Environmental, Social and Governance

Introduction

Introduction by our CEO

Dear Shareholders, Stakeholders, and Members of the APIC Group Community,

I am pleased to present to you our second sustainability report, as we continue our journey towards a more responsible and sustainable future.  

Although the year 2024 was one marked by unprecedented challenges and losses for the Palestinian people with extreme aggression on the Gaza Strip. At APIC, we continued to do our part to support our community, starting with our employees by ensuring no layoffs at any of our subsidiaries including in the Gaza Strip, and extending to those who are most vulnerable in our community, where our Corporate Social Responsibility programme for the year reached around 1.5 million US dollars, amounting to a significant percentage of our profits reaching 20% with priority given to the continuation of support to our long-term partners and our people in Gaza. 

APIC Group hopes to soon start rebuilding its operations in the Gaza Strip, which were fully destroyed, and will continue supporting in the recovery of our community. 

I am proud to present this year’s report highlighting all the progress our teams have made despite the circumstances. This year’s report features an additional three of our subsidiaries—Unipal, PAC, and Siniora Jordan—along with remarkable achievements, from new recycling initiatives to a significant reduction of over 20% in water consumption at Siniora Palestine. This report is also the first to highlight our Active CSR initiatives, showcasing how we give back to our community not only through financial contributions but also through hands-on engagement and support. 

I extend my gratitude to each member of the APIC Group family—our employees, partners, and stakeholders—for their unwavering commitment to this cause. Your dedication has been instrumental in shaping the narrative of our sustainability journey, and I am confident that together, we will continue to make meaningful strides towards a more sustainable and resilient future. 

About

APIC Group publishes sustainability reporting on an annual basis as part of its Annual Report, gradually including all its subsidiaries and working towards achieving the highest standards in line with the Global Reporting Initiative.

APIC Group’s second Sustainability Report covers the Arab Palestinian Investment Company (holding company) and the following subsidiaries: Siniora Food Industries Company (Palestine and Jordan), Polonez, Medical Supplies and Services Company (Palestine), National Aluminium and Profile Company, Unipal General Trading Company (Palestine), and Palestine Automobile Company.  

All data presented in this report is limited to APIC as a holding company and the above subsidiaries only. 

For further information, contact the Sustainable Development and Social Responsibility Manager at APIC: Ms. Mona AlQutob  m.alqutob@apic.com.jo

Sustainability Approach

APIC has demonstrated a robust and expansive sustainability approach since its inception in 1994. Founded by a group of Arab businessmen, APIC’s primary goal is to channel funds and investments into Palestine, fostering the nation’s development and generating employment opportunities. APIC`s sustainability approach comes from its sense of responsibility, a commitment to leading by example, and extends beyond the mere adherence to international ESG standards. Recognizing the interconnectedness of economic success, environmental preservation, and social well-being, APIC has ingrained sustainability into its core values. The company views itself as a steward of the regions it operates in and endeavours to set a precedent for responsible business practices.

The company has been actively involved in eco-friendly initiatives, focusing on resource efficiency, waste reduction, and incorporating renewable energy sources in its operations. Additionally, APIC places a strong emphasis on social responsibility, not only within its organization but also in the communities it serves. The company invests significantly in its employees, going above and beyond labour law requirements to provide benefits that exceed standard practices in its sectors. Prioritizing fair labour practices, diversity, and community engagement, APIC aims to make a positive impact beyond its financial performance. Governance and ethics are essential, ensuring transparency, accountability, and ethical decision-making at all levels of the organization.

Empowering Sustainability Champions Across APIC Group

At APIC Group, sustainability is a collective effort driven by dedicated teams across all our subsidiaries. Each subsidiary now has a Sustainability Team consisting of at least three focal points, each specializing in:

• Governance & Social Responsibility

• Economic Sustainability

• Environmental Impact

These teams play a crucial role in advancing sustainability initiatives, developing policies, procedures and guidelines, ensuring accurate data reporting to the APIC Sustainable Development and Social Responsibility Department, and driving impactful change within their respective companies. Building Expertise in 2024 This year, our sustainability teams underwent specialized training on:

• Emissions Calculations – Enhancing carbon footprint tracking and reduction strategies.

• Sustainability Work Plan Development and Implementation – Ensuring structured and effective sustainability action plans.

• ESG Convene Platform Data Entry – Strengthening transparency and accountability in sustainability reporting.

By equipping our teams with the right knowledge and tools, APIC Group is reinforcing its commitment to long-term sustainability, responsible business practices, and a positive impact on the communities we serve.