ESG Policy

The Managing Director has overall responsibility for the effective implementation of this policy. They may of course delegate the various responsibilities under this policy to others, but overall responsibility remains with the Managing Director.

This policy will reviewed annually by the board of directors of Renthall UK Ltd and changes may be made. Renthall UK welcomes any suggestions from employees.

Renthall UK strives to build sustainable, equitable, healthy, and diverse communities through a combination of:

2.1 Honesty

We should always strive to be honest and ethical in all our business practices.

2.2 Quality

We should have a focus on quality in both products and services but also internal processes.

2.3 Innovation

We must strive to establish and maintain innovative business practices.

We are committed to driving down our energy and carbon impacts, as we believe that climate change is one of the greatest risks to our world. Our sustainability program is committed to environmentally sustainable initiatives that deliver near-term efficiency, value, and health for our business, our people, and the wider community.

We seek to comply with current environmental legislation and work to minimise the impact of our activities on the environment.

Our focus is to improve further our relationships with our key stakeholders by investing in our employees and partnering with our customers, communities, and suppliers.

We are committed to engaging with our employees to provide a challenging, dynamic, inclusive and diverse work environment that supports their professional development.

We will support initiatives that benefit the environment, human welfare and education.

We will engage employees, suppliers, customers around health and safety.

We will preserve and promote the protection of human rights and welfare within our own business activities, as well as those of our supply chain.

The ethical and practical values that make up the different parts of ESG have always been part of what we as a company stand for, but it has not been written down in a formal document. With the growth of a need for formal ESG policies and the increased awareness of these factors among our key stakeholders such as our customers and banks we have formalised these policies herein.

We have an obligation to our customers to offer them the best products and services.

Customers are at the heart of our business, and without these partnerships our business wouldn’t exist. Part of that commitment to customers is about responding to their needs, hearing their concerns and committing ourselves to customer satisfaction.

“The best customers are those we already have.” To maintain these is crucial and they should see us as partners in their own enterprise. In turn, those customers reward us with their continued business, and building and maintaining our world-class reputation.

Customers expect more and more that we have a formal ESG strategy and hence we shall provide this both in writing and in action.

7.1 Environmental

We all have a role to play in reducing carbon emissions by consider the choices we make and the environmental impact. For instance: When travelling, are there more environmentally friendly options to take?

• Can some meetings be done remotely instead of travelling?
• Think before you print
• Does the office have recycling and energy saving measures such as sorting waste, LED lighting, etc.

7.2 Social

Building a diverse and inclusive workforce where everyone feels valued is everyone’s responsibility. Understanding our role in bringing people together is critical to our success as a business. From hiring the best talent to encouraging all staff to thrive, we want a workplace where people proactively work to be the best. We can help by:

• Challenging and reporting discriminatory or offensive behaviour
• Understanding our policy on discrimination
• Leading by example in our work

Our business does not operate in isolation; almost no company does. A workforce health and safety incident, labour dispute or allegation of corruption can have serious impacts on stakeholders up and down the value chain. The value chain matters, and it is connected. Customers are increasingly voting with their feet and putting pressure on companies to act with ethical decisions in mind.

Ethical procurement gets to the heart of the value chain. When we consider the entire value chain, from raw material supplier to end use customer, we can better understand the needs and impacts of our business’s decisions within those relationships. Ethical procurement within the context of ESG means paying attention to the carbon impacts of a supplier, and the labour practises of an end-user.

Considering these impacts doesn’t always mean refusing to work with someone in the value chain where there are concerns. Sometimes suppliers are limited, and customers have every right to access our services. It’s about understanding the risks within each relationship and taking concerted action to reduce those risks.

For example, if there are concerns about a supplier’s labour practises, we can ensure clauses are inserted into contracts to maintain an adequate standard of employment for those working for the supplier. This can help actively change labour practises, as opposed to simply refusing to work with a supplier. Or when working with a logistics provider, we might ask for emissions reporting so we can then offset the carbon used.

9.1 Risk group asessments

Undertake risk assessment of the value chain in order to identify key vulnerabilities based on supplier and customer needs.

9.2 Real-time tracking

Real-time tracking and traceability over suppliers and movements of goods and services.

9.3 Screening, risk-ranking & monitoring

ESG due diligence on suppliers to evaluate and rank them based on their ESG profile and track record, and monitoring for ESG breaches.

9.4 Investigations

Investigate ESG incidents that take place in the value chain, have remediation plans ready and manage financial and reputational damage.

9.5 Incident response management

Build robust internal governance frameworks to respond to ESG issues in the value chain.

We seek to proactively prevent and mitigate instances of non-compliance with this ESG policy.

Any breaches or concerns, including ethical concerns or potential breaches in our commitment to high ethical standards should be reported as soon as possible.