Investors

Section 172 statement

This statement contains an overview of how the directors have performed their duty to promote the success of the Company as set out in Section 172(1) of the UK's Companies Act 2006.

Section S172 responsibilities

The Board, in line with its duties under section 172 of the Companies Act 2006, must act in a way that gives due regard, among other matters, to: the likely consequences of any decisions in the long term; the interests of the company’s employees; the need to foster the company’s business relationships with suppliers, customers and others; the impact of the company’s operations on the community and environment; the desirability of the company maintaining a reputation for high standards of business conduct; and the need to act fairly between members of the company. Further information about how these duties have been applied can be found throughout the Ricardo Plc Annual Report And Accounts 2021 22, as set out in the following table:

Consequences of decisions in the long term	Chair's statement > Strategy	7
	Chief executive's review > creating value through our sharpened strategy, outlook	9
	Our business model > aligned approach	14
	Our strategy > aligned long term megatrends, creating value through focused objectives to deliver growth	16
	Principal risks and uncertainties	58
	Viability statement	62
	Board activity FY 2021/22	104
Interests of the company’s employees	Our people	27
	Chair's statement > Our people, culture and diversity	7
	Chief executive's review > Investing in our people	11
	Our business model > our values	14
	Focused objectives to deliver growth > meaningful and fulfilling work	17
Company’s business relationships with suppliers, customers and others	Our business at a glance > Serving key customers	5
	Our business model > aligned approach	14
	Focused objectives to deliver growth > trusted partner to our customers, achieving high growth in chosen markets	17
Impact of the company’s operations on the community and environment	Our vision	1
	Our business at a glance > who we are	4
	Chair's statement > ESG	8
	Chief executive's review > Sustainability is firmly built into our DNA	11
	Innovation	22
	Sustainability and ESG	36
Maintaining a reputation for high standards of business conduct	Our business model > aligned approach, our values, our capabilities, our operating model	14
Act fairly between members of the company	Our business model > aligned approach, our values	14
	Chair's statement > Our people, culture and diversity	7
	Chief executive's review > Investing in our people	11
	Focused objectives to deliver growth > enabling meaningful and fulfilling work	17
	Our people	27

Further details on how the Company and Board engage with stakeholders are found on pages 101 to 103. Details of key decisions taken by the Board and how stakeholders were considered are provided on on page 104.

Ricardo Group Subsidiary Companies Section 172 statements

FY22 Ricardo Investments Limited - see pages 3-5

FY22 Ricardo UK Limited - see pages 9-12

FY22 Ricardo AEA Limited - see pages 6-10