Brunello Cucinelli S p A : 009 RELAZIONE 2025 EN4

About this update from Brunello Cucinelli S.p.a.

2025 REPORT ON HUMANISTIC CAPITALISM AND HUMAN SUSTAINABILITY "I dreamed of a company that would be profitable while upholding ethics and dignity, without causing any harm to people or offence to Creation, or at least, as little as possible. Spending my childhood in the countryside and experiencing rural life planted the seed and nurtured the growth of Humanistic Capitalism and Human Sustainability within my soul. My family and I lived in close contact with nature because it provided us with everything we needed. We had a mutual respect for nature, and everything unfolded in harmony with Creation." Brunello Cucinelli CONTENTS THOUGHTS ON THE CONTEMPORARY WORLD 1 INTRODUCTION. HUMANISTIC CAPITALISM AND HUMAN SUSTAINABILITY 6 OUR IDEA OF HUMANISTIC CAPITALISM AND HUMAN SUSTAINABILITY 6 The six forms of Human Sustainability 7 ENDURING IDEALS FOR LIFE AND WORK - OUR DECALOGUES 14 OUR COMMITMENT 20 The 2024-2028 Sustainability Plan, "In Harmony with Creation" 21 Human Sustainability: key activities in 2024 24 CHAPTER 1. ECONOMIC SUSTAINABILITY DURING WORK WE SUPPORT FAIR PROFITABILITY AND HARMONY BETWEEN PROFIT AND GIVING BACK TO THE COMMUNITY 30 THE BUSINESS MODEL AND THE VALUE CHAIN 30 GENTLE LUXURY AND BRAND IDENTITY 35 A SPECIAL AND AUTHENTIC RELATIONSHIP WITH THE CUSTOMER 43 SUSTAINABLE GROWTH AND HEALTHY PROFITABILITY 49 Strategic choices and results in 2025 50 CHAPTER 2. MORAL SUSTAINABILITY WE COMMEMORATE OUR FOREFATHERS. THEY TAUGHT US TO RESPECT THE LAW, AND OUR STORY IS WRITTEN IN THEIR WORDS 52 CORPORATE GOVERNANCE 52 Governance of sustainability 58 HUMAN RELATIONS: DIALOGUE WITH STAKEHOLDERS 61 ETHICAL BUSINESS MANAGEMENT 68 HUMAN PRIVACY 72 CHAPTER 3. ENVIRONMENTAL SUSTAINABILITY WE ALWAYS ACT AS LOYAL GUARDIANS OF CREATION 74 COMBATING CLIMATE CHANGE 77 OUR FOCUS ON PRESERVING THE DIVERSITY OF CREATION 78 BALANCE BETWEEN GIVING AND TAKING IN RELATIONSHIPS WITH CREATION 83 Energy 83 Emissions 84 Water resources 87 Waste 88 SUSTAINABLE SUPPLY CHAIN MANAGEMENT 89 Procurement and management of raw materials 92 Sustainable management of supplier relations 95 CHAPTER 4. CULTURAL SUSTAINABILITY WE BELIEVE IN THE UNIVERSALISM OF THE WORLD AND ACT WITH GREAT RESPECT FOR ALL CIVILISATIONS 98 SOLOMEO: HAMLET OF CASHMERE AND HARMONY 98 Restoring the Hamlet of Solomeo to its former glory 100 The community and the local region 104 THE VALUE OF CRAFTSMANSHIP AND MANUAL SKILLS 119 Our production organisation 119 Preserving artisan savoir faire Made in Italy 123 CHAPTER 5. MORAL AND SPIRITUAL SUSTAINABILITY WE BELIEVE IN THE MORAL DIGNITY OF THE HUMAN BEING 125 OUR HUMAN RESOURCES 125 Attraction and selection 127 UNIVERSAL WORKING CONDITIONS FOR THE HUMAN BEING 130 Uniqueness 130 Training and development 133 Dignity and beauty in the workplace 143 Health and safety 145 CHAPTER 6. TECHNOLOGICAL SUSTAINABILITY WE WELCOME FAIR CHANGE TO GET THE BEST FROM OUR TIME 148 TECHNOLOGY, HUMANISM AND ARTIFICIAL INTELLIGENCE 148 Digitalisation and technological development 153

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