RS GROUP PLC

Our commitment to ESG is driven by strong governance from the very top of the Group. The Board has strategic oversight for ESG, while the SMT is responsible for the operational management of our 2030 ESG action plan and overseeing development of our ESG Solutions brand for customers [...] To reinforce our strong ESG governance approach we have an ESG Committee comprised of key SMT members and chaired by a Non-Executive Director. It meets twice a year to govern development, delivery and reporting of our 2030 ESG action plan. [...] The Board and its Committees support the strategy and governance of the Group's ESG approach. The Board has at least one overarching ESG strategy session each year, supported by deep dive sessions on key ESG topics and performance updates and reviews. In 2022/23 the Board reviewed the Group's ESG double materiality results (page 9), the 2030 ESG action plan and net zero performance and future priorities and the ESG solutions function's commercial strategy. [...] The Audit Committee oversees compliance to the 11 recommendations of the Task Force on Climate Related Financial Disclosures (TCFD), reviews and recommends to the Board approval of key ESG disclosures, ensures horizon scanning of emerging ESG legislation and compliance with developing reporting requirements. The Audit Committee reviewed our 2022/23 ESG, TCFD and Scope 3 disclosures and quantitative climate-scenario modelling.

The ExCo, led by our CEO, has ultimate responsibility for the development, delivery and progress of our 2030 ESG action plan. They oversee the development, implementation and performance management of all ESG-related policies, goals, initiatives, investments and disclosures. The ExCo receives annual training on our net zero strategy and climate transition plans to ensure they are taking action on the Group's key climate-related risks and opportunities, the latest regulations and embedding best practice. [...] The Board has close oversight of our ESG action plan. They ratify key ESG policies, targets, initiatives and investments, while monitoring progress via quarterly ESG updates. In respect of ESG, the Board is supported by two of its committees: the Audit Committee, who ensure alignment to existing and emerging ESG compliance and the Remuneration Committee, who make decisions on ESG metrics and targets to be included in executive remuneration and employee rewards. [...] In 2023/24, the Audit Committee reviewed the Group's climate scenario modelling and wider TCFD disclosure, as well as our updated Scope 3 emissions modelling and recommended these to the Board for disclosure. We also selected a new Non-Executive Director ESG lead, Bessie Lee, to provide a deeper governance link between the Board, ExCo and ESG team. [...] The Group ESG team is responsible for the day-to-day delivery of our ESG action plan. Operating within our Corporate Services function, it is led by our VP of Social Responsibility & Sustainability and supported by four cross-organisational steering groups focused on net zero, packaging, transport and Better World products. These teams meet monthly to develop strategic plans, oversee initiatives and manage ongoing performance. They are supported by the ESG compliance steering group who oversees the development and delivery of the Group's approach to existing and emerging ESG legislation, including the TCFD and CSRD.

Our CRROs are managed via our risk management process to ensure a robust and consistent approach across the Group. We have a high-level CRRO risk register and mitigation plans, which are refreshed periodically in consultation with market and functional leaders. We also have strategies and controls in place to mitigate physical climate-related risks on our operations and wider supply chain (see page 36). CRROs are integrated into our risk management process for ongoing management. Each CRRO has an owner, mitigating controls and a series of metrics and targets that are monitored and reported on. The internal audit and risk team monitor the controls associated with our CRROs and review these frameworks when conducting audit inspections. A review of ESG impacts is incorporated at the due diligence stage of acquisitions and investment will be added to future integration plans. Updates and key risks are provided to the Risk Committee, ExCo, Audit Committee and the Board during their bi-annual risk reviews to ensure a clear line of sight and integration into our strategy, business planning and decision making. For more information on our principal risks, including climate change, see pages 34 to 37.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Our VP Social Responsibility and Sustainability and our VP Global EHS work to ensure the Group's direct and indirect engagement activities, which influence climate change policy are consistent with the Group's overall climate change-related strategy. The process is supported through the Group's ESG leadership committee which is chaired by a non-executive director. It also involves the investor relations team and public relations teams to identify the key contacts for engagement with regard to climate change. This ensures a common approach to multiple climate engagement activities is consistent with our strategy on climate change.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]Our VP Social Responsibility and Sustainability and our VP Environment, Health and Safety work to ensure the Group's direct and indirect engagement activities, which influence climate change policy are consistent with the Group's overall climate-related strategy. The process is supported through the Group's ESG leadership committee which has senior members of the senior management team (SMT) and is chaired by a non-executive director.