pg. 5-6

"HSBC has had an Ethical and Environmental Code of Conduct for Suppliers of Goods and Services (our Supplier Code of Conduct) in place since 2005. The Supplier Code of Conduct was refreshed in 2022 to include the following new minimum requirements that suppliers:

¡ allow workers, whether local or migrant, to leave employment when they choose;

¡ ensure employees are not charged recruitment fees; and

¡ provide facilities and information to workers to assist with agreements and negotiations on conditions of employment. The new requirements complement the existing requirements that suppliers:

¡ avoid causing or contributing to adverse human rights impacts and address any when they occur;

¡ meet or exceed the standards required by applicable legislation relating to employment and labour;

¡ do not employ children, prohibit the use of child labour in their operations and supply chain and take immediate and

effective measures to stop child labour;

¡ prohibit the use of all types of slavery, forced labour and human trafficking within their operations and their supply chain;

¡ ensure that wages meet legal requirements and industry standards without unauthorised deductions;

¡ ensure that working hours are in accordance with local regulation and industry practice and that voluntary overtime

is at a manageable level;

¡ if permitted by law, do not prevent workers from organising and joining associations such as labour or trade unions;

¡ protect the rights of temporary workers;

¡ provide safe working conditions where issues, incidents and non-compliance are identified and addressed; and