Welcome
The 2016–17 Integrated Annual and Sustainability Report communicates our operational, financial and business performance for the financial year ended 30 June 2017. It highlights our role, the services we provide and how we have created value in line with our Aspiration "to provide world class outcomes for the customer through a safe, reliable and sustainable road-based transport system".
This year we have once again committed to produce an online only annual report, minimising the impact on the environment and the cost of producing a printed version. We believe enhancing our information through up-to-date online content, and reports of our achievements across the past 12 months, will aid understanding of our activities and achievements.
Reporting Frameworks
In preparing this report we have moved towards adopting the International Integrated Reporting Council (IIRC) Framework. Other reporting frameworks applied, included:
- Global Reporting Initiative (GRI) G4 “Core” guidelines which adhere to the GRI principles of stakeholder inclusiveness, materiality, completeness and context
- Financial Management Act 2006 (WA) and Treasurer’s Instructions – Western Australia
- Financial statements that comply with Australian Accounting Standards.
Reporting Journey
In recent years we have further considered how to represent the value created by our activities, and this year’s report is our first attempt to more formally adopt the principles outlined in the IIRC Framework. Integrated reporting promotes a more cohesive approach to corporate reporting by explaining how we create value over time. The intention is to show the benefits to all stakeholders including employees, customers, suppliers, business partners, local communities, legislators and policymakers. The aim is to look at value creation in the short, medium and long term and consider the six capitals identified in the framework and how they interact with each other and the impact on our internal and external environments.
With respect to our GRI reporting, we will move from GRI G4 to the GRI Standard over the coming 12 months. In the next few years we aim to develop our disclosure to "Comprehensive" level and have already commenced reporting against some indicators included at this level. This is part of our continuing commitment to GRI which provides the world’s most widely used standards on sustainability reporting and disclosure.
Whilst we are only at the beginning of this journey, we believe that adopting these standards and frameworks will enable businesses, governments, society and our community to make better decisions based on information that matters.
Comments and Feedback
Comments or feedback on the approach that we have adopted or any element of the annual report would be most welcome. Click here to contact us.
Statement of Compliance
To the Honourable Rita Saffioti, MLA
Minister for Transport; Planning; Lands
In accordance with section 63 of the Financial Management Act 2006 (WA), I hereby submit for your information and presentation to Parliament, the Annual Report of Main Roads Western Australia for the financial year ended 30 June 2017.
The Annual Report has been prepared in accordance with the provisions of the Financial Management Act and any other relevant written law.
Peter Woronzow | Richard Sellers |
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Acting Managing Director of Main Roads | Commissioner of Main Roads |
17 August 2017 | 17 August 2017 |