Salvatore Ferragamo SpA

The body responsible for the approval, implementation and any revision of this engagement policy is the Board of Directors, at the proposal of the Chairman, in agreement with the Chief Executive Officer. [...] The Chairman: a) plays a role of promotion and stimulus with respect to the Board for the performance of the activities under its responsibility; b) keeps the Board promptly informed on the development and significant content of the dialogue engaged in with shareholders and with other relevant stakeholders, it being agreed that in any case of impediment or particular difficulties, such functions may be performed by the Vice Chairman or the Chief Executive Officer; c) may participate, also through the Investor Relations Department, in dialogue with the parties concerned based on the topic addressed; d) is responsible, in agreement with the Chief Executive Officer, for the development of proposals to amend the engagement policy to be submitted to the Board of Directors; [...] The Chief Executive Officer is assigned the duty of working actively, including through the Investor Relations Department, to engage in dialogue with shareholders, institutional investors and the other relevant stakeholders of the Company. In particular, the Chief Executive Officer: a) identifies, after consulting with the Chairman, the participants, on behalf of the Company, in dialogue with the parties concerned, selecting from amongst the directors and/or managers of the Company that have the most suitable knowledge and capacity to provide information pertinent to dialogue with the parties concerned; b) coordinates with the Chairman in relation to the disclosure and updates to be provided to the Board of Directors with respect to the dialogue activities carried out; to this end, the Chairman and the Chief Executive Officer are entitled to involve other individual directors, the Corporate Secretary and the Competent Corporate Departments on the various matters of interest, and, if necessary, may also rely on external consultants.

The Board of Directors guides the Company by pursuing its success in sustainability. For the initiatives carried out by the Board for this end, please refer to the Sections of this Report where the following are illustrated: (i) how this objective is integrated into the strategies (Chapter 4.1); (ii) the remuneration policies (Chapter 8); (iii) the internal control and risk management system (Chapter 9); and (iv) the corporate governance measures specifically adopted in this regard (Chapter 9.2). [...] On April 22, 2021, the Board resolved to confirm the competence of the Control and Risk Committee also for Related Party Transactions and Corporate Sustainability. As of the date of the Report, the Non-Executive and Independent Directors Patrizia Michela Giangualano (Chairman), Umberto Tombari and Laura Donnini are members of the Control and Risk Committee. For further information on the Committee with regard to Related Party Transactions, please refer to Chapter 10 below. [...] The CRC also acts as the Committee for 'Transactions with Related Parties' pursuant to Article 2391-bis C.C. and the Consob Related Parties Regulation and the procedure for regulating transactions with related parties of the Company adopted pursuant to the Consob Related Parties Regulation (the 'RPT Procedure'). In this regard, it should be noted that on August 3, 2023, the Board of Directors approved an update to the RPT Procedure, after examination and favourable opinion of the CRC, in advance of its periodic review. For information on the RPT Procedure and the most recent amendments thereto, as well as on the activities carried out during the Financial Year by the CRC in its function as a committee for 'Related Party Transactions', please refer to Chapter 10 below.

At the organizational level, to ensure integrated management of sustainability issues, since 2014 a cross-functional working group called Green Team (GT) has been set up, dedicated to designing and promoting corporate responsibility initiatives. The team allows to bring together cross-functional skills to promote an extensive development of sustainability. The main responsibility of the GT is improving the quality of the workplace and the internal and external impact of the Company's operations, as well as facilitating a direct relationship with the local community in all its environmental and human facets. The structure of the GT enables the development of sustainability initiatives within the field of materials research and development, communication, packaging, information systems, logistics, operations, environment and safety, community & charity, purchasing of raw materials, human resources, mobility, store planning and merchandising. Over the years, the GT has been considerably expanded: in 2019, the e-commerce and IT departments joined, while in 2020, representatives from the Finance and Planning and Control functions were included. In 2021, representatives from the Legal and Product Development functions joined, and in 2022, the Team was further expanded to include an area of particular importance to the development of the Group's sustainability strategy: risk management Moreover, since 2016, the Internal CRC, as part of its supporting role for the Board of Directors, has been responsible for overseeing sustainability issues with the aim of monitoring the integration of responsible behaviors in business strategies and supervising the Group's relationships with its stakeholders. Thanks to this process, the Group engages with important trade associations and networks to share experiences and best practices, such as the Italian Alliance for a Circular Economy, the Fashion Pact and, since 2021, the Leather Working Group. Finally, to confirm its commitment to sustainability, the Group has set science-based targets in 2020 to reduce its greenhouse gas (GHG) emissions. Important reduction targets, validated by SBTi and expressed among the Group's targets in the new Sustainability Plan for 2023-2025.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]At the organizational level, to ensure integrated management of sustainability issues, since 2014 a cross-functional working group called Green Team (GT) has been set up, dedicated to designing and promoting corporate responsibility initiatives. The team allows to bring together cross-functional skills to promote an extensive development of sustainability. The main responsibility of the GT is improving the quality of the workplace and the internal and external impact of the Company's operations, as well as facilitating a direct relationship with the local community in all its environmental and human facets. The particular structure of the GT enables the development of sustainability initiatives within the field of materials research and development, communication, packaging, information systems, logistics, operations, environment and safety, community & charity, purchasing of raw materials, human resources, mobility, store planning and merchandising. In 2019, the e-commerce and IT departments became part of the GT, to promote sustainability projects related to the world of fragrances. In 2020, the GT was expanded to include representatives from the Finance and Planning & Control functions.
In 2021, the GT was further expanded to include representatives from the Legal and Product Development functions.
Today, the interest and drive to experiment remain, making the constant search for innovation a key value for the Brand. In 2020 and in 2021, the Group further consolidated its tradition of experimentation by setting up a cross-functional work team dedicated to the discovery and inclusion of alternative, regenerated and circular materials in its collections.
Since 2016, the Internal CRC, as part of its supporting role for the Board of Directors, has been responsible for overseeing sustainability issues with the aim of monitoring the integration of responsible behaviors in business strategies and supervising the Group's relationships with its stakeholders.
Thanks to this process, the Group engages with important trade associations and networks in order to share experiences and best practices, such as the Italian Alliance for a Circular Economy, the Fashion Pact and, since 2021, the Leather Working Group.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes