Climate Change Data

Environmental Metrics

Social Achievements

• Strengthened management team with greater local expertise
• Record full year dividends of 11 cents

Governance Achievements

• Changes to the composition of our Board as part of the company’s ongoing Board renewal process

Climate Goals & Targets

Environmental Challenges

• FY2016 had contrasting half on half results. Costs related to the decision to restructure the business and other non-operating expenses of $2.8m were largely recognised in the first half.
• Decline in the value of sterling compared to the Australian dollar caused by Brexit
• Project delays and deferred client spending in the UK, Australia and Asia

Mitigation Strategies

• Group’s reorganisation has been very well received by our clients and as a result of these changes we are a leaner and more streamlined organisation and well positioned for the future
• Introduced a new operating model to focus more effectively on our clients
• Increased investment in software development to enhance our technology for our clients

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Social Achievements

• Restructured into three regional divisions (Australia, UK, Rest of the World) to better focus on clients.
• Launched GBST ComposerWeb, providing browser and mobile access to account, transaction, and portfolio information.

Climate Goals & Targets

Environmental Challenges

• Project delays and deferred spending related to major projects in the UK.
• Decline in the British pound against the Australian dollar impacting revenue.
• Highly competitive market and lower trading volumes in Australian Capital Markets.

Mitigation Strategies

• Tight cost control across all areas of the business, reducing operating costs.
• Restructuring of the Group's institutional business improved performance.
• Focus on developing both direct and indirect sales models in North America.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Environmental Challenges

• Industry disruption and product irrelevance due to rapid technological change.
• Failure to successfully execute the Strategic R&D Program.
• Project delivery and execution failures.
• High cost of regulatory compliance.
• Resource management challenges due to variable customer demand.
• Key person reliance.
• Information security breaches.
• Customer concentration risk.

Mitigation Strategies

• Ongoing research and development investment.
• Governance and oversight processes to monitor the Strategic R&D Program.
• Full-time Project Management Office and PRINCE2 methodology.
• Close monitoring of regulatory developments and engagement with regulatory bodies.
• Improved systems and processes for resource planning and utilization, Enterprise Agile methodologies.
• Succession planning, shared resources, retention schemes.
• Company-wide education, training, regular audits, active management of software currency.
• Diversification of income, long-term contracts, ongoing investment in R&D.

Supply Chain Management

Climate-Related Risks & Opportunities