REDWOOD BANK LIMITED

Policies described

Freedom of workers to terminate employment Prohibits any threat of violence, harassment and intimidation Prohibits the use of worker-paid recruitment fees Prohibits compulsory overtime Prohibits child labour Prohibits discrimination

Training described

Your whole organisation Your front line staff Human resources Executive-level staff Procurement staff

Worker engagement and working conditions

Your suppliers Workers within your organisation

Grievance mechanisms

Using anonymous whistleblowing services, such as a helpline or mobile phone app

Other monitoring

Due diligence is conducted on suppliers for modern slavery and human trafficking risks at onboarding and at regular trigger points throughout the lifecycle of the contracts.

Demonstrated progress

In 2025, we enhanced our oversight into supply chain modern risks through Hellios FSQS and manual due diligence; KPIs were developed and reported through to Board. A new Speak Up Champion was onboarded to support colleagues report any concerns confidentially.

Reported risks and mitigations

• Risk: Supplier and outsourced service provider risk – exposure to modern slavery risk primarily arises through its reliance on third‑party suppliers and outsourced service providers.
• Area: Within your supply chains
• Tier: Tier 1 suppliers Tier 2 suppliers Tier 3 suppliers and below
• Group: Women Migrants Refugees
• Location: United Kingdom
• Mitigation: Our suppliers are generally UK based - we conduct due diligence and risk assessments to provide assurance we are operating in line with our internal policies and legislation
• Risk: Recruitment and workforce screening risk – risk that inadequate recruitment checks could allow labour exploitation or right-to-work issues to go unidentified.
• Area: Within your own operations
• Group: Women Migrants Other vulnerable groups
• Mitigation: Risk of labour exploitation or right-to-work issues within recruitment, managed through independent pre-employment screening, identity checks, right-to-work verification, references and mandatory training.
• Risk: Customer onboarding and KYC Risk - risk that the Bank establishes relationships with customer linked to modern slavery risk goes unidentified.
• Group: Women Migrants Refugees Children
• Mitigation: This is mitigated through the Bank's robust KYC Framework.