Section 172 of the Companies Act 2006 requires Directors to take into consideration the interests of stakeholders and other matters in their decision-making. We believe we have a history of collaborative, informative stakeholder engagement and decision making based on long-term success, and we maintain governance structures and processes that support good decision-making. This section articulates how the Directors have acted to promote the success of the Group for the benefit of its stakeholders. In meeting this responsibility, the Directors have had regard, amongst other matters, to:

a) the likely consequences of any decisions in the long term;
b) the interests of the Group’s colleagues;
c) the need to foster the Group’s business relationships with suppliers, customers and others;
d) the impact of the Group’s operations on the community and environment;
e) the Group’s reputation for high standards of business conduct; and
f) the need to act fairly as between members of the Group