ZEGNA RESPONSIBILITY Page 1 of 33 INDEX ZEGNA RESPONSIBILITY ................................................................................................. 4 ETHICAL CODE .................................................................................................................. 6 INTRODUCTION ............................................................................................................................................ 6 CHAPTER I – GENERAL PROVISIONS ....................................................................................................... 9 1. SCOPE OF APPLICATION AND PERSONS SUBJECT TO THE CODE .......................................... 9 2. EMPLOYEE OBLIGATIONS ............................................................................................................... 9 CHAPTER II – ETHICAL PRINCIPLES ...................................................................................................... 10 3. THE GROUP’S ETHICAL PRINCIPLES ........................................................................................... 10 3.1. LEGALITY ................................................................................................................................................... 10 3.2. EQUALITY AND IMPARTIALITY .................................................................................................................. 10 3.3. TRANSPARENCY, CORRECTNESS AND RELIABILITY.................................................................................... 10 3.4. PROFESSIONALISM .................................................................................................................................... 11 3.5. CONFIDENTIALITY ..................................................................................................................................... 11 3.6. THE VALUE OF HUMAN RESOURCES ......................................................................................................... 11 3.7. HEALTH AND SAFETY ................................................................................................................................. 11 3.8. ENVIRONMENTAL PROTECTION................................................................................................................ 12 3.9. FAIR COMPETITION ................................................................................................................................... 12 CHAPTER III – RULES OF CONDUCT ...................................................................................................... 13 4. CONTROL SYSTEM ......................................................................................................................... 13 4.1. CORRECT AND TRANSPARENT CORPORATE INFORMATION ..................................................................... 13 4.2. THE PREVENTION OF CONFLICTS OF INTERESTS ....................................................................................... 14 4.3. THE PREVENTION OF MONEY LAUNDERING ............................................................................................. 14 CHAPTER IV – DEALINGS WITH THIRD PARTIES .................................................................................. 15 5. DEALINGS WITH PUBLIC ADMINISTRATION AND PUBLIC INSTITUTIONS ............................... 15 6. DEALINGS WITH CUSTOMERS ...................................................................................................... 15 7. DEALINGS WITH SUPPLIERS ......................................................................................................... 16 8. DEALINGS WITH POLITICAL AND SOCIAL ORGANISATIONS .................................................... 16 CHAPTER V – FINAL PROVISIONS .......................................................................................................... 17 9. BREACH OF THE ETHICAL CODE AND RESULTING PENALTIES .............................................. 17 10. ADOPTION OF THE ETHICAL CODE AND AMENDMENTS THERETO .................................... 18 HR POLICIES .................................................................................................................... 20 SUPPLIERS CODE OF CONDUCT .................................................................................. 22 FOREWORD ................................................................................................................................................ 22 COMPLIANCE WITH LAWS ....................................................................................................................... 22 LABOUR, ENVIRONMENTAL CUSTOM STANDARDS AND SOCIAL RESPONSIBILITIES .................. 22 BUSINESS INTEGRITY REQUIREMENTS ................................................................................................ 23 AUDIT AND INSPECTION .......................................................................................................................... 24 Page 2 of 33 SUPPLIER SOCIAL AUDIT COMPLIANCE SYSTEM ...................................................... 26 FOREWORD ................................................................................................................................................ 26 SUPPLIER SOCIAL AUDIT COMPLIANCE ............................................................................................... 26 1. AUDIT PLAN ..................................................................................................................................... 26 1.1. REQUIRED SUPPLIER INFORMATION ........................................................................................................ 27 2. ORGANIZING THE AUDIT ............................................................................................................... 27 3. FIELD WORK .................................................................................................................................... 27 3.1. OPENING MEETING ................................................................................................................................... 27 3.2. PRODUCTION SITE TOUR .......................................................................................................................... 27 3.3. DOCUMENT CHECK ................................................................................................................................... 27 3.4. WORKER INTERVIEWS ............................................................................................................................... 28 3.5. CLOSING MEETING .................................................................................................................................... 28 4. AUDIT REPORT AND CORRECTIVE ACITON PLAN ..................................................................... 28 4.1. AUDIT REPORT .......................................................................................................................................... 28 4.2. CORRECTIVE ACTION PLAN ....................................................................................................................... 28 5. CONTINUOUS MONITORING .......................................................................................................... 28 KEY RAW MATERIALS SUPPLIERS ............................................................................... 30 Page 3 of 33 ZEGNA RESPONSIBILITY The “culture of beauty” has always guided the Zegna Group in its choices, based primarily upon the deep respect for people and the environment. A value inscribed in the brand’s DNA ever since 1910 when Ermenegildo Zegna founded the company that bears his name, it attests to the belief that a quality product can only come from within a working context of inclusion, integrity and well-being. These principles are now part of the heritage that the Group shares with all those who work within the company, and find their fullest expression in the Ermenegildo Zegna Ethical Code, a document that contains the rules of conduct and values that inspire every activity of the Group. The Suppliers’ Code of Conduct, on the other hand, guides Ermenegildo Zegna’s social policy. There is also a constant commitment within the company to comply with laws and international conventions on ethics, social responsibility and environmental protection. Through the HR Policies, the Group protects and promotes respect for human dignity, combating all types of discrimination and ensuring equal development opportunities for all employees. There is also a constant commitment to the training and development of individual talents. Improving the quality of life for individuals and the community, developing the potential of each person, safeguarding culture and the environment, promoting research and good practices, inside and outside the company, have always been part of Ermenegildo Zegna’s creed. Page 4 of 33 <page left blank intentionally> Page 5 of 33 ETHICAL CODE INTRODUCTION The name Zegna immediately brings to the mind two irrevocably linked businesses: on the one hand, one of Italy’s most longstanding family owned businesses, now headed by a third generation and, on the other hand, a leading multinational luxury menswear business that sells its products in more than 80 countries worldwide – 90% if its turnover generated by exports – with a strong presence on both mature and emerging markets. This type of success is driven by careful diversification on the range of products offered – from apparel to accessories – and winning strategies that have