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GOVERNANCE STRUCTURE AND APPROACH
Strong Governance for Sustainable Growth
At Aramex, robust corporate governance is at the heart of our commitment to transparency, accountability, and sustainable growth. In an evolving global landscape, effective governance is essential for maintaining stakeholder trust and ensuring compliance with international best practices. By embedding governance principles into our corporate culture, we reinforce our dedication to ethical business conduct and long-term value creation.
In 2024, Aramex strengthened its corporate governance framework, ensuring alignment with regulatory developments and global best practices. The Board remained proactive in refining governance structures, incorporating the Securities and Commodities Authority’s (SCA) updated Governance Guide and participating in a DFMmandated governance briefing and an in-depth session on the key changes to the updated SCA Governance Guide.
RISK AND COMPLIANCE
Risk Management and Compliance are integral to our corporate governance and responsible business practices
Risk and Compliance within Aramex include the activities and processes related to Enterprise Risk Management, Compliance, Health, Safety and Security
The Aramex Risk Management function is responsible for managing the company’s key risks based on Aramex’s Risk Appetite. This involves comprehensively and holistically identifying, assessing, mitigating and monitoring risks to support effective decision-making across the company while safeguarding stakeholders and assets.
We understand that the dynamic and ever-changing business landscape impacts and changes Aramex’s risk profile, which is why we work to remain responsive and diligent. As part of our risk management and compliance culture, we strive to protect our employees, serve our customers and communities and respond to any arising global challenges.
OUR MATERIALITY AND REPORTING APPROACH
Our annual integrated reports, a practice since 2010, serve as a vital tool reinforcing our commitment to transparency while providing stakeholders with clear insights into our progress, updates and impacts each year. Our reporting approach reflects our commitment to transparency, accountability and alignment with global standards. By integrating financial and non-financial disclosures, we provide a comprehensive view of our performance, impacts and value creation. Here, we elaborate on our reporting process, including how we define boundaries, manage data, determine materiality and ensure consistency and accuracy in our disclosures.
INTEGRATED REPORTING; A holistic approach to reporting
In our report, we maintained the guiding principles of the Integrated Reporting (IR) framework via a clear strategic focus and future orientation by connecting information to highlight value creation across our operations and the dynamics of our six capitals.
- We strengthened stakeholder relationships by incorporating feedback to determine material topics and planning the dissemination of the report alongside key operational insights.
- Materiality was prioritized by focusing on relevant topics and referring readers to additional details where necessary.
- Conciseness was ensured by reporting only on material issues while maintaining clarity and context
- Reliability and completeness were achieved through robust internal reporting systems, stakeholder engagement and independent external assurance.
- Consistency and comparability were upheld with year-on-year data, adherence to GRI disclosure protocols and clear measurement of progress against targets from previous reports.