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Our
About This President’s About 2023 Apical2030 Approach to Transformative
Report Statement Apical Highlights Highlights Sustainability Partnerships

APICAL GROUP
SUSTAINABILITY REPORT 2023
OUR APPROACH TO

SUSTAINABILITY

MATERIALITY ASSESSMENT
Our sustainability strategies are aligned with the expectations of our stakeholders through the identification
of material sustainability topics. These material topics form the basis of Apical2030, comprising four pillars of
Transformative Partnerships, Climate Action, Green Innovation and Inclusive Progress. We conduct periodic
reviews of the material topics to ensure their ongoing relevance to our business and stakeholders. Details of our
materiality assessment and the list of identified material topics are included in the Appendix.
We conduct materiality assessments every 2-3 years to inform and update our understanding on relevant issues
that impact Apical Group’s sustainability priorities and stakeholders.

The materiality matrix is reviewed annually to reflect updates in the sustainability landscape as it relates to
Apical Group and our business mandate. Based on the previous assessment conducted in 2021, we performed
a high-level materiality assessment for this sustainability report. This process involved desktop research on
our material topics revolving in the industry we operate in, reviewing our internal documents and policies
and interviewing internal stakeholders comprised of senior management team.

We worked with a third-party sustainability consultant to review and update our materiality matrix
through a three-stage process summarised in the table below:

Reviewing Interviewing Revising Material Topics

Activities
• Reviewed Apical Group’s • Developed interview questions • Reviewed priorities and impact
internal document, policies and to gather insights from of all the existing identified
procedures. stakeholders on 28 identified material topics based on the
• Conducted a desktop review material topics and sustainability outcome of desktop analysis and
on 28 material topics of Apical focus areas and how they shape interview sessions conducted.
Group against evolving market Apical’s business priorities. • Presented the revised materiality
trends, established standards • The interviews also seek topics and ranking to Apical
and regulations legislations such to understand how Apical Group’s senior management for
as GRI and the EUDR. collaborates with external endorsement and approval.
partners to generate value
for their stakeholders,
the communities and the
environment.

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