Combating bribery and corruption

At SMG, we have zero tolerance for bribery, corruption, and fraud. Our policy, underpinned by the CoC, is supported by well-defined expense regulations. In addition to mandatory compliance training, the GCO provides targeted sessions for employees at higher risk of exposure to bribery and corruption. These sessions cover various topics, such as the appropriate handling of gifts and hospitality. Dedicated training is also offered to accounting staff to help them identify and report suspicious activity for further investigation by the GCO. Four of such training sessions were conducted in 2024 for around 30 employees.

The risk of corruption in our business activities across all locations is assessed annually as part of SMG’s ERM process, with relevant mitigation measures implemented. In 2024, there were no confirmed cases of corruption, reflecting the effectiveness of our governance system in upholding ethical standards.