Action Plan

January 23, 2024

Action Plan

The action plan translates the pillars of the sustainability strategy into a path of activities in the short, medium and long term. Each year, the various points are updated in a process of continuous alignment with the company's objectives and performance, also in relation to the Group's cultural growth with regards to sustainability.

Pillar	Target & actions
People	Initiating a Group Performance Management process, respecting cultural diversity, to promote a shared company-wide model of competencies, values, and objectives.
	Listening to the workforce on an ongoing basis to implement welfare, well-being and career development initiatives that support personal and professional growth at Group level.
	Defining HR metrics to create a Group People Dashboard and monitor alignment with business performance and strategy.
Planet	Product design and material selection
	Life cycle assessment activities for the different product categories (make & buy) in accordance with international standards (e.g. ISO 14040) to quantify the main environmental impacts of products.
	Researching and experimenting with certified raw materials/logistics supply solutions with lower environmental impact.

	Packaging changes
	Sustainable production
	Activate a Group-wide process to monitor and report greenhouse gas emissions (broken down by GHG Protocol Scope 1, 2 and 3).
	-55% by 2030 (baseline 2020-21) for Scopes 1 and 2, prioritizing activities to reduce energy consumption and the gradual transition to systems based on alternative energy sources.
	Mobility plan and sustainable mobility culture.
	Researching and experimenting more effective waste management solutions, favoring forms of circular economy.
	End of life management
	Applying principles for a more sustainable end-of-life of products, both by extending the life of products and by encouraging repair and reuse practices among consumers.
Participation	Promoting both corporate-level and brand social initiatives, in line with the Group's principles, encouraging forms of organizational citizenship.
	Adopting a Group-wide Supplier Code of Conduct that incorporates ESG factors into the supplier selection and audit process.
	Implement a Group-wide supplier screening and evaluation process that includes ESG criteria.
	Establishing partnership projects with industry players or stakeholders to activate joint ESG transformation processes.
Governance	Establishing a cross-functional team to deal with ESG topics and projects at Group level and assign roles.
	Formalizing material ESG topics and related KPIs in reference frameworks, adopting common processes and tools across the Group.
	Sustainability reporting activities (e.g. sustainability report).
	Completing the process of adopting the organization and control model in Selle Royal Group S.p.A. in accordance with Legislative Decree 231/01.
	Adopting a Group-wide code of conduct.