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LETTERS FROM THE CHAIRMAN AND FROM THE CEO






            Letters from the Chairman and from the CEO
















                                                                            Letter from the CEO
                                                                            As Ratti publishes its fifth sustainability report,
                                                                            the green transition and the digital transition
                                                                            are becoming imperatives on the agenda
                                                                            of institutions and companies. They are
                                                                            establishing the trajectory of the Company’s
                                                                            development in the years to come. If we
                                                                            think back to the journey we started towards
                                                                            sustainability years ago, we can see the results,
                                                                            a striking example being the reduction of 30%
                                                                            between 2013 and 2019 in consumption per
                                                                            metre of fabric produced at Guanzate. We can
                                  Letter from the Chairman                  retrace the stages of the journey: chemical
                                  The complexity – something new and difficult   management, the materials and manufacturing
                                  to handle – of recent times has reinforced   revolution, the circular economy.
                                  the company’s desire to rise to the challenge,
                                  understand the changes needed and build   As in the past, Ratti will also be a partner on the
                                  possible futures. To this end, I would like to thank   front line of the green transition (participating
                                  everyone, in Como and around the world, who   in the Fashion Pact, an association consisting of
                                  has given their utmost in support of our work.   companies managing circularity projects). Ratti
                                  During 2021 our number one concern has been   will pay no less attention to its own people,
                                  to safeguard health while continuing, at the same   communities, and partnerships with institutions,
                                  time, to provide continuity to a history of value as   associations, and centres of research and
                                  well as values.                           innovation. We intend to be both green and
                                                                            digital, to respond to the present while building
                                  Uncertainty has generated a desire and a need to   the future. At the same time we plan to develop
                                  respond to change in a new way. It has also led to   “business as usual” which is never really “usual”
                                  deep reflection on the new geopolitical context,   given that innovation puts down its hidden roots
                                  the serious implications of the energy crisis, and   in cautious routine, and is always a mixture of
                                  the adjustment of our own priorities which, as   imagination and hard, passionate work, and an
                                  a result of the pandemic, has led to changes in   awareness of both the new and the traditional.
                                  behaviour, consumption and, last but not least,
                                  the labour market.                        Ratti’s commitment is today situated in an
                                                                            external environment that has experienced
                                  Commitment, ethics and sustainability are part of   sudden and unexpected changes and events,
                                  our history. This most recent edition of the report   new working guidelines, and scenarios which
                                  sees us doubling down on our commitment   are light on certainties but heavy on unknowns.
                                  to responsible growth, showing that, for us,   This is a range of challenges and new
                                  sustainability is not just a varnish, it is in fact a   opportunities which we face with passion and
                                  vision which guides both decision-making and   courage, aware of the difficulties but also aware
                                  behaviour. Authenticity is something intangible   of the means at our disposal. The future is a
                                  which reinforces our confidence in the future.  blank canvas – it’s up to us to fill it.
                                  Donatella Ratti                           Sergio Tamborini



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