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Materiality
Assessment Appendix 1: Appendix 2: Appendix 3:
Climate Green Inclusive and Stakeholder GRI Content Assurance Glossary of
Action Innovation Progress Engagement Index Statement Terms
APPENDIX 2:
ASSURANCE STATEMENT
INDEPENDENT ASSURANCE STATEMENT
Control Union (Malaysia) Sdn Bhd (hereinafter referred to as “Control Union”) was commissioned by Apical
Group (PTE.) Limited (hereinafter referred to as “Apical”) to undertake an independent assurance of
Sustainability Report 2023.
Apical is responsible for the collection, analysis and preparation of the information in the Sustainability
Report. Control Union was not involved in the preparation of any material included in the report, except for
the issuance of this Independent Assurance Statement.
The responsibility of Control Union is to express an opinion concerning the information included in the
Sustainability Report within the assurance scope mentioned below, with the purpose to inform all the
Interested Parties.
Control Union’s assurance engagement is based on the assumption that all data and information provided is
reliable and in good faith.
Scope of Assurance
Apical’s Sustainability Report was developed using Global Reporting Initiative (GRI) standards. Thus,
assurance has been planned and performed for applicable sustainability performance disclosures presented
by Apical in the Sustainability Report. Control Union multi-disciplinary verification team performed the
assurance process that involves verification of the following aspects:
Inclusivity:
Engagement with stakeholders in the report development process and their involvement in organizational
decision making
Apical has continuously engaged with various groups of stakeholders, which resulted in several notable
engagements related to environmental, social and governance for the period of 2023. The results of
maintaining open stakeholder dialogue and through multiple platforms and programmes allow Apical to
better understand critical issues that are of importance to and affect each stakeholder group. The outcome
from the stakeholder engagements has served as inputs for several sustainability focused initiatives launched
by Apical.
Materiality:
Identification of issues in the report that are relevant and significant to the organization’s stakeholders, the
presence of and the extent to which these material issues are disclosed in the report
The ESG-related material topics are identified and prioritised through comprehensive review with
sustainability reporting consultant, survey with employees and engagement with Apical’s external
stakeholders. These material topics have been identified through consolidation data from stakeholder
feedback. These topics have also been prioritized according to their societal impact and relevance to Apical
as an organization.
Responsiveness:
Acting on stakeholder issues and provision of feedback through decisions, actions, performance and
communication
Apical addresses stakeholder concerns through their grievance handling procedure. The outcomes of the
grievance handling mechanism include among others set targets, short and long-term commitments. These
outcomes, their respective status and progress are publicly communicated by Apical in their annual
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