McLarens Modern Slavery Statement

McLarens Modern Slavery Statement: Financial Year 2025/2026

This statement has been published in accordance with the requirements of the Modern Slavery Act 2015 and sets out the steps taken by MYI Limited (the “Company” or McLarens) to prevent Modern Slavery and Human Trafficking happening within our business and by our external contractors and suppliers. We review this statement annually.

This statement extends to all our wholly and majority owned entities within the McLarens Group. McLarens recognises the importance of investing responsibly, with sensitivity to environmental and social concerns, this includes avoiding investing in businesses that are known to utilise child or forced labour or maintain unlawful discriminatory employment policies.

Introduction

The Company recognises that Modern Slavery is present in the modern world and is an issue which is increasing, and which is global.  McLarens and its employees, together with those who work with and on behalf of the Company, have a responsibility to ensure no form of Slavery or Human Trafficking exists whether within our business or within those companies with whom we choose to partner.

This statement sets out the Company’s commitment to preventing slavery and human trafficking in our business activities and the steps we have put in place with the aim of ensuring that there is no slavery or human trafficking in our own business or in those of our external contractors and suppliers. We all have a duty to be alert to risks, however small. Staff are expected to report their concerns and management are expected to act on them.

Our Business 

The Company is a global loss adjusting company, handling claims and managing other risks operating worldwide and has around 2,500 employees.

We will ensure that the way in which we purchase goods, services and facilities and choose our business partners reflects our commitment to equality, diversity and our ethical   trading values including the prevention of Slavery and Human Trafficking.

Policies and Controls

In recruitment McLarens has global and region-specific recruitment policies in place to help ensure that:

• All recruitment decisions are consistent with our global values.
• The process is consistently and fairly applied.
• We act in accordance with the principles in these policies listed below.

Our recruitment system has formal approval processes to ensure our policies and procedures are correctly followed. This includes verifying candidates’ identity and evidence to confirm their right to work status and generating contracts that comply with these policies and procedures. We ensure we pay our employees at least the minimum wage in all countries where such laws exist.

We also ensure that we comply with employment legislation in every jurisdiction that we operate in – and where a country has implemented laws in relation to the right to disconnect, we will respect those rights, within the confines of the roles our employees occupy.

The Company already has several policies and procedures in place designed to ensure that our business, and businesses with which it contracts, are managed ethically and in accordance with all applicable laws. These include polices relating to: Anti-Bribery and Corruption, Anti-Money Laundering, Sanctions, Health & Safety, Data Privacy, a Business Code of Conduct, Ethics policy and Whistleblowing. All employees complete online training courses on Anti-Bribery and Anti-Money Laundering annually and are required to sign an annual compliance certificate confirming that they comply with all global policies.

Further, this statement sets out our expectation that our suppliers shall ensure that they do not condone, nor are they involved with, Slavery or Human Trafficking in any form. This also applies to any third-party supplier that is used in providing services or products indirectly to the Company

Training and Awareness

Raising staff awareness of the Modern Slavery Act is integral to maintaining our standards of expected behaviours.

The Company will ensure that:

• Our staff are aware of the Modern Slavery Act; and
• Staff are aware of what they should do if they suspect a case of Slavery or Human Trafficking and that they can use the Whistleblowing Policy to report concerns.

Suppliers

Our supply chain includes, but is not limited to:

• Goods and service providers / suppliers.
• Contractors involved in the provision of service for or on behalf of McLarens, and
• Contractors involved in the reinstatement of insurance related repair.

We expect our suppliers and potential suppliers to aim for high ethical standards and to operate in an ethical, legally compliant, and professional manner by adhering to our supplier expectations. We also expect our suppliers to promote similar standards in their own supply chain.

All third-party suppliers undergo an initial and annual assessment which includes questions on their modern slavery policies, their employment practises and other areas such as ESG. All suppliers also have to comply with our Supplier Code of Conduct.

If we find evidence of a failure to comply with our policies, we will immediately seek to terminate our relationship with the relevant supplier. McLarens will not enter into a business arrangement with any organisations which do not acknowledge the human rights of their workers. Neither will we accept arrangements or processes that breach, or which may breach, the human rights of those affected by McLarens or its supply chain’s activities

Further actions

Following our review of our actions this financial year to prevent slavery or human trafficking from occurring in our business or supply chains, we intend to take the following further steps to tackle slavery and human trafficking:

• Continue annual review, and ongoing enhancement of, our existing policies.
• Continue to review and update supplier contracts to reinforce our requirements on the prevention of slavery and human trafficking in our supply chain.
• Further enhance our training offering for all colleagues by developing and rolling out an e-learning module on Modern Slavery.
• Enhance our supplier onboarding and annual declaration process in line with development of our ESG program.

Risk Assessments

We continually assess our exposure and potential exposure to risks and have a control and reporting framework to communicate issues. This includes an assessment of the risk of our operations utilising or being complicit in slavery and trafficking activities. We have assessed that this risk is low.

This statement is made pursuant to Section 54(1) of the Modern Slavery Act 2015 and constitutes our Group’s Slavery and Human Trafficking Statement for the financial year 2025/2026.

This statement also covers the obligations of our companies in Australia, Canada, USA, France, and the Netherlands. Where separate statements are required, these will also be published.

Approved on behalf of: –
The McLarens Group of Companies
Liz Tubb, Group General Counsel/ Global Head Regulatory Compliance