MATERIALITY

Grounded in Relevance, Guided by Impact.

We identify and prioritise ESG topics that are most relevant to our business and stakeholders through a structured materiality assessment. This process is revisited every two years to ensure continued relevance, incorporating inputs from both internal and external stakeholders to determine key focus areas.

ESG Category

Governance

Risk/Opportunity

Risk

Why is it material?

Regulatory compliance is essential to ensure product quality, meet legal requirements and maintain stakeholder trust.

Rationale

It enables adherence to regulations, protects reputation and trust, ensures ethical operations, safeguards intellectual property and supports a compliant supply chain.

Linkages

Stakeholder
Capitals
Strategy S2 - Excel

ESG Category

Social | Governance

Risk/Opportunity

Risk

Why is it material?

Consistent product quality and safety are critical to customer trust, compliance and competitive positioning.

Rationale

Quality issues can impact brand reputation, differentiation and overall value creation.

Linkages

Stakeholder
Capitals
Strategy S2 - Excel

ESG Category

Social

Risk/Opportunity

Risk

Why is it material?

Ensuring employee health and safety is fundamental to operational continuity and workforce well-being.

Rationale

Workplace hazards can pose regulatory, reputational and business continuity risks.

Linkages

Stakeholder
Capitals
Strategy S2 - Excel

ESG Category

Governance

Risk/Opportunity

Risk

Why is it material?

Protecting intellectual property is key to sustaining innovation and competitive advantage.

Rationale

It prevents unauthorised use, safeguards innovation and strengthens market positioning.

Linkages

Stakeholder
Capitals
Strategy S1 - Innovate

ESG Category

Governance

Risk/Opportunity

Risk

Why is it material?

Securing digital systems and data is critical to protecting business operations and sensitive information.

Rationale

Strong cybersecurity reduces vulnerabilities and safeguards digital assets and operations.

Linkages

Stakeholder
Capitals
Strategy S2 - Excel

ESG Category

Governance

Risk/Opportunity

Risk

Why is it material?

Ethical governance underpins trust, compliance and responsible business conduct.

Rationale

It ensures regulatory compliance, builds trust, prevents conflicts of interest and supports long-term sustainability.

Linkages

Stakeholder
Capitals
Strategy S2 - Excel

ESG Category

Governance

Risk/Opportunity

Risk

Why is it material?

Effective risk management is essential to safeguard business continuity and financial stability.

Rationale

Helps identify and mitigate risks that may impact reputation, operations and long-term performance.

Linkages

Stakeholder
Capitals
Strategy S2 - Excel

ESG Category

Social

Risk/Opportunity

Opportunity

Why is it material?

Employee well-being drives productivity, engagement and organisational performance.

Rationale

A motivated workforce enhances productivity, retention and talent attraction.

Linkages

Stakeholder
Capitals
Strategy S2 - Excel

ESG Category

Social

Risk/Opportunity

Opportunity

Why is it material?

Attracting and retaining talent is critical for sustaining innovation and growth.

Rationale

Ensures availability of skilled talent and supports innovation and organisational capability.

Linkages

Stakeholder
Capitals
Strategy S1 - Innovate S2 - Excel

ESG Category

Social

Risk/Opportunity

Opportunity

Why is it material?

Continuous learning enhances workforce capability and performance.

Rationale

Improves employee skills, productivity and overall organisational effectiveness.

Linkages

Stakeholder
Capitals
Strategy S1 - Innovate S2 - Excel

ESG Category

Social

Risk/Opportunity

Opportunity

Why is it material?

Improving access and affordability of medicines is critical to expanding healthcare reach and supporting better health outcomes.

Rationale

Enhanced access and affordability contribute to improved healthcare equity, broader patient reach and overall well-being, particularly in underserved markets.

Linkages

Stakeholder
Capitals
Strategy S3 - Expand

ESG Category

Social

Risk/Opportunity

Risk

Why is it material?

A resilient and responsible supply chain is essential to ensure uninterrupted operations and sustainable sourcing.

Rationale

Helps identify and mitigate risks related to supply disruptions, supplier reliability and environmental sustainability across the value chain.

Linkages

Stakeholder
Capitals
Strategy S2 - Excel S3 - Expand

ESG Category

Social

Risk/Opportunity

Opportunity

Why is it material?

Innovation is key to maintaining competitiveness and driving long-term growth.

Rationale

Supports differentiation, fosters collaboration and partnerships, and strengthens the Company’s market position.

Linkages

Stakeholder
Capitals
Strategy S1 - Innovate

ESG Category

Governance

Risk/Opportunity

Risk

Why is it material?

Ethical sales and marketing practices are critical to maintaining compliance and protecting patient safety.

Rationale

Ensures responsible promotion of products, prevents misuse or off-label promotion, and safeguards regulatory compliance and reputation.

Linkages

Stakeholder
Capitals
Strategy S2 - Excel

For detailed materiality disclosures, please click here

Stakeholder

Customers
Employees
Suppliers
Communities
Government / Regulatory authorities
Investors

Capital

Financial Capital
Intellectual Capital
Manufactured Capital
Human Capital
Social and Relationship Capital
Natural Capital