CODE OF CONDUCT

GIANNI VERSACE S.r.l.

CO-CREATED WITH OUR PARTNERS

THE CONNECTION BETWEEN THE MAISON

AND OUR SUPPLIERS CREATES INNOVATION.

LET’S OPEN OUR DOORS!

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Writing this document has come together

through a structured and collaborative

process with our suppliers, which have

helped us to realize a unique and innovative

initiative in the fashion industry:

a Code of Conduct written by hundreds of

participants.

We don’t see this Code as an administrative

step, but as a new way of working,

collaborating, and growing together;

gathering and integrating various perspectives

and contributions of all the companies that

participated, respecting their unique nature.

The sustainability principles rooted at the

heart of our company mission are declined

in this document, to share and spread their

use throughout our supply chain.

A CODE OF CONDUCT

WRITTEN BY THE HUNDREDS

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“ We know that if we don’t think and act

differently, if we don’t respect our planet, if we

don’t find a different way to communicate, we

can’t progress and prosper in the long term. “

Donatella Versace

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Every choice we make doesn’t stop at the

doors of our Maison, but is closely linked

to all suppliers that collaborate in creating

our collections: from the choice of materials,

to the prints, accessories, embroidery, and

packaging. Adopting a sustainable approach

contributes to the fairness, collaboration

and trust based relationships we have

always shared with our partners, and which

will continue to be the base for our future

growth together. For Versace, this is only

the first step in a long path together toward

a future-fit business model to create the

Best Supply Chain in Luxury.

A FUTURE-FIT

BUSINESS MODEL

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WE HAVE IDENTIFIED A STANDARD OF CONDUCT

RELATIVE TO FOUR FUNDAMENTAL THEMES:

1. OUR VALUES2. PEOPLE

3. ENVIRONMENT4. TRANSPARENCY

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1. OUR VALUES

We recognize the importance and urgency of acting with the awareness that we are all dependent

on each other, and we strive to improve in a journey of reciprocal learning. This commitment

is connected to the values that Gianni Versace shares with our suppliers of raw materials and

finished product.

RESPECT

We care for the environment, preserving it

for future generations. We respect people,

their diversity, their time, their serenity, and

their growth.

HUMAN TOUCH

Creativity is our passion. Talent and

craftsmanship are our heritage.

INTERDEPENDENCE

Versace is the sum of the professionalism

of our suppliers.We are all interconnected

and we support each other in our shared

objectives. We can only get there together.

CONCRETENESS

We aim to realize credible and profitable

plans, recognizing that each actor may find

themselves in a different state of evolution.

TRANSPARENCY

We commit to making our commitments

visible and transparent in an honest

way, sharing common results, issues, and

challenges.

OUR VALUES

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In our field, freedom of expression, diversity,

respect and tolerance toward all people

are invaluable resources. Each person is

part of our success and should have the

possibility to reach their full potential. We

welcome differences in each moment, and

we consider our impact on others. We offer

equal opportunities. We do not tolerate

discrimination.

A DIGNIFIED AND FREE WORK CULTURE

- All workers are employed with a written

employment contract that details the terms

and conditions of employment.

- We respect the rights of the people and

the legality of the collaboratory relationship.

Workers are fully aware of their rights and

legal duties.

- We only employ workers who have reached

the minimum work admission period as

provided by local law, in accordance with

ILO conventions no. 138 and 142.

- We ensure the freedom of choice,

repudiating any form of slavery. We

monitor our suppliers to ensure that no

one is subjected to work by force, deceit,

intimidation, or retaliation.

- We treat people with respect and

dignity. We prohibit any form of physical,

psychological or verbal abuse.

SKILLS AND CRAFTSMANSHIP

- We value our employees by progressively

raising their work standards through paths

of developing their professional skills and

internal training.

- We accompany older generations through

change, reclaiming craftsmanship and passing

it on to new generations.

- We promote a culture of sustainability,

understood as the maximum respect for

people and the environment.

2. PEOPLE

“ We inhabit a universe that is characterized by diversity. “

Desmond Tutu

PEOPLE

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ENGAGEMENT

- We engage our people to achieve a common

goal to which everyone converges.We also

promote teamwork in the customer-supplier

relationship.

