Governance and risk
Key risks – Opportunities and threats 1
Up Down Neutral
Opportunity
Trend Change in opportunity within FY24
Example management responses
Sustainability initiatives to enhance road user and community experience Opportunity to further pursue sustainability projects which enhance social and environmental outcomes for communities and social licence credentials.
Continued focus on sustainability opportunities and associated technologies.
• Customer Hardship Program and Financial Inclusion Action Plan • Transurban Road Safety Centre at Neuroscience Research Australia (NeuRA) research programs • Support for vehicle safety initiatives, such as the child car seat checks with KidSafe Australia and Safe Kids Worldwide in North America • Membership with Social Traders to identify opportunities to increase direct and indirect spend with certified social enterprises • Infrastructure Sustainability ratings for road assets • Research and pilots of new technologies to reduce environmental impacts of construction materials, as well as other initiatives to move toward carbon neutrality • Sustainability strategy tailored to Transurban’s operating context, aligned to the relevant UN Sustainable Development Goals • Sustainable procurement program which seeks to actively reduce the risk of modern slavery in our supply chain • Climate change focus including reviews of supply chain • Development of opportunities to reduce carbon footprint, such as PPA, lighting and ventilation projects • CAVs research and testing • Stakeholder engagement • Operating Model Project Team • Transurban Leadership Forum and adaptive change education • Strategic Development Groups
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Operating model improvements Operating model changes, combined with the structural and non-structural changes to the way we do business, presents an opportunity to simplify the way we work, creating capacity for growth and long-term sustainable value for all our stakeholders.
1 Transurban’s exposure to financial risks and the policies we have in place for managing that risk can be found in the Derivatives and Financial Risk Management notes – see Note B14. This section discusses our hedging policies, credit risk, interest rate risk and liquidity and funding policies. Transurban considers the impacts of climate change as a potential contributing factor to many of our threats and opportunities. For more information on our climate change management strategies and our consideration of transition and physical risks refer to climate change risk management on pages 38–47 of this report
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