Doing Right
Anti-Corruption and Ethical Business Practices
Anti-corruption and Anti-bribery
The Group maintains a zero-tolerance stance towards fraud and corruption, underpinned by strong governance, clear policies and robust risk management processes. Oversight of fraud and corruption sits with the Board, supported by the ARMSC, which monitors the effectiveness of controls and ensures timely escalation and remediation of issues.
Our expectations are clearly communicated across our operations and value chain. All new employees are briefed on the Code of Business Conduct (CBC), which sets out the Group’s uncompromising position against fraud and corruption. In addition, key suppliers and contractors are contractually required to acknowledge the Group’s zero-tolerance stance and to comply with all applicable laws and regulations.
The Group's Enterprise Risk Management (ERM) framework identifies and mitigates high-risk areas, including corruption and bribery. Significant risks identified and their mitigating measures are escalated to the ARMSC, where necessary. In 2025, no significant fraud or corruption-related risks or incidents were identified through the risk assessment process.
Complementing this, the Group’s Internal Audit (IA) independently reviews and investigates high-risk areas as part of its audit cycle to identify potential red flags. Audit observations and recommended improvements are tracked and implemented to strengthen internal controls, reduce exposure and minimise the potential impact of corruption and bribery risks.