Governance
Compliance with all the laws and regulations is a critical area of our operations at Fortress. We are committed to upholding the highest standards to ensure compliance with all applicable laws and regulations relevant to the Group and all other aspects of the business.
Our compliance framework is designed to ensure adherence to relevant laws and regulations governing environmental protection, health and safety, ethical business practices and labour standards.
Through our internal controls, the Group strives to identify and mitigate any compliance risks. We have put in place measures and monitoring mechanisms to assist the Group to minimise potential impacts on the Group, in particular on any environmental issues. In FY2024, the Group did not record any significant instances of non-compliance with
laws and regulations for which fines or non-monetary sanctions were imposed.
Anti-bribery and corruption
The Group has in place an Anti-Bribery and Corruption Policy since 2020, which reaffirms the Group’s commitment to zero-tolerance approach towards any form of bribery and corruption by its employees or any other persons acting for and behalf of the companies within the Group.
In addition, the Group has also established an Anti-bribery and corruption Code of Conduct to provide guidance to all our employees on the required practices in all business dealings and transitions.
The Anti-bribery and corruption Code of Conduct applies to and all other business associates, and intermediaries acting on behalf of the Group. In reinforcing Fortress stand on anti-bribery, the management, employees and business associates are responsible to establish and foster an ethical business culture to ensure bribery risk is managed.
Whistle Blowing Policy
In maintaining Fortress’ commitment to transparency and upholding its ethical business practices, we have in place a robust mechanism to encourage and protect whistle-blowers who report on any suspected inappropriate behaviour or misconduct relating to fraud, corrupt practices and or abuses involving the Group’s resources.
Fortress has adopted a Whistle-blowing Policy and Procedures that ensures confidentiality and provides protection against any reprisals and or retaliation as a result of the report. The Audit Committee is responsible for the administration and compliance of the policy and procedures.
The Whistle-blowing Policy and Procedures is published on Fortress corporate website at www.fortress.sg. The whistle-blowing channel is open to any employees, vendors, contractors or the general public. By fostering a culture that values integrity and accountability, we aim to maintain trust with our stakeholders and uphold our commitment to responsible practices.
In FY2024, we received 1 complaint through the whistle-blowing channel (FY2023: 1 complaint, FY2022: 0 complaints). The procedures as set out in the Whistleblowing Policy have been adhered to in the handling of this matter.
Data Protection Act
The Data Protection Act ensures that Fortress.sg complies with all necessary guidelines regarding the collection, use, and storage of personal data.
We prioritize the security and confidentiality of user information and are committed to safeguarding it from unauthorized access or breaches. Our practices adhere to local regulations such as the Personal Data Protection Act (PDPA), ensuring that personal data is handled with the utmost care.
Users can trust that any information shared with Fortress.sg will be processed responsibly and only for the purposes disclosed. We continually review and enhance our security measures to maintain the highest standards of privacy protection.
