Pg. 6

“Under the Supplier Code of Conduct, HSBC reserves the right to review suppliers’ policies, procedures or any other documents related to compliance with the Supplier Code of Conduct. In some cases, HSBC may require an on-line or onsite audit of a supplier.”

Pg. 7

“We extended a supplier due diligence programme, previously piloted in the UAE by our MENAT team, across Egypt and Türkiye. The approach includes a risk assessment based on a desk-top review informed by a self-assessment questionnaire, after which several suppliers are selected for an on-site audit.”

pg. 8

“Our Supplier Code of Conduct (see Section 2, above) gives us the right to conduct audits and to request evidence of due diligence processes in respect of any of the issues covered, including Modern Slavery. With the launch of the revised Supplier Code of Conduct, we expect to be able to strengthen our collaboration with suppliers to help support continual improvement in respecting human rights.”