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& SOCIAL VALUE REPORT 2023/24LV Switchgear | Wiring Accessories | Cable ManagementSustainability

Publication date: August 2024The content of this report covers the period of FY2023-24 fromMay 2023 to April 2024, aligned with our financial reporting. Data and information in this report has been reviewed and approved by our senior management team and compiled by our Head of SSV.Company OverviewWelcome From Our Managing DirectorUpdate From Our Head Of SSVOur SSV Core ValuesWELCOME & COMPANY OVERVIEWContts03040506Sustainability Road MapSustainable Development GoalsFRAMEWORK0809Nurture Our PeopleProtect The WorldEnhance CommunitiesGovernanceCORE VALUES12183035Sustainable PartnershipsSUSTAINABLE PARTNERS38What’s NextAccounting PoliciesOur GovernanceACCOUNTABILITY394041CONTENTS2

With nearly 200 years of British manufacturing experience, Proteus Switchgear, M2 Electrical, Tamlex and Centaur continue to expand and broaden their portfolio of electrical products and services. From cable management to LV switchgear, wiring accessories to EV distribution units, our focus is to offer a complete solution for the domestic, commercial and industrial market sectors.OVER 200 EMPLOYEESUK BASED MANUFACTURER SINCE 1969200,000 SQ FT OF MANUFACTURING FACILITIESOVER 400 UK DISTRIBUTORS VIA CEFGLOBAL EXPORTS4 BRANDS 5 SITES NEARLY 200 YEARS MANUFACTURINGBRANDCOMPANY OVERVIEWCOMPANY OVERVIEW3

WELCOME FROM OUR MANAGING DIRECTORWe have continued long-standing relationships with local charities Telford Crisis Support and Friends of Isaac (Redditch), ensuring that our contributions have a meaningful and lasting impact on our communities. This year, our fundraising efforts for Macmillan have been particularly successful, reflecting our team’s dedication and willingness to help others. Looking ahead, our three new core values will be integral to our business strategy. I want to extend my gratitude to our employees, partners, and stakeholders for their support to our journey this year. John AlldenManaging DirectorI am pleased to present our Sustainability and Social Values Report for the financial year 2023-2024. Over the past year, we have made significant strides in these areas, reflecting our unwavering commitment to a sustainable future.One of the most significant milestones in the past 12 months has been to appoint a Head of Sustainability and Social Values (SSV). This strategic investment highlights our dedication to embedding sustainability and social values at the core of our operations. We are proud to report that we have exceeded previous scores for both the Planet Mark and EcoVadis certifications. These achievements are a testament to our environmental standards and our commitment to continuous improvement in many areas. “WELCOME FROM OUR MANAGING DIRECTOR4

UPDATE FROM OUR HEAD OF SSVOver the past 12 months, we have continued the groups journey gaining valuable insights and learning from our experiences. I extend my gratitude to everyone in the company for their support and commitment during this period of growth and discovery.Looking ahead, my plan is to build on our foundations by providing a road map of where we are heading and setting clear targets to work towards. This will guide us in making measurable progress across all areas of our company. By establishing specific goals, we can ensure that our efforts are both focused and impactful, driving us towards a more sustainable future.Throughout this report we will detail our new core values of: Nurture Our People, Protect The World and Enhance “Planet Mark RenewedCharity Partnerships ContinuedCarbonEmissionsReducedBronze Award AchievedThis report not only reviews last year’s dedicated efforts but also highlights the significant strides we have made in many areas, such as:• Reducing our carbon footprint per employee as accredited by Planet Mark. • Achieving our first Bronze EcoVadis award with our highest score yet.• The time spent enhancing our social values, and deepening our community impact.Richard WharradHead of SSV for In-House ManufacturingCommunities. We will also display the recent work within each value and the plans to move each area forward in a measurable and mindful way.UPDATE FROM OUR HEAD OF SSV 5

NURTURE OUR PEOPLEPROTECT THE WORLDENHANCE COMMUNITIESSTRATEGY MOVING FORWARDOUR PLANThis value is about creating a workplace where diversity is celebrated, opportunities are abundant, and wellbeing is a priority.We recognise our role in protecting the environment. This value focuses on managing and reducing our environmental impact across all operations. Through various initiatives and partnerships, we aim to support community development, enhance quality of life, and foster social well-being.OUR SSV CORE VALUES6

