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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
TAX MANAGEMENT
Apical's ABC policy refers to all types of
GRI 207-1, 207-2
corrupt practices and key areas of risk that
are likely to arise, including but not limited Apical seeks to comply with the tax systems in
to: countries we operate in. We exercise reasonable steps
in determining and following the interpreted intent
• Active bribery of the respective tax legislatures. Our tax strategy is
comprehensive and aims to ensure we follow relevant
tax laws.
• Passive bribery
Our Tax Policy outlines our statement, method of
• Facilitation or grease payments
reporting on tax-related matters and tax strategy.
Apical ensures that all key tax positions, tax compliance
• Illicit enrichment
and tax-planning decisions are taken in compliance
with our Policy. Any initiatives that impact corporate
• Facilitation of tax evasion
structures and business models must be approved by
the Business Group President or Managing Director
• Conflicts of interest
on the tax implications before a final decision is made.
To ensure compliance with tax regulations, we work
• Gifts and hospitality
with external tax consultants on matters of uncertainty
in relation to taxation.
• Political donations
We are committed to implementing a tax approach
• Interactions with public and government officials that is linked to the business imperatives and
and lobbying sustainability commitments of Apical.
• Misuse of position
FEEDBACK CHANNELS FOR STAKEHOLDERS
GRI 2-25, 2-26
All employees receive ABC Policy training and are
encouraged to raise concerns about suspected Apical understands that the issues most critical
misconduct or malpractice to either the relevant to sustainability are determined by the diverse
department heads or in accordance with our perspectives of our stakeholders. We value their insights
and are committed to proactive and constructive
Whistleblowing Policy.
engagement. This two-way dialogue involves actively
seeking feedback and sharing progress updates on our
In 2023, there are no breaches of the Code of
Conduct, including corruption, anti-competitive sustainability programmes, intitiatives and grievances.
We believe open communication is crucial and we
behaviour and violations of anti-trust and monopoly welcome the input of our key stakeholders as much as
legislation. There are no significant fines and we proactively seek to communicate with them.
non-monetary sanctions for non-compliance with
laws and regulations in the environmental, social To empower stakeholders to raise concerns and
and economic area. questions, we provide clear avenues for feedback. Our
grievance mechanism allows them to communicate
potential or actual negative impacts associated
with Apical or our suppliers’ practices. Additionally,
a separate whistleblowing mechanism enables
stakeholders to raise concerns or seek clarification
about our business practices or those of our suppliers.
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