Corporate Social Responsibility Committee

The Group Chief Executive chairs the Corporate Social Responsibility Committee (‘CSR') which reports to the Rotork Management Board and through the Group Chief Executive to the Board of Rotork plc

The CSR has four sub-committees:

• Ethics Committee (chaired by the Group Legal Director)
• Health & Safety Committee (chaired by the Group Operations Director)
• Social Issues Committee (chaired by the Group Human Resources Director)
• Environmental Committee (chaired by the Group Operations Director)

Rotork believes that responsible business is the best business. It can benefit our operational effectiveness and develop and grow our industry leading products and services as well as build on the trust of stakeholders.

We have been participants of the United Nations Global Compact since 2003 and are continually striving to embed its principles into our everyday operations as part of our ongoing commitment to CSR. Since joining the Global Compact, we have made many improvements in a wide range of CSR areas. We now have a developed CSR structure including a CSR Committee chaired by the Chief Executive with subcommittees currently covering health & safety, the environment, ethics and social issues. The Chief Executive reports to the Rotork Management Board and the Board of Directors on CSR matters.

The Committees act as a focal point for further development of the subject matter within their remit. Underlying all their work is a determination to embed the Group's CSR values within all its activities.

These values are contained in our vision and mission statement.

Improvements since implementation of this updated structure include a revised ethics and values statement, a reduced water consumption rate and the introduction of an annual global charity together with the launch of local charity committees at most of our overseas subsidiaries. Rotork recognises that the Global Compact is a continuing commitment and is engaged in further work in environmental and labour issues which will lead to a further performance improvement.

Inclusion in the FTSE4Good index further demonstrates our strong commitment to CSR. FTSE4Good assesses its constituents on environmental management, climate change, human and labour rights, supply chain labour standards, corporate governance and countering bribery. We have also taken account of the guidelines on social responsibility issued by the Association of British Insurers and take full account of ethical matters in business conduct and risk assessment processes.

As a global business manufacturing products used in a wide range of industries including water, power and oil & gas, we recognise that we affect a significant number of individuals and businesses globally. Through Global Compact, FTSE4Good, ISO 9000 and the other benchmarks we use, we set an example of
good, responsible and effective business.