NURTURE OUR PEOPLEENHANCECOMMUNITIESTHE WORLDPROTECTOur goalTo be a leader in our sector, and a force for good with a focus on people, planet and communitiesoperations and value chainand ethical impact across our Manage and reduce environmental Governance: Business Ethics and Transparency, Steering Group, B Corp, Science Based Targets, EcoVadisTo create an inclusive, caring and rewarding culture which attracts, retains and develops the very best talentFundamentals: Legal Compliance, Engagement, Data & ReportingOur Strategy - Creating Opportunities, Improving LivesDeliver social value in our communities and foster engagement with our stakeholdersThis report marks a significant milestone in our journey towards a more sustainable and socially responsible future.It encapsulates our dedication to embedding sustainability and social values into all of our operations and our relentless commitment in creating a positive impact on our people, the planet, and the communities we serve. This report also launches our new core values of: Nurture Our People, Protect The World,Enhance Communities &Governance.rtls commitmt in ting a positive impactOUR SSV CORE VALUES7

JOURNEYEstablished Charity partnershipsFirst EcoVadis ScoreAppointment of Head of SSVStrategy DevelopedSupply Chain Sustainability School Silver BadgeRemove All Single Use PlasticsRenewable Energy Provider 202220232024202420302022100% Waste Recycling Scheme2023B Corp20252022Fundraising For Macmillan202163% reduction of Scope 1, 2 & 3 emissions2033EcoVadis Bronze Medal2023SUSTAINABILITY & SOCIAL VALUES JOURNEYSUSTAINABILITY ROAD MAPNet Zero20408

As our journey continues we are now proud to stand by the United Nations Sustainable Development Goals (SDGs) and conduct our approach in-line with their blueprint towards a more sustainable future.The United Nations Sustainable Development Goals (SDGs) are a set of 17 interconnected global objectives designed to address a wide range of issues, including poverty, inequality, climate change, and justice. These goals were established by the United Nations in 2015 as part of the 2030 Agenda for Sustainable Development. The primary purpose of the SDGs is to create a blueprint for achieving a better and more sustainable future for all.Within our manufacturing sector for the construction industry, SDGs are crucial in providing a structure for sustainable development, which can guide the industry towards responsible and ethical practices together for the benefit of the environment and society.As a construction based manufacturing group we are constantly reviewing materials used, carbon emissions, mental heath awareness and wellbeing.SUSTAINABLE DEVELOPMENT GOALSSUSTAINABLE DEVELOPMENT GOALS9

Identified local charities to our manufacturing operations and provided food deliveries multiple times a year over a number of years.We provide regular wellbeing awareness days across the group, as well as on-going mental health first aider training.Training is provided to ensure employees skill sets are adequate for their roles and the option is available to up skill staff where applicable.Throughout the business, regardless of gender, there is equal opportunity and zero toleration of discrimination. Stand alone water dispensers are now available within 4 of the 5 manufacturing facilities.Energy is now sourced from 100% renewable sources and LED lighting has been fitted throughout the businesses.SUSTAINABLE DEVELOPMENT GOALSOUR CONTRIBUTION TO SDGs10

All employees regardless of age, race or disability will receive equal pay, as well as signing for all company policies.The company promotes equal opportunity throughout and has a zero tolerance to discrimination.When procuring goods, services or hospitality the company has a large portfolio of local businesses.All waste is 100% recycled or recovered via a third-party waste management company and electrical waste is disposed of via our in-house Waste Experts.Our focus is on becoming Net Zero by 2040 and we are committed to joining SBTi.The company has policies in place for anti-bribery & corruption as well as human trafficking.SUSTAINABLE DEVELOPMENT GOALSOUR CONTRIBUTION TO SDGs11

NURTURE OURPEOPLENurture Our People is one of our main defined areas within our SSV plan, as we are well in tuned with the impact our teams have on our business. This pillar involves creating a workplace where diversity is celebrated, opportunities are abundant, and wellbeing is a priority.Employs are one of our key asss, as pa of that, thr hlth, wlbng and carr progrsion in the workpla is of major impoan to us. Training Mtal Hlth & Wlbng DivsityTraining is an important aspect of factory life and as a business we aim to ensure training is provided to up skill our teams.Regular mental/physical health and wellbeing training is provided on subjects such as hydration, movement and time management. Diversity is celebrated across the group with a clear equal opportunity approach for all.Fos onNURTURE OUR PEOPLE12

