Corporate Sustainability Report - Flipbook - Page 60
Sustainability Report
A formal risk assessment review is undertaken
annually to prioritise principal risks using
the above de昀椀ned risk matrix (likelihood vs
impact). Potential appropriate actions are
also identi昀椀ed. These risks and actions are
presented to the Chief Executive O昀케cer, the
Access Management Team and the Board
by the Risk Committee, in昀氀uencing business
strategy.
The Group routinely monitors for emerging
regulatory developments, complies with
reporting requirements and annually
benchmarks its performance against climate
and sustainability targets.
The Board has direct oversight of climaterelated issues and risks and it agrees our
position and commitments on climate change.
The Chief Financial O昀케cer has overall
responsibility for the Group’s risk
management programme.
The Chief Financial O昀케cer is assisted by
the Group Financial Controller, the Access
Management Team, and the Risk Committee
which includes the Director of Sustainability,
and additional top management. See our FY25
Annual Report for more on our principal risks
and risk management processes, including our
approach to managing ESG risks.
TAX TRANSPARENCY
Our approach
At Access, we recognise that tax governance
is an important component of our broader
strategy.
We are committed to conducting our tax
a昀昀airs in a sustainable manner, measured
through good tax governance and responsible
tax practices. We believe that a clear approach
to tax is an important element of sustainable
business operations.
Governance framework
Our tax governance emphasises the link
between tax compliance and transparency,
which we view as the foundation of trust.
The Group has implemented a tax strategy
which is aligned with our overall values and
corporate purpose.
Access’ Board has overall responsibility for
tax. The Board discharges its responsibilities
by satisfying itself there is an e昀昀ective
organisation and control environment in place.
The Chief Financial O昀케cer advises the Board of
the tax control environment, and the Group
Tax Director is responsible for the setting of
our tax strategy. Policies and procedures are
in place which support the management of tax
risk and ensure compliance.
Transparency commitments
Access’ approach to responsible tax practices
re昀氀ects our commitment to comprehensive
oversight and ethical engagement. This
includes ensuring compliance with tax laws
and regulations in the countries the Group
operates in and that we maintain professional
and constructive relationships with the tax
authorities we deal with.
Access pays the appropriate amount of tax in
the countries it operates in and only engages
in tax planning that is commercial and which
is within the letter and spirit of applicable tax
laws.
Value creation
We recognise that tax plays a critical role in
the environmental, social, and governance
conversation.
Through our responsible approach to tax
governance, Access demonstrates our
commitment to creating sustainable value
while mitigating compliance risks and
supporting the communities where we
operate.
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