It needs someone with far better skills and than I have to take this statement apart, but it’s not saying all it should. It’s too vague and carefully written, and fully mindful of legal considerations I imagine.
Just the first paragraph:
”The judgment made for difficult reading for all of us.”
Why? It didn’t change what had happened and what we had or hadn’t done about it. It just meant that it’s become more widely known, and criticised.
“In several areas we fell very short.”
Name them, then. What did you fail to do?
“ We apologise unreservedly to Professor Phoenix for the hurt and distress this has caused.”
We apologise for the hurt, but still not for our actions and inactions.