Throughout 2023 we have added or renewed 28 employees’ training certificates in areas from Health & Safety Training to Power Press Training.We also have a Management Trainee Program where since 2012, 10 management trainees have been appointed and 5 now hold key positions within our businesses.TOTAL NUMBER OF PARTICIPANTS & MODULES COMPLETED28Mbs of Staff61Modul CompledELECTRICALDISTRIBUTORS’ASSOCIATIONEDAAAOpationsaossall 5APPRENTICESHIPS & TRAINEEPROGRAMMESTRAINING HOURS COMPLETED44Hou61HouTraining will be rolled out across the company to ensure our employees continue to grow in their careers with us and ensure they have the correct skills to carry out their jobs. Alongside this, we will be training our staff on environmental, labour & human rights and ethical issues. ANURTURE OUR PEOPLE13

Sessions have been held focusing on hydration and regular movement. The goal was to encourage employees to take time for themselves and prioritise their health and wellbeing.Following this a second set of wellbeing sessions were arranged where the focus was on employees’ physical and mental health. MENTAL HEALTH& WELLBEING22Mtal HlthAwars EmploysWe pride ourselves on supporting our staff and developing them throughout their careers. Lgth of SviWELLBEING WORKSHOPAs an extension to providing water bottles to all members of staff following our wellbeing workshop in 2022 based on hydration and movement. We then installed new stand alone water dispensers throughout the group, currently 4 out of 5 sites.Dnking WatAVERAGE LENGTH OF SERVICE11YEARSNURTURE OUR PEOPLE15DisabilityAwars Employs14

DIVERSITY, EQUALITY & INCLUSION219 EMPLOYEES21934.6%FemaleWOMEN IN MANAGEMENT POSITIONS9Team Managers5Department SupervisorsThroughout the business there is an equal opportunity and non-discrimination approach. Regardless of a person’s gender, age, ethnicity or disability they will receive equal pay and opportunities to progress in their career. NURTURE OUR PEOPLEAGE37%Over 50We currently have 83 employees over the age of 50 with 8 of these being over retirement age. 15

KPI Name Unit of Measure 2021 Result2022 Result2023 ResultTarget SDGsEmployees Trained on Health & Safety % 20.6 34.9 51.4 60 2024Employees Trained on Mental Health & Wellbeing% 7.3 15.6 29.8 50 2024Employees Trained on Skills % 4.1 4.6 7.8 10 2024Employees Trained on Career Knowledge % 4.1 5.5 7.8 10 2024Apprentices/Management Trainees Number 4 5 2 4 2024TRAININGNURTURE OUR PEOPLE KPIsKPI Name Unit of Measure 2021 Result2022 Result2023 ResultTarget SDGsHealth & Safety Incidents at Work Number 1 0 2 0 2024Loss Time Injury (LTI) Frequency Number 0 0 4.3 0 2024Loss Time Injury (LTI) Severity Number 0 0 14.9 0 2024MENTAL HEALTH & WELLBEINGNURTURE OUR PEOPLE16

KPI Name Unit of Measure 2021 Result2022 Result2023 ResultSDGsEmployees Under 30 % 11.2 12.9 12.8Employees 50-59 % 18.1 22.4 24.2Employees 60-65 % 6 7.6 10Employees Over Retirement % 0.5 1.4 3.7Female Employees % 33.3 36 34.6Female Managers/Supervisors Number 13 13 14DIVERSITYTotal number of employees: 2022-210, 2023-219NURTURE OUR PEOPLE17

PROTECTTHEWORLDWe recognise our role in protecting the environment. This pillar focuses on managing and reducing our environmental impact across all operations and throughout our supply chain. Our impact on the environment is at the forefront of discussion making, from packaging to energy suppliers.By working osy with supplis all opations now sour cardboard om recyed contt of 80% or grt.Environmt ProductSustainae PrortThe Company has a commitment to monitor, report and reduce our carbon footprint including waste and water usage.Continuous development of sustainable and energy efficient products is at the forefront of our SSV strategy.We continue to assess, monitor and collaborate on the sustainability impact of our supply chain.Fos onPROTECT THE WORLD18

We are registered with an Authorised Treatment Facility (ATF) for the recycling and reprocessing of electrical waste.ELECTRICAL WASTEWaste Experts allows us to dispose of our electrical waste in an environmentally responsible way that supports the circular economy. WASTE TO LANDFILLIn 2023 it was confirmed that all 5 of our sites moved to a 100% waste recycling scheme. This is achieved via recycling on like for like cardboard/wood/steel or via a RDF (refuse-derived fuel) scheme.100%Reduction of=2023 0.00TON=2022 19.3TONWaste to Landfill=2021 103.5TONENVIRONMENTHAZARDOUS WASTEPROTECT THE WORLDThe only hazardous waste across the business is oil at Centaur. We use a specialised oil refinery company to treat this waste.19

