Brunello Cucinelli S.p.a.MIL: BC

009 Relazione 2025 en4

· Issued by 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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