GOVERNANCE

A robust governance framework underpins our ESG strategy, supporting accountability, integrity and transparency across the business.

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STRUCTURE & MANAGEMENT

Reiss has implemented a governance framework along with associated policies and processes to embed ESG across its business operations.

Our commitments are to:

- Provide a robust structure to ensure accountability and oversight of the ESG strategy.

- Incorporate ESG risks and opportunities in annual risk assessment processes.

STRUCTURE

The ESG Steering Committee has oversight of ESG related matters. ESG is led by the CFO, who reports to the Reiss Board of Directors and chairs the quarterly ESG Steering Group. The programme is delivered by the Reiss ESG team, supported by the Next plc Code of Practice and Sustainability teams alongside departmental leads across the business.

REISS ESG Governance Structure

ESG RISK ASSESSMENT

We have assessed our ESG Risks using the Landmark Risk Horizons tool, which is based on the Sustainable Accounting Standards Board Methodology. Risk Horizons uses industry sector and countries of operation, providing a high-level risk profile which we use as a basis for developing our ESG programmes and targets and which informs our due diligence approach.

Using this methodology, our top five salient combined risks in order of priority have been identified as (1) Labour Practices (2) Materials Sourcing (3) Supply Chain Management (4) Child Labour (5) Product Quality and Safety. Our top 5 geographical regions, when mapped against volume of Reiss orders, are (1) China (2) Turkey (3) India (4) Vietnam (5) Italy.

STAKEHOLDERS

As we develop our ESG Roadmap, Reiss is identifying and engaging both formally and informally with internal and external stakeholders. Our stakeholders provide insights and perspectives which contribute to the identification and mitigation of ESG risks, as well as valuable support and challenge.

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BUSINESS ETHICS

Reiss strives to build a culture of integrity across its business and takes a zero-tolerance approach to bribery and corruption. Reiss upholds all applicable laws relevant to countering bribery and corruption.

Our commitment is to:

- Eliminate bribery corruption in all its forms and take steps to ensure that employees, suppliers and contractors are aware of their responsibilities and Reiss policies.

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SECURITY

Information security, physical security and data protection are key elements of our ESG approach, enabling us to safeguard our operations, customers, and reputation while fulfilling wider social and environmental obligations. Everyone at Reiss has a role to play in protecting our security.

Our commitments are to:

- Maintain a strong security culture as an essential part of our defence against potential breaches of security.

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