Presented below are the Modern Slavery Statement, the UK Tax Statement, and the UK Gender Pay Gap Report.
UNITED KINGDOM MODERN SLAVERY ACT STATEMENT
This statement is made pursuant to section 54 of the Modern Slavery Act 2015 and sets out the steps taken during the financial year ending 30 November 2025 (the "Reporting Period"). Carrier Solutions UK Ltd. is part of Carrier Global Corporation ("Carrier"), a leading global provider of heating, ventilating and air conditioning (HVAC), refrigeration, fire and security solutions and is committed to ensuring slavery and human trafficking are not taking place in its businesses or supply chains and, to this end, took or continued to take the following actions during the Reporting Period.
Carrier Code of Ethics
Carrier's Code of Ethics (the "Code") is the foundation of our culture. Our Code sets forth values and commitments that guide ethical decision making wherever we do business. The Code applies to Carrier and its controlled entities worldwide.
Among other things, the Code includes the following statement:
Carrier respects and protects human rights by:
- Ensuring safe and healthy working conditions for its employees, based on whatever is most stringent: U.S. standards, local standards, or Carrier policies.
- Never using child labor or forced labor, and always seeking out business partners who share our commitment to fighting human trafficking and supporting human rights.
- Promoting responsible sourcing practices and setting expectations for our key suppliers through the Carrier Supplier Code of Conduct, including that suppliers must ensure safe and healthy work environments for their employees, avoid discrimination, ensure that child labor is not used, and avoid human trafficking.
Each year, Carrier requires its employees to certify that they have read and will comply with the Code. Compliance with the requirements of the Code is expected of all Carrier employees. Violations of these requirements may result in appropriate corrective action.
Carrier Anonymous Reporting Program
Employees and third parties (including suppliers) who observe or suspect a violation of the Code may ask a question or raise concerns in confidence through Carrier's Anonymous Reporting Program. Additional information about the Anonymous Reporting Program is available on Carrier's website at: Carrier Anonymous Reporting Program.
Internal Training
Carrier makes training available to company management and employees on recognising and mitigating the risks of human trafficking and slavery in supply chains. Employees with direct responsibility for supply chain management also receive training on recognising and mitigating the risk of human trafficking and slavery in supply chains.
Supply Chain Expectations
To produce superior products in a responsible manner, Carrier seeks to work with suppliers that meet high standards for business practices, environmental responsibility and operational excellence. Accordingly, suppliers are subject to supplier selection processes and criteria, including verification against government denied party lists.
Carrier's standard contract terms and conditions of purchase require suppliers to comply with all applicable laws and regulations. In addition, Carrier's standard contract terms require suppliers to adopt and comply with a code of conduct or policy statement regarding business conduct, ethics and compliance that satisfies, at a minimum, the principles set out in the Supplier Code of Conduct (the "Supplier Code").
The Supplier Code sets out Carrier's expectations for suppliers and aligns with the expectations Carrier maintains for its own directors, officers, employees and representatives. Among other things, the Supplier Code requires suppliers to ensure child labour is not used in the performance of their work, whether or not related to Carrier business. It also requires suppliers to comply with laws and regulations prohibiting human trafficking. This includes prohibiting the use of forced, bonded or indentured labour, involuntary prison labour, slavery or trafficking in persons.
In addition, the Supplier Code states that suppliers will allow Carrier and/or its representatives to assess their compliance, as well as the compliance of the suppliers' business partners, with the expectations set out in the Supplier Code when performing work for Carrier, including through on-site inspections of facilities. The Supplier Code is available at: Carrier Ethics & Compliance.
In the event that a supplier commits a material violation of applicable laws relating to basic working conditions and/or human rights in connection with work performed for Carrier, Carrier may exercise its contractual rights, including the right to terminate the relevant supplier relationship where appropriate.
Pastor Casanova
Director
Carrier Solutions UK Ltd.
July 2026