Myer : Modern Slavery Statement 2022

Myer Holdings Limited (ABN 14 119 085 602)

Modern Slavery Statement 2022

Modern Slavery Statement 2022

2

Contents

	About Myer			Our Operations
	3			4
	Our Risks			Due Diligence
	7			10
	Effectiveness			Our Plans
	16			18

About Myer	3
Our business & supply chain	4
Our modern slavery risks	7
Our actions and response	10
Measuring effectiveness	16
Our FY23 plans	18
Consultation	19
Modern Slavery Act reporting criteria	20

About this Statement

Myer Holdings Limited (ABN 14 119 085 602) is listed on the Australian Stock Exchange (ASX: MYR), registered at Level 7, 1000 La Trobe Street Docklands Victoria 3008. This modern slavery statement (statement) is made under the Commonwealth Modern Slavery Act 2018 (Cth) and covers all entities within Myer Holdings Limited including Myer Pty Limited, sass & bide Limited and Marcs David Lawrence Pty Limited for the period 1 August 2021 to 30 July 2022 (the reporting period or FY22).

References to "Myer, we, our or us" in this Statement refers to Myer Holdings Limited.

Any forward looking statements are based on current knowledge and assumptions that may exist and affect the Myer business and its operations in the future. Myer does not give any assurances that the assumptions will prove to be correct as these statements may be affected by a range of variables which may alter the actual results, performances or achievements to be materially different from the relevant statements. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable laws and regulations, Myer does not undertake to publicly update, review or revise any of the forward looking statements or to advise of any change in assumptions on which any statement is based. Forward looking statements do not represent guarantees or predictions of future performance and equally past performance cannot be relied on as a guide to future performance.

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Acknowledgement of Country

In the spirit of reconciliation, Myer acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea, and community. We pay our respects to their Elders past and present and extend that respect to all Aboriginals and Torres Strait Islander people.

Modern Slavery Statement 2022

About Myer

3

Myer is Australia's favourite and most trusted department store, placing customers first in every decision we make and every action we take. Our values inform the behaviours and decisions of our team members and the way we do business. They reflect our commitment to ethical and socially responsible business practices.

Myer is an iconic Australian retail brand with a long and proud history supplying reliable and high quality products and services to Australians for over 120 years. We are a public company listed on the Australian Stock Exchange.

Our merchandise offer includes core product categories: womenswear, menswear, childrenswear, beauty, homewares, electrical goods, toys, furniture and general merchandise. The majority of Myer's operations are in Australia and encompass Myer department stores, sass & bide and Marcs and David Lawrence. In addition to our Australian operations, we have a sourcing office located in Hong Kong.

Our workforce consists of over 9,000 Australian based employees across our support office, warehouses and retail stores; as well as contractors and agents engaged either by contractor or under award agreements.

Annual total	Australia based	Overseas based	Total directly	Total number of
sales1	team members	team members	sourced suppliers	shareholders
$2.98B	9,000+	53	245	41,271

Our key retail private brands include

AH&G

Jack & Milly

Reserve

BasqueBlaq

Marcs Milkshake

sass & bide	Soho

Chloe & Lola	David Lawrence	Heritage
Miss Shop	Piper	Regatta
Sprout	Tokito	Vue

1 excluding concession sales and sales revenue deferred under customer loyalty program

Modern Slavery Statement 2022

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Our business & supply chain

Myer is committed to ethical, sustainable and socially responsible procurement and business practices, which includes management of modern slavery risks and protection of employees and workers within our operations and supply chain..

Our retail store network encompasses 582 Myer department stores, 413 sass & bide stores, 824 Marcs stores and 80 David Lawrence stores across Australia, excluding the Northern Territory. Our retail network is supported by our Support Office based in Docklands. Each brand also operates its own ecommerce platform. We have a small sourcing office in Hong Kong which employs 53 employees across locations in China, Hong Kong, and a small number in India and Bangladesh for the purpose of quality control and assurance.

Western Australia

Queensland

6	5	12	10				13	9	17	16
South Australia					New South Wales
3	2	5	5				19	13	25	27
			Victoria			Australian Capital Territory
					2	0	3	4
			13	10	18	16

Tasmania

LEGEND

Myer Pty Ltd	Marcs
sass & bide	David Lawrence

2 0 2 2

New Zealand

0 2 0 0

Our approach to modern slavery is company-wide, with a governance structure overseeing the management of modern slavery risks. The Myer code of conduct outlines the expectations of all team members including company directors. The code requires awareness of, and compliance with, laws and regulations relevant to Myer's operations, including occupational health and safety and employment practices. The Myer Ethical Sourcing Program focuses on the identification, assessment and mitigation of modern slavery risks. Each team member of Myer has a responsibility to ensure compliance with our Ethical Sourcing Program with oversight by the Audit, Finance and Risk Committee of the Board.

The Myer Board is accountable for and approves the Myer Ethical Sourcing Policy and program framework, and through the Audit, Finance and Risk Committee of the Board, reviews and monitors effectiveness of ethical sourcing risk processes, activities and initiatives. The Executive Management team is responsible for the execution of the policy and framework in their area of responsibility. The Assurance team, reporting to the Chief Financial Officer, is responsible for the development, implementation and management of the broader Ethical Sourcing Program, including modern slavery initiatives.

1. Exited Blacktown NSW store during the reporting period
2. Comprises of standalone and department store formats
3. In department store formats

Modern Slavery Statement 2022

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The Myer Board and all levels of management are committed to good corporate governance that underpins our objective and values. The Chief Executive Officer is responsible for instilling a culture that aligns with Myer's values and commitment to be an ethically and socially responsible business.

MYER BOARD

Responsible for overseeing the performance and operations of the company and approves the values and monitoring of compliance with code of conduct and ethical standards. Approves Myer's Modern Slavery Statement

BOARD COMMITTEES

Audit, Finance and Risk	risk management and financial reporting
Human Resources and
remuneration framework including executive pay, human resources
Remuneration	issues, initiatives and schemes
	new Board appointments, nomination criteria's and succession
Nomination

Procedures and practices are in place to ensure that the committees effectively communicate with each other for matters and areas of shared responsibility

POLCIIES AND PROCEDURES

includes Code of Conduct, Ethical Sourcing Framework, Risk Management Framework, Whistleblower

EXECUTIVE MANAGEMENT TEAM REPORTING TO CHIEF EXECUTIVE OFFICER

Deliver strategic direction and objectives as approved by the Board

ASSURANCE TEAM

Oversees and responsible for the development, embedding and management of the ethical sourcing program, including modern slavery initiatives and company's whistleblower program

Our supply chain

BUSINESS AND FUNCTIONAL UNITS

Adhere, implement and monitor compliance with company policies and procedures

Our supply chain operations are large and complex, and includes a diverse and multi-layered supplier network. Myer does not own or operate any factories that goods are manufactured, and as such relies upon supplier relationships and due diligence processes to ensure protection of workers and to provide transparency of operations. Our sourcing of products and services involves multiple suppliers and tiers of the supply chain. We have direct relationships with our tier one suppliers, however a tier two supplier will generally service or supply a tier one supplier. We continue to work collaboratively with our suppliers to understand and obtain transparency of the multi-tiered supplier network, and to ensure ethical sourcing requirements including remediation activities are met and operations are continually improved upon.