Company Directory - Telstra Corporation Limited
Company Details - Telstra Corporation Limited
CCI Score
CCI Score: Telstra Corporation Limited
16.53
-0.02%
Latest Event
Telstra 2024 Sustainability Report Review
Telstra’s 2024 Bigger Picture Sustainability Report details comprehensive sustainability initiatives that promote ethical labor practices, transparent supply chain ethics, responsible technology use, and positive political engagement. The report contrasts with activities that might support authoritarian practices by emphasizing transparency, equity, and environmental responsibility.
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SABOTEUR
Telstra Corporation Limited is currently rated as a Saboteur.
Latest Events
- AUG312024
Telstra’s 2024 Bigger Picture Sustainability Report details comprehensive sustainability initiatives that promote ethical labor practices, transparent supply chain ethics, responsible technology use, and positive political engagement. The report contrasts with activities that might support authoritarian practices by emphasizing transparency, equity, and environmental responsibility.
+50
Public and Political Behavior
March 20
Under Public and Political Behavior, Telstra demonstrates a moderate but positive record of political engagement. Their sustainability report outlines participation in policy dialogues on climate and nature while avoiding support for authoritarian or fascist agendas. Their engagement is transparent and driven by social responsibility.
+75
Business Practices and Ethical Responsibility
March 20
For Business Practices and Ethical Responsibility, Telstra exhibits strong commitments to fair labor practices, inclusion, and ethical supply chain management. The report emphasizes robust employee engagement, respect for human rights, and sustainable supplier practices, all contributing to a positive social footprint.
+80
Technology and Services Impact
March 20
In the area of Technology and Services Impact, Telstra is using its advanced network and digital solutions to promote online safety, privacy, and digital inclusion. There is no indication that the company develops or supplies repressive technologies; instead, it focuses on empowering communities and safeguarding data.
+60
Economic and Structural Influence
March 20
Regarding Economic and Structural Influence, Telstra demonstrates engagement in sustainable economic practices and transparent collaboration with governmental and regulatory bodies. This proactive approach supports environmental and community benefits, reducing potential complicity in harmful economic practices.
- AUG132024
Telstra Corporation Limited released its 2024 Modern Slavery Act Statement, detailing extensive measures to mitigate modern slavery risks in its operations and supply chain. The statement outlines robust internal policies, comprehensive employee training, proactive supplier due diligence, regular audits, and effective grievance mechanisms that together illustrate a strong commitment to labor rights and ethical supply chain practices.
+80
Labor Relations and Human Rights Practices
March 20
Telstra’s approach to labor relations is comprehensive, featuring mandatory training, strict internal protocols, timely audits, and effective grievance procedures which enhance worker protection. Their clear policies on modern slavery, high training completion rates, and continuous engagement with affected workers underline a strong performance in upholding human rights practices.
+75
Supply Chain Ethics
March 20
Telstra has implemented an updated Supplier Governance Framework and robust due diligence processes, including risk-based audits and enhanced supplier engagement protocols. These efforts, reflected in detailed supplier assessments and corrective action plans, demonstrate proactive management of supply chain risks associated with modern slavery despite challenges in a complex global network.
- MAY212024
Telstra's announcement to cut up to 2,800 jobs as part of a cost-saving measure has been criticized for undermining worker security and violating principles of fair labor practices, affecting nearly 9% of its workforce.
-40
Labor Relations and Human Rights Practices
March 20
The decision to eliminate 2,800 positions, impacting a significant portion of Telstra's workforce, demonstrates a disregard for labor rights and worker welfare. This move, which has drawn criticism from labor unions, undermines fair labor practices and contributes to corporate policies that harm employee security, aligning with broader concerns about corporate complicity in authoritarian economic practices.
- SEP012023
An analysis based on The Australia Institute’s report on corporate political expenditure reveals that Telstra Corporation Limited scored only 17.1% in political contributions disclosure. This low level of transparency and oversight on political donations and lobbying activities raises concerns about the company’s potential complicity in enabling undue political influence and weakening democratic accountability.
-50
Public and Political Behavior
March 20
Telstra’s disclosed score of 17.1% in political expenditure transparency, as reported in the document, indicates a significant shortfall in disclosure and oversight on political contributions and lobbying activities. Such a low score reflects poor governance in public and political behavior, which may indirectly support authoritarian influences by allowing opaque political spending.
- AUG162023
Telstra's comprehensive Human Rights and Modern Slavery Act Statement for FY23 demonstrates robust efforts to uphold labor rights, prevent modern slavery in its supply chain, and institute thorough ethical business practices across their global operations.
+80
Business Practices and Ethical Responsibility
March 20
Telstra has implemented extensive measures to mitigate modern slavery risks and enhance labor rights across its operations and supply chain. The report details comprehensive internal policies, rigorous supplier due diligence, regular audits, proactive remediation efforts, and mandatory training programs. These actions reflect a strong commitment to business practices and ethical responsibility that align with anti-fascist principles by opposing systemic exploitation and harmful labor practices.
- JUN012021
Telstra has implemented robust practices to ensure sustainability and ethical standards among its suppliers, including enhanced due diligence, a revised Supplier Code of Conduct, and regular audits. These measures help mitigate supply chain risks and uphold labor and human rights, contributing positively against exploitative practices connected to authoritarian regimes.
+85
Supply Chain Ethics
June 1
Telstra’s updated Supplier Code of Conduct and comprehensive supplier governance framework, including Enhanced Due Diligence screening and onsite audits, demonstrate a strong commitment to ethical supply chain practices. This proactive approach minimizes risks of forced or compulsory labor and supports sustainable practices, aligning with international standards. By prioritizing supplier sustainability, Telstra sets a positive example for corporate responsibility and counters practices that could be complicit in endorsing authoritarian labor practices.
Case study: How Telstra promotes sustainability among its suppliers
- MAR132019
Telstra has been reported to have failed to disclose over $100,000 in payments to major political parties, raising serious concerns over its political contributions and potential influence on political processes. The lack of transparency in these donations has spurred calls for reform in Australia's electoral financing laws.
-50
Political Contributions and Lobbying Efforts
March 20
Telstra's failure to disclose over $100,000 in political donations to major political parties undermines transparency and accountability in political contributions. Such non-disclosure can facilitate undue corporate influence in politics, effectively bolstering the political power of established parties and potentially supporting authoritarian policies. This incident reflects negatively on the company's commitment to ethical political engagement.
Telstra's undeclared $100,000 in political donations spark reform call
- JUN012016
An ACCR report on corporate political expenditure in Australia highlights abysmal disclosure and accountability practices among ASX companies. Telstra, scoring only 10 on the ACCR disclosure metric for the ASX 20, shows significant opacity regarding its political contributions and lobbying efforts. This lack of transparency raises concerns of enabling corporate political influence that may indirectly support authoritarian outcomes.
-50
Public and Political Behavior
March 20
Telstra's disclosure score of 10 as reported by ACCR indicates extremely poor transparency and accountability in its political expenditure practices. This deficiency in oversight and shareholder engagement suggests that Telstra may be indirectly supporting a system where corporate political contributions are used to influence policy without adequate scrutiny, echoing concerns from anti‐fascist perspectives regarding the corrupting influence of unchecked corporate political power.
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