Corporate Governance Charter
Whilst AWTA Ltd is not a listed company, where applicable to its structure, it follows the ASX’s Corporate Governance Principles and Recommendations.
The Board is responsible for the overall corporate governance of the Company, including its strategic direction, major policies and financial objectives. The Board has adopted a Charter that delineates its role and the role of individual Directors. The Corporate Governance Charter and Guide for Directors and Officers is publicly available on the Company’s website.
Corporate Conduct & Ethics
The Company recognises that it is vital to it is continuing success that its staff maintain the highest possible reputation for technical expertise, commercial efficiency, impartiality, independence, equal opportunity and professional integrity. To ensure that they are aware of the ethical framework in which they are required to work, each staff employee is required to read and sign the Company’s Corporate Conduct & Ethics Policy. This policy sets broad guidelines for conduct and reflects AWTA Ltd’s corporate “conscience” by promoting the highest levels of behaviour.
Corporate Objectives
Customer service is a central facet of AWTA Ltd’s management culture. While this is described in detail in the Company’s Mission, Vision and Values statement, it is more succinctly described by the Company’s Corporate Objectives, namely:
- To maintain a national and international reputation for technical expertise, commercial independence and professional integrity.
- To provide accurate, impartial and efficient sampling, testing, data processing and certification services as required by the wool, other fibre and textile industries at a minimum cost.
- To enhance the profitability of the Australian Wool Industry by encouraging the optimum application of objective measurement.
Climate Reporting
As a responsible corporate citizen, we are committed to taking measures to mitigate climate risks. We need to reduce our impact on the climate by reducing our absolute greenhouse gas emissions and by promoting sustainable business practices.
AWTA Climate Statement
AWTA understands the role that climate change is having, and will continue to have, on our businesses and those of our major clients in the Australian and New Zealand wool and agricultural industries.
As a responsible corporate citizen, we are committed to taking measures to mitigate climate risks. We need to reduce our impact on the climate by reducing our absolute greenhouse gas emissions and by promoting sustainable business practices.
To do this, AWTA will implement the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). AWTA’s climate-related reporting will evolve as climate and sustainability regulations change.
Our interim climate goal is to reach a 30% reduction in Scope 1 and Scope 2 Emissions from our operations by 2030, which is in line with international objectives of limiting global warming to 1.5°C.
The strategies and actions required to achieve this climate goal will be directed and monitored by the AWTA Board, and actioned by each AWTA Division, led by the CEO, in line with the AWTA Climate Change Policy and Climate Action Plans.
Regular reports on progress will be available to all key stakeholders.