Procuring Green Energyvia wind, solar & nuclear fuels5 out of 5 sitGREEN ENERGYIn 2022 all 5 of our sites moved to a renewable energy provider which enabled 100% carbon offset of electricity.556.3 tC02eCarbon Offs ofRegular reviews of plant equipment are conducted and maintenance plans are in place at all sites. As part of this cycle of work, the operations review ways to reduce their impact on the environment. Factory lighting is currently under review to ensure all operations are utilising LED lighting and movement and daylight sensors where applicable.Centaur have recently updated their factory lighting and converted over to LEDs which will result in them saving an annual reduction in carbon emissions of: 19,195KGsCO2 EMISSIONSAs part of our sustainability journey, we delivered a 17.8% reduction in CO2 emissions during 2023 against our base year when renewing our Planet Mark certification.19,195KGsLED Lighting savingof carbon issions p yrPROTECT THE WORLD20

Our data has been collected in partnership with Enistic for our 2023/2024 report. All figures are in tCO2eSCOPE 1, 2 & 3 EMISSIONSCurrently, we measure all our Scope 1 and Scope 2 emissions following the GHG protocol, and we measure a subset of Scope 3 emissions following the Corporate Value Chain Scope 3 Standard. Scope 1Natural Gas (kWh)% of total emissions26.2%Transport Fuel% of total emissions8.8%Scope 2Electricity (kWh)% of total emissions44%TotalScope 1Scope 2100% = 1000 tCO2e44% = 440 tCO2e*35% = 350 tCO2e262tCO2e 88tCO2e 440tCO2e* - 100% offset (renewable source)GHG Scope Emissions SourcesScope 1 Direct emissions resulting from sources that are owned and controlled by the companyScope 2 Indirect emissions from purchase of electricity and onsite EV chargingScope 3 Indirect emissions from other sources not included in Scope 1 and 2 categories. We include in our carbon footprint Scope 3 calculation business travel, deliveries we make, deliveries we receive, waste, commuting, work from home and supply chain purchases from our tier 2 suppliersScope 3WTT and T&D% of total emissions210tCO2eScope 321% = 210 tCO2ePROTECT THE WORLD21%21

SUMMARY OF OUR TARGETSOur science-based near term and net-zero targets. Note that our financial year (FY) is 1st May to 30th April.Near-term Scope 1 & 2 emissions reduction targets:63% reduction in Scope 1 & 2 emissions by FY2033 from a FY2023 base year.Near-term Scope 3 emissions reduction targets:63% reduction in Scope 3 emissions by FY2033 from a FY2023 base year.A subset of Scope 3 emissions has already been completed.Net-Zero Target:Net-zero (at least 90% absolute reduction) Scope 1, 2 & 3 emissions by FY2040, from a FY2023 base year.PROGRESS AGAINST TARGETSScope 1 and 2FY2023 Scope 1 & 2 emissions provide the baseline for our operational footprint. To achieve the agreed near-term target of a 63% reduction by FY2033, we will need to reduce its emissions ~6% per year, on average.FY23FY24FY25FY26FY27FY28FY29FY30FY31FY32FY33FY34FY35FY36FY37FY38FY39FY402004006008000tco2eScope 1 Scope 2 Scope 1 & 2 PathwayFigure 1: Progress against Scope 1 and 2 targets63% ReductionScope 3FY2023 Scope 3 emissions provide the baseline for our value chain footprint. To achieve the agreed near-term target of a 63% reduction by FY2033, we will need to reduce its emissions ~6% per year, on average.FY23FY24FY25FY26FY27FY28FY29FY30FY31FY32FY33FY34FY35FY36FY37FY38FY39FY40tco2eBaseline TBC 2024Scope 3 Scope 3 PathwayFigure 2: Progress against Scope 3 targets63% ReductionPROTECT THE WORLD22

CARBON REDUCTION PROJECTSElectricity & Natural Gas• Continued renewable electricity procurement • Implement energy efficiency actions from site surveys• Assess electrical capacity at sites to EV chargers, ensure capacity can be increased if needed and covered by renewable electricity supplyF-Gas• Put policy in place to repair/ replace aircon units with substantial leakageProduct• Gather product-related materials & energy usage data to improve downstream emissions calculations• Promote lower energy solutions to customers to encourage uptake of more energy efficient products• Continue to update internal systems so that product and packaging weights, and wattage (if relevant) is captured for all products• Continue to offer and promote in-store recycling of WEEE products to customersSustainable Procurement• Develop data capture platform (e.g., through EcoVadis) that can capture emissions and targets data in a uniform structure, to enable consistent reporting and facilitate Scope 3 calculations• Mandate that all suppliers provide data annually through the selected data capture platform• Identify top suppliers that already have emissions & targets data. Record results in data capture system• Develop an engagement plan to collaborate with top suppliers that do not have data• Engage top suppliers to educate and support Scope 1, 2 & 3 calculation & LCAs• Building on the supplier engagement plan outlined in the ‘procurement’ focus area, add product and packaging emissions to the agenda when communicating with product suppliers• Encourage suppliers to create product LCA’s to capture emissions embedded in the product, emissions during use and emissions from disposalPROTECT THE WORLD23

