63 Annual Report 2025 Material Risks Key Mitigating Actions Fraud, Bribery and Corruption Any forms of fraud, bribery and corruption that could be perpetuated by employees, third parties or collusion between employees and third parties. • Foster a culture of ethics and integrity in CLAS. • Adopt a zero-tolerance stance against fraud, bribery and corruption (FBC) across CLAS’ businesses. • Communicate CLAS’ commitment to integrity from the top through policies and practices, such as the FBC Risk Management Policy, Whistle-blowing Policy, Ethics and Code of Business Conduct Policies and Anti-Money Laundering and Countering the Financing of Terrorism Policy. • Conduct mandatory trainings to enhance awareness among employees. Regulatory and Compliance Non-compliance with applicable laws, regulations and rules, relating to tax, data protection and privacy, financial crimes and sanctions in the key markets where CLAS operates. • Maintain a framework that proactively identifies the applicable laws, regulations and rules, assesses the regulatory and compliance risks and embeds compliance risk mitigation measures into day-today operations. • Leverage in-house specialised teams in CLI such as legal, compliance and tax, and external consultants to provide advisory services and updates on changes to laws, regulations and rules. • CLI maintains Group-wide policies and procedures to address the requirements of the applicable laws, regulations and rules such as Personal Data Protection Policy, Anti-Money Laundering and Countering the Financing of Terrorism Policy, Global Sanctions Compliance Policy and Tax Strategy. • Adopt blended compliance training approach through e-learning and in-person sessions to raise awareness and train employees on ways to avoid or prevent non-compliant behaviour. Safety, Health and Well‑being Increased expectations from stakeholders for CLAS' properties to provide a safe and healthy environment that contributes to their well-being. • Entrench a sustainable safety culture through deep safety capabilities, disciplined safety practices, and a progressive safety mindset that drives key performance targets for both CLAS and our supply chain. • Leverage on CLI’s Environmental, Health and Safety Management System with ISO 14001 and 45001 certificates in the relevant operating markets. • For more information, please refer to CLAS’ Sustainability Report 2025, to be published in May 2026.
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