statement on page 239. Select non-financial data points within this report are estimates, informed by part-year data and previous-year trend analysis. The remaining information in this report has been reviewed internally. This report contains certain forward- looking statements. See page 245 for a notice regarding these statements.
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