WATER RECORDSTRAVELLING TO WORK:7 Bike 17 Walk36 Car Share22 Puic TranspoRECYCLING BINS TO BE INTRODUCED TO ALL BUSINESSES, OFFICES AND DEPARTMENTSPAPER VS PLASTIC CUPSBottles were issued to all employees following a wellbeing workshop and staff are encouraged to use these throughout their working day.Where water dispensers are utilised in customer areas, cups are sometimes supplied:• 1 Business uses plastic cups• 2 Businesses offer paper cups in customer areas• 1 Business does not offer cups, however glasses are available in customer areas Cubic Meters4388Cubic Meters3072Cubic Meters26452021 2022 2023Cubic MetersWe educate staff to be more aware of water usage and have a maintenance team that repair any leaks within the Business. We are committed to being as efficient with water usage as possible.PROTECT THE WORLD37% of employees travel to work in a more sustainable way24

THIRD PARTYSUPPLIERS AUDITED2023We are delighted to share in 2023 we were awarded the Bronze EcoVadis medal improving on our first entry in 2022.2023 saw the creation of our very own in-house supplier audit programme. A bespoke audit was created specifically for our business needs and the pilot audits were carried out in person by our Head of SSV.In the last 12 months we have evaluated 109 of our key suppliers to see where they are on their sustainability journey. Out of these 109 suppliers we have engaged with 42 of them and of the responses we have received back 65% have been positive. PROTECT THE WORLDREACH (Registration, Evaluation, Authorisation and Restriction of Chemicals) compliance addresses the risks of chemical substances being used and produced and the impact they have on human health and the environment. While evaluating our key suppliers this was one of our main checks and of those that were REACH compliant we discovered that 24 suppliers have this.SUSTAINABLE PROCUREMENT25

In 2023 we redesigned all packaging within the M2 wiring accessories brand. The most notable advantage was the reduction in plastic trays and windows.In 2022 M2 sold a combined amount of 154,771 units across three product ranges that used plastic trays and windows. By redesigning the packaging and removing both we have removed over 2,525.77kg of single use plastic.Not to mention the transition from standard plastic cellotape to recycled paper tape.SINGLE USE PLASTICSPLASTIC WINDOWS & TRAYSANNUAL UNITS SOLD: 154,771 CombinedESTIMATED SINGLE USE PLASTIC WASTE2,525.77kgAll roved om our packaging IN 2023PRODUCTTo develop our sustainable packaging efforts, we have updated all packaging used across the group to have at least 80% recycled content within their cardboard packaging, enabling it to be recycled which is now one of our main focuses. One main example of this is removing any gloss lamination finish to cartons, initially done in the Proteus Switchgear brand. PROTECT THE WORLD26

REGRIND12 Tonne PaGnd installed to re-use damaged or rurned ack extrusion.CENTAURINVESTMENTSsaved omlandfillOVAL CONDUIT AND CHANNEL IS MADE FROM 100% RECYCLED MATERIALSustainability is at the forefront of what we produce in our Centaur factory. In 2023 918,184m was manufactured entirely from recycled materials therefore diverting waste from landfill. RECYCLED MATERIAL100%EFFICIENCY IN PACKAGINGPROTECT THE WORLDAll 5 of our sites use shredding when packaging orders, with only 2 using bubble wrap where needed. These 2 sites however are trying to reduce the amount of bubble wrap used. For example, at Proteus Consumer they bought 90 rolls at 931kg in the year of 2023 and so far up until July 2024 only 20 rolls at 78kg have been bought. PRODUCT LIFE CYCLE27

