Ethics and transparency Ethics and transparency are embedded in the way that CSL conducts business and interacts with employees, partners and stakeholders worldwide. While CSL’s Values (detailed on page 8 of this Annual Report) serve as its directional compass, CSL’s Code of Conduct (the Code) is a principle-based guide for CSL employees. CSL’s Code continues to foster a culture that supports and encourages high ethical standards, personal and corporate integrity and respect for others. All employees must undertake training on the Code every two years, which is available in 17 languages to cater for CSL’s global workforce. CSL expects its employees and third-party partners to comply with the applicable local laws and regulations of the countries in which they operate, and to observe all of the requirements set out in the Code and in CSL’s Third Party Code of Conduct respectively. The Company has internal control systems to ensure financial statements comply with the applicable local laws of the countries in which it operates and to prevent fraud and other improper conduct. CSL has an Anti-Fraud Policy which applies a ‘zero tolerance’ approach to acts of fraud, such as deliberate deception or dishonesty to obtain an unfair, unauthorised or illegal advantage, whether financial or otherwise. CSL’s Code as well as the Third Party Code of Conduct can be found on CSL.com. + R EAD MORE AT CSL.COM/WE-ARE-CSL/ CORPORATE-GOVERNANCE/CODE-OFCONDUCT Anti-bribery and Anti-corruption CSL’s Anti-Bribery and Anti-Corruption Policy prohibits CSL businesses and employees from directly or indirectly offering, paying, soliciting or accepting bribes, or providing or receiving personal favours, financial benefits or other inducements intended to improperly influence business decisions. This prohibition applies regardless of the value of the reward or inducement. CSL policy also prohibits facilitation payments. The Board, via the ARMC, periodically receives information if there are any material breaches of the Anti-Bribery and Anti-Corruption Policy as a way of maintaining oversight. CSL operates in a diverse and complex marketplace and has a number of commercial arrangements with governments and related agencies across various geographies. Bribery and corruption are risks that could expose the organisation and employees to possible prosecution, fines and imprisonment. Market practices are governed by company-specific policies and procedures. Internal compliance mechanisms and control systems are directly supported by CSL’s Global Ethics and Compliance team and subject to additional oversight by CSL’s Business Units Compliance Committees, regional and local committees, and CSL’s Audit and Risk Management Committee. Based on these controls, CSL considers its overall risk relating to corruption to be low, and is committed to complying with laws and regulations in the regions in which CSL operates and those that CSL seeks to enter. CSL also has a Group Speak Up Policy to encourage anyone to raise concerns about potential misconduct, including in relation to bribery or corruption. The Speak Up Policy contains mechanisms, including a global 24/7 telephone and internet hotline service, for employees, contractors, suppliers and business partners to raise concerns in a confidential and anonymous (where permissible by law) manner without being subject to any form of detriment or retaliation. In addition, over the reporting period, an annual assessment of bribery and corruption risk was conducted by asking a cross-section of employees in CSL’s commercial and manufacturing operations to complete a standardised questionnaire. The questionnaire is designed to assist with identifying practices or behaviours that could be in breach of CSL’s Anti-Bribery and Anti-Corruption Policy. Results are provided to the business units’ regional/local compliance committees for review. Based on the results, the committees may ask for actions to be taken which could include revising regional or local policies or procedures, delivering further training, conducting ongoing monitoring or for a more detailed assessment of the local commercial operation, including any third parties acting on behalf of CSL. The implementation of the committees’ review and actions are supported by the Ethics and Compliance teams. Fair competition In FY2026, there were no findings against CSL relating to a breach of any fair trading or competition laws. Political contributions Over the reporting period, CSL contributed a total of: • US$10,000 in non-cash corporate political contributions in the US; • A$17,400 to political organisations in Australia, for attendance at boardroom lunches, dinners and functions; and • EUR$6,500 to a political organisation in Germany, for sponsorship of a company booth at a party conference. In all other regions, CSL made no political contributions. + R EAD MORE AT CSL.COM/WE-ARE-CSL/ CORPORATE-GOVERNANCE Disclosure As a publicly listed company on the Australian Securities Exchange (ASX), CSL has obligations under Australian law and the ASX Listing Rules. Subject to limited exceptions, CSL must continuously disclose to the ASX, information about CSL that a reasonable person would expect to have a material effect on the price or value of CSL securities. CSL has a policy that sets clear guidelines and describes the actions that the Directors and all employees should take when they become aware of information that may require disclosure. CSL’s Continuous Disclosure Policy was reviewed during FY2026 and minor changes adopted to better align the policy with current practice. CSL’s Continuous Disclosure Policy can be found on CSL.com. + R EAD MORE AT CSL.COM/WE-ARE-CSL/ CORPORATE-GOVERNANCE/COREPOLICIES Governance 49 CSL Limited Annual Report 2025/26
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