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
—Case study—
Understanding what matters to our stakeholders
In an increasingly interconnected global operating environment, it is more important than ever to understand and visualise the organisation’s risk landscape to ensure operational resilience. Monitoring emerging risks
We place a focus on monitoring national and global events to identify emerging threats to our business. We also implement early warning mechanisms to determine if threats are impacting on our business activities. Over the last 12 months, there has been significant global disruption associated with the impact of COVID-19 and geopolitical instability. These include global supply-chain shortages and resource shortages (see page 59). To understand the impact of these emerging threats, we applied risk visualisation. We use data analytics to
model potential global supply chain pressures and disruption scenarios. Through this analysis we identified that these threats could potentially impact multiple areas of our business. Undertaking visualisation of the interconnectivity of these risks against our business activities, we were able to identify several risk responses to reduce the threat pressure, such as sourcing alternative local suppliers to minimise the impact of supply chain shortages on the business.
Read more about global trends influencing our sector (page 22 )
Global risk pressures that have the potential to impact our business
Adverse weather
COVID-19 absenteeism
Geopolitical /economic megatrends
Third party insolvency
Supply chain shortages
Third party failure
Higher prices
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