Modern Slavery Statement for the Financial Year Ended 31st December, 2024

Introduction from the Managing Director of Beko PLC, Hotpoint UK Appliances Limited and Hotpoint Ireland

We (“Beko plc”, “Hotpoint UK Appliances” and “Hotpoint Ireland”) are committed to monitoring and continuously improving our practices to combat slavery and human trafficking. This statement, along with the previous ones, outlines the procedures continue to implement to strengthen our high standards in preventing slavery and human trafficking.

Our Organisation's structure

We are part of Beko Europe B.V. (“Beko Europe”), a major European home appliances business established in April 2024 through a joint venture between Arçelik A.Ş. (holding a 75% stake) and Whirlpool Corporation (holding a 25% stake). Arçelik A.Ş. (the “Parent Company”) was founded in Turkey in 1955 and has more than 70 years’ experience in consumer durables and is one of the largest household appliance producers in Europe. It is also one of the leading home-appliance brands in Turkey, offering extensive and innovative ranges of both home appliances and consumer electronics.

With its 22 brands and more than 55.000 employees, Arçelik operates in the fields of durable consumer goods and electronics, including Research & Development, production, marketing and after-sales support services. Our Parent Company has built a global organisation network with 46 production facilities in 14 countries and 125 subsidiaries in 58 countries, where the Parent Company introduces its products to its consumers. In 2024, our Parent Company had a global annual turnover of approximately EUR 11 billion.

Our ultimate parent company is Koç Holdings A.Ş. (“Koç”). Koç was founded in 1926 with its head office situated in Turkey. It is Turkey’s biggest industrial and commercial conglomerate and continues to be one of the top 500 largest companies in the world.

Our business

We are a leading manufacturer and distributor of domestic appliances, operating multiple well-known brands including Beko, Hotpoint, Indesit, Leisure, Blomberg, Grundig, Flavel and Zenith operating across the United Kingdom and Ireland. Following 2024 merger with Whirlpool’s UK and Ireland domestic appliance business, our operational footprint has expanded significantly. We now operate across multiple sites including manufacturing, logistics, retail, and after-sales services, employing thousands of people directly.

Our corporate headquarters are located at Beko House, 1 Greenhill Crescent, Watford, Hertfordshire. Additionally, we maintain a significant operational presence at Morley Way, Peterborough. These two main offices oversee our UK and Ireland operations, including sales, marketing, customer service, and logistics.

As part of Beko Europe, we are committed to upholding the highest standards of ethical conduct and corporate responsibility.

Our policies and practices are designed to ensure compliance with all applicable laws and regulations, including the UK Modern Slavery Act 2015. We continuously strive to enhance our due diligence processes, supplier engagement, and employee training programs to combat modern slavery and human trafficking within our operations and supply chains.

Our supply chains

Our supply chain relates to the logistics of the import, sale and distribution of our products including our warehouses and our employees.

Our policies on slavery and human trafficking

We continue to be committed to ensuring that there is no modern slavery or human trafficking in our supply chains or in any part of our business. Our Anti-Slavery Policy reflects our commitment to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in our supply chains.

For more details about our requirements from our suppliers, including related policies, audit outcomes and targets, please see the below links and refer to our 2023 Sustainability Report:

Due diligence processes for slavery and human trafficking

As part of our initiative to identify and mitigate risk our Parent Company has in place systems to:

Identify and assess potential risk areas in our supply chains.
Mitigate the risk of slavery and human trafficking occurring in our supply chains.
Monitor potential risk areas in our supply chains.
Protect whistle blowers.
Maintain an anti-bribery policy.

Supplier adherence to our values and ethics

We have a zero tolerance to slavery and human trafficking. To ensure all those in our supply chain and contractors comply with our values, we have in place a rigorous supply chain compliance programme jointly with our Parent Company. This includes a detailed questionnaire which we will continue to provide to new suppliers who will be providing services and for on-going audit purposes as appropriate.

Our Parent Company revised its code and published Global Code of Conduct and related Code Policies in 2019 in order to respond to our developing needs as the Company grows globally. The Company has a dedicated Global Ethics Committee which is responsible for the functioning and smooth implementation of the Global Code of Conduct and related Policies.

Our Global Ethics Committee is a council consisting of CEO (Chair), CFO, Chief Legal and Compliance Officer, Chief People Officer, and relevant Assistant General Managers.

We are subject to regular audits due to our membership of the Business Social Compliance Initiative (BSCI) and the Suppliers Ethical Data Exchange (SEDEX). Through BSCI, our operations are regularly audited in topics such as social management systems, employee engagement, freedom of association and collective bargaining, prevention of discrimination, fair remuneration, OHS, prevention of precarious employment, prevention of forced and child labor, environmental protection, and ethical behavior.

Further details about our Global Compliance Program including Global Responsible Purchasing Policy are available from:

https://www.bekocorporate.com/media/j3an5bth/global-code-of-conduct.pdf

At subsidiary level, our Company Secretary jointly with our Director of Human Resources have been charged with the responsibility of ensuring our adherence to the Modern Slavery Act 2015 (the “Act”).

Training

To ensure a high level of understanding of the risks of modern slavery and human trafficking in our group supply chains and our business, our Parent Company equips its employees with skills and knowledge to enhance their awareness level. As of 2019, our Parent Company created the Supplier Training Platform in order to inform suppliers in our organisational supply chain (“Suppliers”) about the sustainability efforts in the world and to share the requirements of Beko, national and international regulations in more detail on sustainability issues, Business Ethics and Working Conditions. In 2021, work began on developing an Arçelik Digital Training Platform in order to make such training resources accessible to more suppliers. Becoming operational in 2022, the platform makes it easier for suppliers using it to educate themselves about Arçelik’s approaches to with 12 sustainability issues. The dynamic platform, which allows for the addition of new training modules, was updated at the end of 2024. Our Parent Company continues to provide training with the participation of our suppliers and all purchasing personnel. It is emphasized in this training that our Suppliers have to comply with the rules of the Modern Slavery Act.

Locally, we continue to increase the awareness of Modern Slavery in our business by enrolling relevant employees on courses run by recognised training service providers including Stronger2Gether Limited.

In addition, please see information about Supplier Trainings on page 151 of 2023 Arçelik Sustainability Report and 2024 Annual Report page 258-259.

Our effectiveness in combating slavery and human trafficking

Our Parent Company has appointed an independent third party, DQS Turkey to conduct an externally facilitated review to bring insights on ways to tackle slavery and human trafficking.

Between 2015-2023, 578 Suppliers of Arcelik AS from high and medium risk countries were audited for code of conduct and occupational safety through the agency of an independent institution. In 2023, a total of 197 Suppliers were audited in the fields of business ethics and work safety through an independent audit firm.

You can reach the audit findings from the below link:

https://www.bekocorporate.com/media/vyibvvsw/arcelik_sustainabilityreport_2023.pdf (Page: 150)

Future steps

Following a review of the effectiveness of the steps we have taken jointly with our Parent Company during the year to ensure that there is no slavery or human trafficking in our supply chains we will endeavour to tackle Modern Slavery issues as a continuous process.

In addition, we will continue to monitor our adherence to the Act by reviewing our policy annually.

This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our Group's slavery and human trafficking statement for the financial year ending 31^st December 2024.

…………………………………………………………………………………………………………
Teresa Arbuckle
Managing Director - Beko plc, Hotpoint UK Appliances and Hotpoint Ireland
2025

Previous Statements: 2023 |2022 | 2021 | 2020 |2019 | 2018 | 2017 | 2016