KPI Name Unit of Measure 2021 Result2022 Result2023 ResultTarget SDGsTotal Weight of Hazardous Waste Litres 0 0 624 - - Total Weight of Waste to Landfill Tonnes 122.8 19.3 0 0 Ongoing Total Weight of Waste Recycled Tonnes 58.6 103 131.4 - - Total Weight of Waste Recovered Tonnes - 67.2 78.8 - - Waste Efficiency* % 32.3 54.4 62.5 99 2030 Total Water Consumption Cubic Meters 4388 3072 2645 - - Total Energy Consumption MwH 4325 3822 3896 - - Total Renewable Energy Consumption MwH 2324 1913 2127 - - Percentage of Renewable Energy % 54 50 55 100 2040 GHG Scope 1 tCO2e 312 302 35063% Reduction by 2030 Net Zero by 2040 GHG Scope 2 tCO2e 677 557 440 GHG Scope 3 tCO2e 177 164 210 Carbon Footprint tCO2e 1166 1023 1000 - - ENVIRONMENTENVIRONMENT KPIsPROTECT THE WORLDOur carbon footprint during this period: 1000 tCO2eCarbon Intensity MeasureThe total estate size of our estate is: 150.5 thousand sqft.Our carbon intensity is, therefore, 6.65Kg tCO2e per sqft.Conversion factors usedElectricity: 1 kWh = 0.2556 kg CO2eNatural Gas: 1 kWh = 0.18385 kg CO2eTransport: 1 mile = 0.27459 kg CO2eIntensity ratios calculated as followsKg CO2e per sqft of total estate size*-Recycled weight divided by waste created weight28

KPI Name Unit of Measure 2021 Result2022 Result2023 ResultTarget SDGsKey 3rd Party Suppliers Audited On-Site* Number 0 0 12 19 2024Audited Suppliers Engaged in Corrective Actions Number 0 0 12 19 2024Key 3rd Party Suppliers Evaluated Number 0 0 109 - -Key 3rd Party Suppliers Engaged With Number 0 0 42 70 2024Suppliers Signed Supplier Code of Conduct % 0 0 5 50 2024Suppliers Evaluated Covered by CSR Number 0 0 30 - -Suppliers Engaged With EcoVadis % 0 0 18 30 2024Buyers Who Received Training on Sustainable ProcurementNumber 0 0 2 12 2024PRODUCTKPI Name Unit of Measure 2021 Result 2022 Result 2023 Result Target SDGsCustomer Health & Safety(product recalls or incidents)Number 0 0 0 0 2024Weight of WEEE Collections KGs 1,004,541 1,000,870 936,864 - -Recycled Packaging Content % 30 60 80 100 2030Plastic in Packaging Tonnes 9 8 4 2 2024All Plastics Tonnes 79 75 74 70 2024SUSTAINABLE PROCUREMENTPROTECT THE WORLD*-Figure refers to new audit produced in 202329

ENHANCE COMMUNITIESThrough various initiatives and partnerships, we aim to continue to enhance communities by developing relationships, provide support that is needed, and being active within our local areas.As we spd time reviewing rent work and planning ahd, our commitmt to our local chati and nd raising will rain the same.Voluntng & Community EngagtChaty FundraisingDeepening our relationships with our local charities has opened opportunities to provide staff with volunteering days throughout the year.We will continue our support to our local charities in our Redditch & Telford operations, providing the assistance they need.Our company fundraising efforts are towards Macmillan. In addition, we encourage employees to come forward if supporting their own causes.Fos onENHANCE COMMUNITIES30

2000+ MlsINTO OUR COMMUNITY VIA OUR 2 CHARITIES200+HOLIDAY THEMED CHOCOLATE SELECTIONSWITHIN 12 MONTHSWE HAVE DONATEDThroughout 2023 we continued to support Building Bridges (Friends of Isaac towards the end of 2023) & Telford Crisis Support, both organisations provide essential care in our local communities.All charities have witnessed an increase in demand as a result of living situations, therefore we have ensured we provide them the exact support they need, in most cases this year that was via food deliveries.East DonationChstmas DonationCHARITYPARTNERSHIPSSumm DonationENHANCE COMMUNITIES31

We have continued to support Macmillan Cancer Support as our chosen charity for all fund raising events this year.This included donations for visitors taking part in a game at an exhibition, holding coffee mornings and some staff took part in a regional football tournament to name just a few.Chaty footballChstmas Jump DayChaty MarathonEvt GameChaty Golf DaysOn Christmas Jumper Day & the Macmillan Coffee Morning in 2023 all operations came together to raise money and awareness for Macmillan Cancer Support and the remarkable work they do.FUNDRAISING EFFORTSCoff Morning FundraisingENHANCE COMMUNITIES32

