SUSTAINABILITY REPORT CONTINUED
Our policies Policy
Comment
Anti-Bribery & Corruption Policy
■ The Group has a zero tolerance approach to bribery and corruption matters. This is supported by our policy, translated into all of the Group’s predominant languages, and our mandatory global training programme for employees. ■ The Board adopted its first Diversity Policy in May 2021 and updated it in March 2025, revising its targets to align with the current size and composition of the Board whilst maintaining its commitment to diverse representation. ■ discoverIE is committed to strong ethical values and good corporate practice, and aims to conduct its operations on sound business principles with trust, honesty and integrity. This Policy defines the standards we expect from employees and business partners. ■ This Policy seeks to ensure that none of the Group’s operations are exposed to sourcing conflict minerals anywhere in its operations.
Sustainability governance The Board has overall responsibility for overseeing our approach to sustainability and has delegated detailed consideration of sustainability strategy, policies and performance to the Sustainability Committee. The Committee monitors practices and performance throughout the organisation. This is supported by our wider governance structure, as outlined in the diagram below.
Board Diversity Policy
Business Ethics Policy
The Board Ultimate responsibility for all Group operations, including sustainability
Conflict Minerals Policy Environmental Policy Human Rights Policy
■ This Policy defines the Group’s environmental objectives and standards.
■ Respect for the well-being of all people, staff, customers, suppliers and other stakeholders alike is at the core of who we are and how we work. Treating people fairly, with dignity and respect is essential to our long-term success. This Policy sets out the Group’s expectations on the fair and respectful treatment of people. ■ discoverIE is committed to ensuring that no forms of modern slavery exist in its business operations or supply chains. This statement sets out the steps taken to prevent modern slavery within the Group’s operations and supply chain. ■ This Code defines the Group’s basic requirements of suppliers, including their responsibilities to their stakeholders and the environment.
Group Management Committee
Remuneration Committee
Sustainability Committee
Audit & Risk Committee
Modern Slavery Statement
Supplier Code of Conduct
Sustainability Policy
■ This Policy sets out the Group’s commitment and priorities on environmental and social matters considered important for the Group’s long-term sustainability.
Risk & Internal Audit functions
Group Sustainability Team
Divisional Management
Group Tax Strategy
■ This Policy sets out the Group’s approach to minimising our exposure to material tax risk, ensuring that tax affairs are managed efficiently, complying with tax laws in all jurisdictions and avoiding aggressive tax planning. ■ The Group encourages a “speak up” culture at all levels, if any kind of risk exists or wrongdoing has occurred. This Policy supports this culture and provides a secure and confidential reporting mechanism, including a hotline to an independent third-party that has been made available and advertised to staff at all Group locations. ■ This Policy defines the Group’s approach to engaging with all stakeholders appropriately and equitably.
Whistleblowing Policy
Operating Company Management
Key
Stakeholder Engagement Policy
Reporting line Collaboration
The Board’s knowledge, expertise and skills in sustainability matters are assessed regularly as part of a broader external Board evaluation process. The Board is supported by the GST, which comprises members with sustainability, finance, legal and operations expertise. The GST works closely with the Group’s auditors and other specialist sustainability advisors to ensure that the GST has the necessary skills to drive sustainability across the Group and support the operating businesses in the identification of sustainability-related risks and opportunities and the implementation of the Group’s sustainability strategy. The GST works closely with the Group Risk and Internal Audit and Group Finance teams to identify, assess and address sustainability-related risks and opportunities, including climate and social issues. These risks are incorporated into our Group-wide risk management processes along with all other organisational risks and opportunities. The Board oversees sustainability-related risks and opportunities that are financially material to the Group as part of this process.
In line with the Group’s decentralised structure, sustainability topics are managed at the operating business level. Local management teams report to their respective business unit directors, who report to the GMC. Sustainability-related decisions are also taken at the operating company level, by managers best placed to understand their business. Financial resources to meet any requirements arising from these decisions are made available to the businesses through the Group’s standard financial forecasting and budget cycles, and capital expenditure released through the normal approval channels. The GST maintains day-to-day oversight of sustainability- related risks and opportunities through regular reports received from the operating businesses, and management updates received from business unit directors. These reports are used to drive consistency, coherence and best practice across the Group, and to consolidate Group performance, which is then reported to the GMC and the Sustainability Committee. The Sustainability Committee met in May and November 2025, and in March 2026, and received detailed updates from the GST at each meeting.
The Sustainability Committee is supported by the Group Sustainability Team (“GST”), which reports to both the Committee and Group Management Committee (“GMC”). The GST consolidates sustainability data across the Group, reports performance and supports operating businesses in managing their key sustainability risks and priorities. The responsibilities of the Committee are supported by our policies that define the standards expected across the Group and underpin the culture we expect in managing sustainability matters. These can be found on our website at www.discoverieplc.com/sustainability/company-policies.
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discoverIE Group plc Innovative Electronics
Annual Report and Accounts for the year ended 31 March 2026
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