Sustainability

We upgraded our Speak Up policy in FY2022. Our Speak Up policy framework is communicated to all employees in local languages. We continue to partner with NAVEX EthicsPoint to provide an independent incident response and reporting solution that is accessible 24/7. We have implemented this across the Group, providing access and information in 12 local languages. Reports can be made anonymously by anyone, including customers, suppliers and, of course, our employees. Reports are confidential and are handled independently by EthicsPoint, who submits the reports to nominated Volex executives. Our Speak Up policy is available on our website and contains five principles, including a commitment to non-retaliation. In FY2026, we had 376 cases of which 97% came from within our most recent acquisition, our Murat Ticaret business. With the oversight of the Audit Committee in FY2026 we reviewed the categorisation of these Speak Up complaints and established three severity categories (high, medium, low). Only four Speak Up reports were categorised as either high or medium severity. All cases are reviewed by nominated Executives and the Board’s Audit Committee are updated periodically.

As a Group, we prohibit any form of bribery and corruption. We have a clear policy on anti-bribery and anti-corruption, which has been reviewed and approved by the Board, covering all elements of our workforce. This policy is available on our website. Our commitment is also enshrined within the Group’s Code of Conduct. Each year, all eligible employees are required to undertake comprehensive e-learning programmes on topics including anti-bribery and anticorruption. In FY2026, 2,327 employees completed this training programme (FY2025: 589 employees). Eligible employees include those in sales, procurement and other management and administrative functions. The number of employees disciplined or dismissed due to non-compliance with the anti-bribery and anti-corruption policy was one in FY2026 (FY2025: zero).

Within our direct operations and across our supply chain we fully support the principles for human rights established and recognised by the international community and those enshrined within the UK’s Modern Slavery Act 2015. We strictly prohibit the use of forced labour. Since FY2024, we have provided nominated employees with e-learning training focused on human trafficking and modern slavery risks within our own workforce and across our supply chain. In FY2026, 1,820 employees completed this training.

As a business operating within the electronics industry, we comply with the requirements of the RBA (Responsible Business Alliance) and our largest sites are regularly independently audited under this framework. Our largest plant located in Batam, Indonesia and both our China facilities are both rated as Silver. The RBA’s framework aligns to the UN’s Guiding Principles on Business and Human Rights and is derived from and respects international standards, including the ILO Declaration on Fundamental Principles and Rights at Work and the UN’s Universal Declaration of Human Rights. Each year we publish our annual Modern Slavery Statement. This is reviewed and approved by our Board of Directors. Our Modern Slavery Statement is available on our website. Our human rights policy, established in FY2025, has been reviewed and approved by the Board and it is available on our website.

The Company has a robust information systems, technology and cybersecurity framework. Business Continuity Principles are in place across the Company and are subject to regular testing. Our IT User Code of Conduct is communicated in local languages to all employees. We have a framework of e-learning training programmes and we require all IT-enabled users to complete both monthly and annual e-learning activities. In FY2026, 1,510 colleagues completed the monthly bite-sized cybersecurity training and in FY2026, 4,387 employees completed the annual e-learning training requirements.

All of our sites operate ISO 9001 certification with many going further and gaining industry-specific quality management certifications, including IATF 16949, ISO 13485, TL 9000, AS 9100D. Each of these standards drives a series of independent verification audits ensuring that our quality management approach remains robust. Quality excellence is a central focus for our global Volex Excellence System, which drives the principles of manufacturing excellence across all our sites. Through a relentless focus on kaizen, all sites report on, and share, their kaizen activities on a weekly basis. We have annual programmes to encourage, celebrate and recognise site excellence both at a team and site level. Our management system reviews many aspects of our quality performance on a monthly basis, focusing both on internal and external defect rates, delivery performances and levels of customer satisfaction through our customer scorecard methodology.

Volex has a dedicated policy addressing Environmental Management within our business, which was published in FY2024 and, in FY2025, we defined minimum sustainability standards for all sites to achieve. Our commitment to sound environmental stewardship is enshrined within the Group’s Code of Conduct, which has Board approval and oversight through the Safety, Environmental and Sustainability Committee. We are committed to minimising the impact of our business on the local environment in which we operate. In FY2023, we strengthened the alignment of our sustainability strategy to the United Nations Sustainable Development Goals to ensure that, as we develop our strategy, we are clear on how our efforts align with the wider sustainability agenda.

We operate a governance structure that periodically reports into our Board, ensuring that responsibilities and accountabilities for delivering on our commitments in sustainability are properly cascaded into our regional management teams, who are best placed to drive the improvement activities within their regions.

A key element of our environmental policy is to ensure that all our factories have an environmental management system that is accredited to international standard ISO 14001:2015. 74% of our global workforce currently works in a factory which is ISO 14001 certified. Compliance is ensured through our internal audit process, together with regular external independent audit assessments. We did not receive any environmental fines or penalties in the period FY2023 to FY2026.