To further our efforts to the local communities in which we operate our employees are encouraged to spend time volunteering to give back to our community.This can be through company organised volunteering days or where an employee has been able to support their own cause.Here our Fabrication Supervisor at Tamlex went into a local school for their Careers day and the Production Manager at Centaur was on hand during a DIY SOS project.COLLEGE ENGAGEMENTSAs a group of British manufacturers with nearly 200 years of manufacturing, we are passionate about our electrical industry. This is why we engage with colleges up and down the country in a multitude of different ways.This could be educational displays for workshops, visiting student open days or providing college open days. We also ran an apprentice open day where we invited local colleges and other apprentices from across the country to learn from a panel of industry experts, in addition we arranged a visit to them.VOLUNTEERING & COMMUNITY ENGAGEMENTENHANCE COMMUNITIES33

KPI Name Unit of Measure 2021 Result2022 Result2023 ResultTarget SDGsFriends of Isaac (Redditch) GBP (£) 0 650.0 750.0 750.0 2024Telford Crisis Support GBP (£) 0 650.0 750.0 750.0 2024CHARITYKPI Name Unit of Measure 2021 Result2022 Result2023 ResultTarget SDGsMacmillan Cancer Support GBP (£) 124.0 167.0 1409.8 >1500.0 2024Other Charities GBP (£) 169.7 500.0 383.0 - -FUNDRAISINGKPI Name Unit of Measure 2021 Result2022 Result2023 ResultTarget SDGsNumber of Display Boards Number 8 12 6 - -Number of Student Visitors Number - 8 20 - -Community Volunteering Hours - - 38 - -VOLUNTEERING & COMMUNITY ENGAGEMENTENHANCE COMMUNITIESTowards the end of 2023 Building Bridges closed therefore we started to work with Friends of IsaacENHANCE COMMUNITIES KPIs34

GOVERNANCEWe are committed to supporting all its departments with regards to Business ethics and we cover a wide range of topics including child and forced labour, bullying and harassment, anti-bribery and information security.We aim to make sure that our ploys are aware of and are following guidin rating to hical issu. Information SetyCorruption & Bby Child & Ford LabourAs a company all staff that are required to are trained on various information security topics regularly. We follow the Bribery Act 2010 and keep a log to ensure that no corruption or bribery takes place within our workforce. We do not tolerate any child or forced labour throughout our company or our supply chain. Fos onGOVERNANCE35

Our operations require all employees or 3rd party suppliers acting on our behalf to operate within the guidance of our Anti-Bribery & Corruption Policy. Our Policy covers but is not limited to gifts, hospitality or other forms of bribery and corruption. All employees are required to acknowledge their understanding of this policy and bribery is tracked on a monthly basis.Anti-corruption & bribery training has begun is to be rolled out across the company.TARGET 2024All new starters carry out cyber security training as part of their on-boarding process within the business. Repeat training will be rolled out to all applicable employees within the business in 2024/25. Example courses below:• Safe Web Browsing• Business Conduct Series: PCI DSS• Clean Desk Policy - What You Need to Know6AllRevantEmploysCouCou comple202312CouCORRUPTION & BRIBERYCHILD & FORCED LABOURINFORMATION SECURITYData protection and handling is approached with the utmost importance. GDPR notices are on display around the Businesses and a GDPR course has been completed by 33% of employees. Confidential paperwork is destructed in the correct manor. In addition, all offices have paper shredding capabilities if needed.GOVERNANCEWe ask that all people across our operation follow our Anti-Slavery & Human Trafficking Policy. We also make sure that our staff are aware of this issue, and they know to report any issues to their managers so we are able to track this data.We also audit our overseas suppliers to ensure that there is no child or forced labour taking place in our supply chain. In addition, we are going to be rolling out training on Modern Slavery to further educate our staff on this subject. AllRevantEmploys36

KPI Name Unit of Measure 2021 Result2022 Result2023 ResultTarget SDGsEmployees Trained on Anti-Corruption & Bribery Number 0 0 2 50 2024Whistle-blowing Cases Number 0 0 0 0 2024Confirmed Corruption Incidents Number 0 0 0 0 2024CORRUPTION & BRIBERYKPI Name Unit of Measure 2021 Result2022 Result2023 ResultTarget SDGsEmployees Trained on Information Security Number 0 64 74 - -Confirmed Information Security Incidents Number 0 0 0 0 2024INFORMATION SECURITYKPI Name Unit of Measure 2021 Result2022 Result2023 ResultTarget SDGsEmployees Trained on Modern Slavery Number 0 0 2 50 2024Confirmed Child Labour Cases Number 0 0 0 0 2024Confirmed Forced Labour Cases Number 0 0 0 0 2024CHILD & FORCED LABOURGOVERNANCEGOVERNANCE KPIs37

