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Chapter 6
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           Governance and monitoring of corporate ethics and risk management                              87




                The main risks of a social nature



              The analysis of social aspects identified the type of risk with the greatest impact: those relating to the health and safety of
              the end-customer. Consumers are increasingly sensitive and attentive to their choices: they therefore demand a product
              that is not only safe, but also takes environmental factors into account and satisfies ethical conditions.
              These topics receive great attention in the fashion sector and from the Group’s major customers.
              The risk associated with the possible negative impact on the health of the final customer due to the use of chemical sub-
              stances only concerns Ratti SpA. This is because La Maison des Accessoires and Creomoda do not use chemical products
              and dyes, as they package textiles sent by the Parent company.

              ✱   For further information see Chapter 3 “Material becomes creation”.



             Table 7 – The main risks of a social nature for the Ratti Group


             Description of the main risks  Mitigation action taken



             The risk of harm to the health   The Group partners with its suppliers to develop solutions that meet high safety standards, including
             of end-consumers due to chemical   the REACH regulation.
             substances in the products.




             The risk of not responding   Ratti SpA has a management system and has achieved Seri.co certification. This requires ecotoxicologi-
             to the expectations of customers   cal compliance for suppliers of chemical products, raw materials and external manufacturing, and tests
             who require an increasing   on chemical products, dyes and wastewater according to MRSL parameters.
             amount of products that come
             from certified supply chains.  From 2019, apart from requiring all suppliers of chemical products and dyes to guarantee compliance
                                        with the MRSL ZDHC, they have been requested to register products in the ZDHC gateway. In 2020 Ratti
                                        asked its suppliers of chemical products to comply with the updated version 2.0 of the ZDHC.
                                        Oeko-tex certification on fabrics, polyamide/elastane, with traditional printing and with inkjet printing with
                                        acid ink.
                                        RCS (Recycling Claim Standard) and GRS (Global Recycle Standard) certification obtained.

                                        FSC (Forest Stewardship Council) certification obtained.
                                        GOTS (Global Organic Textile Standard) certification and, in January 2021, also OCS (Organic Claim Standard)
                                        certification obtained for silk, cotton and silk/cotton fabrics, printed in a single colour and weaved within
                                        Ratti. GOTS and OCS were also extended to finished garments and to textiles for linings; Creomoda and La
                                        Maison des Accessoires were also GOTS certified for the packaging of accessories.
                                        The Group launched a number of projects including: elimination from the surfactant of EDTA, a chelating
                                        compound, known for its low biodegradability, that can accumulate in wastewater; the development of safe-
                                        plan, software for managing chemical products/dyes; the elimination of chemical products containing PFCs.
                                        Textrom uses the raw materials and dyes/chemical products sent by Ratti, and therefore respects the pro-
                                        tocols established by Ratti SpA.
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