- We recognize the value of work and reward

the work of others.We create a culture of

gratitude so that people feel encouraged to

support and collaborate.

- We promote participation, engagement

and social interaction among our people.

- We reward our people’s commitment

through rewards, benefits, or flexibility,

depending on the specifics of each company.

WELLBEING

- We see spaces not only as workplaces,

but as healthy and comfortable regenerative

environments for people and social

gatherings.

- We are committed to reduce stress

through better management of time and

communication.

COMMUNITY

- We create a positive impact on local

communities, supporting local organizations

and participating in beneficial socio-

environmental initiatives.

- We collaborate on educational and

engagement initiatives with schools and

institutions.

PEOPLE

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All our activities are aimed at respecting

the planet and considering the rights of

future generations. It is vital for us to have

a profound awareness of our impact, to

promote initiatives aimed

at reducing resource consumption, emissions,

soil exploitation, preserving ecosystems and

protecting biodiversity.

3. ENVIRONMENT

ENVIRONMENT

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SUSTAINABLE DESIGN

- We promote, together with Gianni Versace

Spa, a philosophy of eco- design of products,

exploring innovative solutions to make the

most sustainable choices.

- Every product or process innovation must

guarantee the highest quality standards

along with respect for the principles of

environmental sustainability.

- We pursue increased efficiency in the use

of scarce resources in nature, preferring

renewable or closed cycle materials and

resources.

- We know the value of the materials we

use, which is why we constantly research

and adopt solutions to minimize, recover

and/or reuse textile waste.

- We do not use chemicals that can harm

people or the environment by ensuring

accurate compliance with the Restricted

Substance List (RSL) shared by Gianni

Versace Spa with all suppliers.

POSITIVE ENVIRONMENTAL IMPACT

- We invest in low-impact technologies and

energy-efficiency systems, renewable energy

production and water-saving solutions.

- Our processes and waste disposal should

not harm the environment, and should

minimize pollution of water, air and soil.

- We monitor and gradually reduce our

carbon footprint to actively reduce global

adverse climate impact.

- We develop integrated logistics solutions

and synergies aimed at minimizing our

overall impacts.

- We contribute to the preservation and

restoration of natural ecosystems through

environmental initiatives to protect and

revaluate local resources.

“ I think having land and not ruining it is the most beautiful art that anybody could ever want. “

Andy Warhol

ENVIRONMENT

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The relationships between Gianni Versace

Spa and our suppliers are grounded in

fairness and responsibility. We do not

choose simple actions, but concrete

achievable improvement plans.We consider

the possibilities and limits of each of our

partners and we communicate honestly with

maximum transparency.

4. TRANSPARENCY

“ Honesty and transparency make you vulnerable. Be honest and transparent anyway. “

Mother Teresa

TRANSPARENCY

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COMPLIANCE

- W e g u a r a n t e e f u l l a n d s c r u p u l o u s

compliance with current laws and regulations

in the areas related to our business. We

operate in full respect of the spirit of the

law as well as of its normative dictates.

- We track our entire value chain, both

upstream and downstream, to progressively

improve our impact.

- We work together to optimize the testing

of products and the audits of our production

f ac i l i t i e s and l abora tor ies through a

transparent and continuous exchange of

information.

- We share clear and shared procedures and

concrete application guidelines

COLLABORATION

- We flag emerging issues in the early design

and prototype stages.We help each other to

achieve the best results.

- We work with a long-term perspective.

We share concrete plans to systematically

improve our social and environmental

sustainability practices.

- We foster dialogue among our people

t h r o u g h c o m m u n i c a t i o n t o o l s a n d

information exchange.

- The doors of our companies are open to

anyone who wants to better get to know us

through a mutual exchange.

- W e i n f o r m t h e G i a n n i V e r s a c e S p a

transparently of any problems or difficulties

in applying this code of conduct.

- We ensure that our respective suppliers

also comply with this code.

TRANSPARENCY

CONTACTS

sustainableinnovation@versace.it

Marta Lualdi

Sustainability and Product Compliance Associate Manager

Carlo Licausi

Senior Director, RTW Operations

Paola Dell’Aversana

VP, Lg & Shoes Operations