EndotsSeismicSUSTAINABLEPARTNERSHIPSTo ensure we achieve the best in class results and to further highlight our commitment to sustainability and social values we have chosen to partner with industry leading organisations to join us on our journey. These globally recognised companies will help guide, govern, educate and certify our business’s impact within this field. As well as ensuring we conduct activities in-line with global standards in a measurable way. These companies include:SUSTAINABLE PARTNERSHIPSWe are committed to the reporting framework and methodology of:38

WE AIM TO EDUCATE OUR EMPLOYEES AND CREATE A SUSTAINABLE CULTURE THROUGHOUT THE OPERATIONS WHILE WORKING TOGETHER TOWARDS A COMMON2023 has seen a number of achievements including our bronze EcoVadis award, a further drop in carbon footprint from Planet Mark, a significant reduction in single use plastic and the development of in-house PVCu regrinding machinery. As we move into 2024 and beyond, our focus on our impact remains unchanged and our commitment only greater. We aim to develop a best in class SSV strategy in-line with our industry leading and globally recognised partnerships to ensure we progress in an impactful and measured way. WHAT’S NEXTON OUR JOURNEYFurther reduce our carbon footprint contribution, working towards net zero for 2040Improve on our EcoVadis score from 2023Continue our charity partnershipsDevelop a sustainable mindset throughout our valued supply chainGOALWork towards achieving B Corp certification in 2025Provide training to continually nurture our workforce including areas such as SSVWHAT’S NEXT39

Sustainable Performance Data within this document has been collated and presented in a consolidated format for our group. The basis on which this data is measured and calculated are defined below:SUSTAINABILITY PERFORMANCE DATA ACCOUNTING POLICIESWaste to Landfill (tonnes) The weight of waste produced at each business that is sent to landfill is reported by our 3rd party waste management providers. Only waste produced by our UK businesses are reported.Recycled Waste (tonnes)The weight of waste produced at each business that is recycled is reported by our 3rd party waste management providers. Only recycled waste produced by our UK businesses are reported.Waste Efficiency (%)The percentage of waste recycled against our total waste produced.EmissionsScope 1 emissions include gas and fuel from our fleet, whilst Scope 2 is the electricity used at our UK manufacturing and distribution sites based on meter readings. Scope 3 WTT (Well to Tank) & T&D (Transmission & Distribution).tCO2e Footprint (tonnes)Total CO2 emissions generated through combustion of gas and use of purchased electricity of the UK manufacturing and distribution sites based on energy consumption data and CO2 conversion.Water ConsumptionTotal water consumption at our UK manufacturing and distribution sites based on meter readings.Recycled Packaging ContentMinimum percentage of recycled material used within our product packaging for all businesses based on data provided by 3rd party suppliers.Injury Rate with AbsenceTotal number of occupational injuries per one million working hours. An occupational injury is the result of at least one day’s absence following the day of injury. Data collated from all UK manufacturing and distribution sites for the year.Number of Apprentice / Management TraineesTotal number of personnel during the year carrying out either an apprenticeship or employed as a Management Trainee.Number of Suppliers AuditedTotal number of key 3rd party suppliers audited throughout the year. Note, key 3rd party suppliers are those that provide raw materials and products to our businesses.Number of Suppliers Evaluated and EngagedTotal number of key 3rd party suppliers evaluated and engaged with throughout the year. Note, key 3rd party suppliers are those that provide raw materials, products and services to our businesses. Percentage of Female Employees Total number of female employees at the end of December.ACCOUNTING POLICIES40

Management TeamManaging Director | Group Manager | Head of SSVBusiness Management TeamsBusiness Manager | Assistant Manager | Production Manager | SupervisorFactory PersonnelResponsible for personal health and safety at work whilst working towards the companies sustainability targets.Monitor each individual operation and sustainability targets. Submit data to the management team for year end sustainability reporting.Set out commitments for the year and approves sustainability performance targets.SUSTAINABILITYOUR GOVERNANCEOUR GOVERNANCE41

Issue 3M2 Electrical01527 520678sales@m2electrical.co.ukwww.m2electrical.co.ukProteus Consumer01527 517117cons@proteusswitchgear.co.ukProteus Industrial01952 292001ind@proteusswitchgear.co.ukwww.proteusswitchgear.co.ukTamlex01952 586689sales@tamlex.co.ukwww.tamlex.co.ukCentaur01527 528049sales@centaurmfg.co.ukwww.centaurmfg.co.ukCENTAUR