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CHAPTER 6 | GOVERNANCE AND MONITORING OF CORPORATE ETHICS AND RISK

by the Board of Directors, including the office of
Chairman of the Board of Directors and the CEO of
the Company, plus a third member to be appointed WITH INCREASING MONITORING
by the Board. OF ASPECTS OF SUSTAINABILITY, RATTI SPA
HAS ADOPTED A RANGE OF POLICES
It may be convened either by the Chairman of the AND INSTRUMENTS THAT HAVE BEEN
Board of Directors or by a member of the Board of COMMUNICATED AND IMPLEMENTED BY
Directors or the Board of Statutory Auditors. It is THE VARIOUS COMPANIES OF THE GROUP
this Committee’s duty to supervise management ACCORDING TO THE SPECIFIC NEEDS
performance and to decide on all matters and/or AND VARIOUS CONTEXTS IN WHICH
business of significant importance to the Company THEY OPERATE.
or the Group, according to the criteria laid down by
corporate governance.

Governance for sustainability issues
(Legislative Decree 254/2016) The Working Group on Sustainability
With regard to sustainability issues, the strategy
and coordination of activities are within the remit As the engine of sustainability in Ratti, scheduled action plans and in 2021
of the Parent company Ratti SpA. In particular, the Working Group plans and puts it was concerned with certifications,
the Board of Directors of Ratti SpA defines the into practice, in line with the Group’s analyses of consumption, audits and
Group’s strategic choices in accordance with policies, and in cooperation with the assessments, supporting the sales
the contents of Legislative Decree 254/2016, production lines, programmes and force, training, an EPR (Extended
based on knowledge of the processes in other actions to achieve environmental and Producer Responsibility) study and
Group companies and the integrated system social sustainability. Textile Rehubs. It also began work on
the application of the OEF (Organization
Coordinated by the Group’s
for managing risks (see the paragraph “The Innovation Manager, the Group Environmental Footprint) and carried
management of sustainability risks”), with the aim avails itself of contributions from out activities related to customer
of providing a line of conduct to follow in the leaders and specialists in Human programmes.
operating activities of the Group. Resources, Communication, Chemical
Management, Sales, Operations and In 2021 the activities related to the
From March 2018, the Sustainability Committee Management Systems and reports to “Ethical Fashion Initiative” programme
set up in Ratti SpA, which meets regularly to the CEO of the company. continued (see Chapter 5, paragraph 5.3
develop plans and proposals for the Group, “Partnerships that do good” for details
assumed the name, the characteristics and The Group operates on the basis of dedicated to “Ratti, the EFI and the UN”).
the functions of the “Working Group on
Sustainability”. The Group, coordinated by Ratti
SpA’s Innovation Manager, reports to the CEO of
the Company and has the task of planning and With regard to environmental aspects
putting into practice actions relating to social and the Group’s companies have adopted
environmental sustainability. an Environmental Policy with the aim of
safeguarding the environment and promoting a
With increasing monitoring of aspects of sustainable development agenda, both in terms
sustainability, Ratti SpA has adopted a range of making company processes more efficient
of polices and instruments that have been and in terms of using products and services
communicated and implemented by the various with a lower environmental impact, focusing
companies of the Group according to the attention on the selection of suppliers (see
specific needs and various contexts in which they Chapter 4, Box “The environmental policies of the
operate. Ratti Group”). In 2019, Creomoda updated its
environmental policy to include the activities of
In particular, Ratti SpA, Creomoda, La Maison des the new company La Maison des Accessoires.
Accessoires and Textrom have adopted their own In 2021, Ratti SpA also launched a study
Social Accountability Policy and safeguard the analysing the climate change risks associated
fundamental rights of persons, with a particular with the value chain, also in relation to the
focus on child labour, forced and compulsory production chain.
labour, occupational health and safety, and
non-discrimination against workers during the The management of personnel and the defence
recruitment phase and following hiring (see of human rights are covered in the personnel
Chapter 3, paragraph 3.2 “A commitment anchored and selection policies of Ratti SpA, Creomoda,
in the most advanced standards”). La Maison des Accessoires and Textrom. No

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