OCS UK&I ESG Strategy

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UK&I ESG Strategy / 2025 / Page 7

ESG governance

ESG risk management

ESG itself, including the key issue of climate change, is considered one

of the Company’s principal risks. This reflects the continued growth

in importance of ESG and its role in the Company’s growth ambitions.

ESG risk is managed as part of the Company’s Enterprise Risk

Management (ERM) framework.

This follows a bottom-up approach, starting at the lowest market/

sector level by local management teams. Risks are then consolidated

at a regional level with reviews and challenges by regional executive

teams. Finally, risks are consolidated and considered at Group level.

Climate risk

In early 2024, we conducted a climate risk scenario assessment with

our insurers to identify risks and opportunities associated with climate

change, as part of our TCFD compliance. This enabled us to identify

potential impacts and implement appropriate measures.

Results and more information can be found on pages 20-28 in

our 2023 OCS Topco Annual Report and Accounts.

Reporting and assurance

OCS UK&I report on scopes 1-3 emissions which are externally

validated by Achilles. We also hold several certifications and

accreditations including ISO 14001 and ISO 50001.

ESG strategy governance

ESG strategy and targets will be reviewed by the UK&I ESG Committee

and UK&I Executive Committee every two years to ensure they remain

relevant and applicable in this ever-changing landscape. Performance

against the strategy and targets will be continuously monitored

throughout the year.

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