Editing RC365 Holding PLC (section)

== ESG Factors ==
RC365 Holdings demonstrates its commitment to sustainability and societal impact through a comprehensive approach to environmental, social, and governance practices. The Group's initiatives and progress in these areas during the latest reporting year are highlighted below:

'''Climate Change:''' Recognizing the urgency of addressing climate change and its link to Greenhouse Gas emissions from fossil fuels, RC365 Holdings is taking decisive steps. The Group is in the process of establishing targets for 2023/24 to drive emission reductions. Notably, progress was made in reducing emissions from office spaces in 2023, considering the context of the COVID-19 pandemic that led to remote work. Although Scope 1 and 2 emissions remained consistent with 2022 levels, energy efficiency remained on par with the previous year.

'''Environmental Stewardship:''' RC365 Holdings maintains adherence to environmental regulations in all regions of operation. The Group has not incurred fines or penalties nor faced investigations for breaching environmental regulations during the reporting period. While the Group's operations are not deemed to have significant environmental impact, RC365 Holdings actively seeks to minimize its carbon footprint and integrate environmentally friendly practices where feasible. The Group continually assesses its environmental impact and undertakes initiatives such as waste reduction, resource conservation, and upgrading to LED lighting.

'''Office Environment:''' The Group places a priority on providing a secure and safe office environment for its employees. Close collaboration with office and facilities management partners ensures employee well-being.

'''Supply Chain Responsibility:''' RC365 Holdings is dedicated to upholding ethical standards and eradicating slavery and human trafficking from its supply chain and business operations. The Group maintains strong partnerships with suppliers and partners, focusing on efficiency and shared values. Continuous evaluation of the supplier network ensures alignment with ethical standards and equitable relationships.

'''Governance Focus:''' The Board of Directors at RC365 Holdings is committed to robust governance practices, emphasizing transparency and efficient administration. The board's diverse expertise spans technical, commercial, financial, and auditing domains. Upholding values of integrity, fairness, and non-discrimination, the Board promotes a culture of ethical behaviour throughout the organization.

'''Regulatory Compliance:''' RC365 Holdings adheres to the Companies Act 2006 and the Companies (Directors’ Report) and Limited Liability Partnership (Energy and Carbon Report) Regulations 2018, known as SECR (Streamlined Energy Carbon Reporting). The Group's energy consumption and GHG emissions calculations align with UK Government guidelines. No breaches of environmental legislation resulted in prosecutions or compliance notices during the year.

Incorporating these initiatives, RC365 Holdings underscores its commitment to ESG principles, demonstrating a holistic approach to sustainability, societal impact, and responsible governance. These efforts not only reflect the Group's dedication to its stakeholders but also contribute to a more resilient and responsible business model.