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"Steps taken to ensure modern slavery is not taking place in our organisation or supply chains include the following:

We have a robust recruitment and onboarding process with multiple checks built in to ensure all individuals employed by BlackRock have the right to work in the UK, are paid a fair salary in compliance with all relevant rules and regulations, and are not subjected to human trafficking or forced labour.

Further, we maintain a reputation for conducting our business activities in the highest ethical and professional manner. All employees are expected to comply with BlackRock’s Code of Business Conduct and Ethics which sets out basic principles designed to guide our employees, officers and directors. All employees, officers, and directors must conduct themselves in accordance with this Code and seek to avoid even the appearance of improper behaviour. Our employees have a personal responsibility to immediately report illegal or unethical behaviour and a free confidential phone number is readily available on the intranet homepage to allow them to easily do so.

We pride ourselves on our reputation for conducting our business activities in the highest ethical and professional manner and we expect our suppliers to adhere to these same standards and principles. BlackRock has in place a Supplier Code of Conduct & Ethics, updated in 2021, which details our expectations of our suppliers in relation to human rights, inclusion & diversity, environmental sustainability and ethics. Please see link below: https://www.blackrock.com/corporate/literature/publication/blackrocksupplier-code-of-conduct-and-ethics.pdf

All new suppliers are required to confirm they abide by our Supplier Code of Conduct & Ethics prior to working with BlackRock. In addition, Blackrock contract templates require suppliers comply with all applicable laws and regulations in the conduct of their business, including modern slavery and notify BlackRock immediately if there have been any potential or confirmed offences relating to human trafficking and/or slavery and required to act quickly to take corrective actions, as appropriate."