A Culture of Transparency and Fairness

A culture of transparency and fairness We value our culture of transparency where honesty, fairness and trust are promoted. We have a longstanding commitment to a safe and supportive environment that encourages the reporting of concerns about unethical behaviour or violations of law. We believe that by speaking up, we can protect our people and organisation from harm.

Any concerns raised in good faith are taken seriously and treated fairly, and we take appropriate action based on the outcome of our investigations. We recognise that it takes courage to speak up and we are committed to ensuring that anyone who raises a concern is protected from retaliation.

Ethics Training

We ensure that all our people understand the importance of doing business ethically, know how to raise queries or concerns when they arise and understand the consequences of potential misconduct. Training on ethics forms part of the induction process for all new staff members.  Training on topics which are relevant to specific business functions or business roles is provided on an ongoing basis.  In 2025, we plan to roll out training to all staff on our new Employee Code of Ethics. Training is provided to through various mediums, including Almac’s online Learning Management System, as well as in person training focused on the key ethical challenges such as bribery and corruption and fair competition. 

Responsible Sourcing

Our supply chain plays a critical role in ensuring we can deliver on the expectations of our customers to the highest possible standards and we will only work with suppliers who share our values and commitments. 

Our sustainable procurement programme  outlines how we will engage and monitor our supply base. 

The key objectives of our programme are as follows: 

• To align the procurement strategy with Almac’s overall sustainability goals and vision 
• To reduce the environmental, social, and economic impacts of Almac’s procurement activities 
• To ensure fair and ethical practices in the supply chain, such as respecting human rights, labour standards, and diversity 
• To create value by improving operational efficiency, reducing costs, enhancing reputation, and mitigating risks 

We will adopt a whole life cycle cost modelling approach to our sourcing activity and sustainability will be an input factor, addressing ethical, environmental and social considerations to underpin commercial and quality requirements.  

Sustainabilty training is currently being rolled out throughout all Procurement Departments within Almac Business Units. All procurement stuff actively work with their suppliers to educate and set expectations for them that are aligned with Almac and we are working on various projects designed to reduce the carbon footprint of our supply chain. 

Code of Conduct and Due Diligence

As a key part of our approach, we have introduced a robust Supplier Code of Conduct which sets out our expectations in terms of:  

• Business integrity  
• Labour and human rights  
• Environmental and health and safety practices
• Management systems  
• Transparency and reporting. 

The Code of Conduct is a mandatory requirement for all new suppliers. 

This code has been integrated into supplier agreements and suppliers are responsible for ensuring that they comply with the principles, and that any third parties engaged by them also apply the same principles. Our New Vendor Registration Form incorporates our Supplier Code of Conduct and other key Almac policies and no supplier will be approved in Almac unless they are fully aligned to our Code. 

This year , alongside our Code of Conduct, we issued a Supplier Due Diligence Questionnaire in the form of a Request for Information – approaching our key strategic suppliers initially. This questionnaire will provide data on key topics such as ethics, net zero targets, decarbonisation and supplier diversity. In terms of ethics, it is our expectation that anyone who provides services to Almac shares our values and our commitment to the highest ethical standards. We require our suppliers to strictly adhere to all applicable laws and regulations in the jurisdictions in which they are based, including laws addressing Anti-Corruption and Bribery. We plan to roll this out across our wider supply base in due course and it will ultimately form part of our supplier qualification & onboarding process. 

We are currently establishing a baseline measurement of our Scope 3 emissions and will continue regularly engaging with our supply chain on our expectations for reductions, transparency and reporting going forward. For further detail on our Scope 3 approach please see the planet section of this report.