2022 Publications Performance
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Monash Research Outputs: 169
Mean Field Weighted Citation Impact (FWCI): 1.48
3 Year Rolling Mean FWCI: 2.15
Centre for Quantitative Finance
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Established within the Faculty of Science, the Centre for Quantitative Finance and Investment Strategies develops and shares research and practice guidance on quantitative finance and investment strategies. Its target audience ranges from academic researchers to industry practitioners. The Centre’s research focuses on Financial Mathematics, Interdisciplinary Research and Digitalization of the Banking Sector and is supported by cutting edge tools of stochastic control, theoretical and empirical asset pricing, financial econometrics, machine learning and data science.
Measuring the Impact of Higher Temperatures on Workplace Injury Risk
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Research from the Centre for Health Economics (CHE) in Monash Business School using data from WorkSafe Victoria shows that high outdoor temperatures increase workplace injuries and accidents. Manual workers – particularly those in outdoor industries where avoiding the heat is not possible – are most at risk. The study used over two million claims submitted to Victoria’s mandatory workers’ compensation scheme from 1985 to 2020 to measure the occurrence of workplace injuries. CHE researchers found that higher temperatures generate significantly more claims. Manual workers are disproportionately affected by heat across the 35-year period, particularly in outdoor-based industries. The study also shows that heat increases claims from various accident types and injuries.
Other SDGs:
Participatory Research and Ownership with Technology, Information and Change II
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PROTIC II is a collaboration between the Faculty of Information Technology and OXFAM. It is the second phase of PROTIC – a five-year international development project that was dedicated to empowering rural women in Bangladesh. One element of this initiative was supporting rural women through the use of mobile devices.
In 2022 PROTIC2 researchers moved from a focus on short term research interventions (necessitated by the COVID-19 pandemic) to the co-development of distinct projects with three marginalised occupational groups in Bangladesh: fisher men and women, domestic workers and tea-garden workers. Research is investigating the use of digital technologies to empower these communities.
Other SDGs:
Modern Slavery Disclosure Scoring Framework
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The Modern Slavery Research Program in the Monash Centre for Financial Studies (MCFS) measures the disclosure quality of companies required to report on risks to modern slavery in their operations and supply chains. Researchers developed the Modern Slavery Disclosure Scoring Framework as a benchmark for evaluating the statements submitted by Australian Securities Exchange companies under the requirements under the Modern Slavery Act.
Work conducted by MCFS in 2021 had exposed “wide disparities in the quality and disclosure levels of modern slavery statements” among major companies listed on the ASX, with only six ASX300 companies demonstrating best practice. In October 2022 the findings of the second year of the program were released, evaluating statements by ASX100 companies on the ABF Modern Slavery Statements Register to June 2022. The research noted encouraging improvement in the quality of disclosure, and recommended three key ideas to further improve the risk reporting and disclosure: “the importance of a supplier risk assessment system, understanding their relationship to risk, and centring the remediation process on the risks to victims, not just businesses”.
MCFS has an extensive record of engagement with companies and investors on improving modern slavery disclosure. Investors have used the modern slavery disclosure assessment of ASX companies as part of their ESG risk assessment of portfolio companies. Contributions by MCFS have also been acknowledged by several companies in their modern slavery reporting statements.
Other SDGs:
Unit Statistics and Highlights
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In 2022, Monash offered 103 units directly related to SDG8 with 6,759 total enrolments.
The units highlighted below are a small sample of the units at Monash relating to decent work and economic growth:
From Ride Share to Ride Fair: Risk and Regulation in the Modern Workplace
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Understanding the regulation that applies to modern workplaces equips managers, decision-makers and board members to address statutory duties and exposure to personal liability, including in work health and safety, whistleblowing and labour law.
Through unit BTF5115 From Ride Share to Ride Fair, the Monash Business School introduces students to the regulation that applies in modern workplaces and examines compliance, ethical and risk challenges that commonly arise. Industry experts provide commentary and insights; real-world case studies are used to illustrate the practical, strategic and ethical implications that commonly arise from the regulatory concepts discussed; and novel regulatory innovations, designed to respond to the rapidly changing world of work, are critically explored.
Digital Society: Engaging with the World
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Digital disruption is one of the most pressing challenges confronting contemporary societies, forcing societies and governments to develop different policies, strategies and frameworks to accommodate innovations while attempting to preserve values and social inclusion.
The Faculty of Education unit AMU3580 Digital Society: Engaging with the World brings together digital literacy skills and academic analysis of the impacts of digital media to examine the implications of networked communication, exploring the approaches taken, initiatives attempted and strategies developed by nations, corporations and professional associations to maintain sustainable communities in a rapidly changing digital society.
Pathways to Future Proof the Australian Textiles and Fashion Industry
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In 2022 Monash Sustainable Development Institute (MSDI) published “A transitions report for Australia: Pathways to future proof the Australian textiles and fashion industry”, consolidating four years of learnings and stakeholder engagement on the context, challenges and pathways for achieving a circular textile economy. The report provides seven cohesive pathways for transitioning the textiles industry towards sustainability, with priorities for impact, solutions and a map to implement those ideas. The report’s expertise has generated positive feedback from government, and local and international fashion industry representatives, and provided MSDI with an invitation to contribute leadership momentum within the diverse national fashion and textile network. The next step calls for formalising an action network for collaboration.
Other SDGs:
The State of Sustainability in the Malaysian Private Sector Roundtable
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Jointly organised by Monash University Malaysia and the UN Global Compact Network Malaysia & Brunei (UNGCMYB), the State of Sustainability in the Malaysian Private Sector Roundtable was held to discuss the findings of the Malaysia Businesses Sustainability Pulse Report 2022. The roundtable was attended by participants from Bursa Malaysia, Matrade, MDeC, HSBC Amanah, TCS, Sarawak Energy, Monash SoB and Nottingham, and explored how public and private sectors and academic institutions can best collaborate to help drive a local sustainability agenda.
Other SDGs:
Economic Impact
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The Monash University Group had 18,018 total staff (9,8460 FTE) and total operating expenses of $2,938.9 million from continuing operations in 2022.
Employment Security
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In 2022, the median length of service of Monash staff was five years (up from 4.9 years in 2021).
Monash has an enabling plan to guide priority work in building a contemporary, global workforce with the values and expertise required to achieve the purpose and goals of Impact 2030. A key priority in 2022 was reviewing and improving workforce management practices, especially those concerning sessional staff. The University delivered significant changes over the year, including the tutorial review project and streamlined timesheets initiative, which focused on ensuring accurate payment of sessional staff for scheduled teaching activities.
Monash Indigenous Employment Policy and Procedure
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Monash University’s Indigenous Employment Policy and Procedure were updated in collaboration with the William Cooper Institute to align with the goals of the Impact 2030 strategic plan and our commitment to help foster a society that recognises, respects and includes Indigenous peoples, cultures and knowledge.
The Policy and Procedure provides guidance across the employment life cycle and outlines our approach to the recruitment, retention and advancement of Indigenous Australian staff, as well as fostering a culturally-informed workforce.
Modern Slavery
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Monash University supports universal human rights and stands strongly against all forms of modern slavery. The University is committed to actively seek out and address any potential instances of modern slavery within our global operations and supply chain.
In 2022 Monash completed the third year of its five year continuous improvement program to systematically address modern slavery within our operations and supply chain, the full details of which will be published as the University’s 2022 Modern Slavery Act Report. Activities taken to manage the University’s modern slavery risks and obligations during the year included:
