RAYWARE ESG STRATEGY

SUPPLY CHAIN ASSESSMENT Rayware values the relationships that it has with its suppliers. As part of our ESG goals we plan to standardize our procurement procedures to ensure that any suppliers that we are looking to do business with, can meet our expectations in relation to the three ESG categories; Environmental, Social and Governance. Ongoing compliance is also just as important. We want to set up processes to audit and review our key suppliers annually, helping us to monitor their progress and to assure that our high standards continue to be met.

DATA PRIVACY AND SECURITY Over the past year, Rayware’s IT team have worked hard to make our data security polices and procedures as robust as possible. This has been possible due to upgrades across our infrastructure as well as increasing awareness of cyber risks amongst employees through internal communications and training. Due to the ongoing threat of cyber-attacks and fast developments in technology, our team will continue to review and improve upon our data security practises. ESG FINANCIAL RISK MODEL Part of our strategy is to build on existing risk management practices by using Financial Risk Modeling. This will help us to predict changes in financial markets and mitigate any potentially damaging and costly ESG incidents.

GOVERNANCE In order to deliver long-term success, we follow robust policies and procedures across the business. This includes risk assessments, internal and external audits and inspections as well as setting high standards to ensure compliance with legislation. Communication We believe that effective communication works both ways. As well as having the employee forum for staff to raise any suggestions or issues, Rayware’s Executive Team holds regular strategy update sessions with the whole workforce to guarantee alignment across all teams with the overall business goals.

SUPPLIER CODE OF CONDUCT AND BEHAVIOUR STANDARDS

As part of the supply chain assessment piece, we also plan to review and strengthen our Supplier Code of Conduct and supporting documents. This will help us to improve transparency of best practice across a number of different areas and further strengthen our supply chain governance.

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CONCLUSION Rayware are proud of the achievements that we have made so far in relation to ESG however we are eager to continue on our journey towards sustainability and are keen to make the relevant changes required in order to meet our goals. With complete faith in our talented teams, we are looking forward to providing regular updates to our stakeholders of our progress.

KEY FOCUS AREAS Supply chain assessment and ongoing compliance Supplier code of conduct and behavior standards Data privacy and protection ESG Financial Risk Model