SUSTAINABILIT YPOLICY

— Table of Contents

1. COMMITMENT

2

2. VALUES AND PRINCIPLES

2

3. COURSES OF ACTION

2PeopleEnvironment
CultureApplication

— 1. Commitment
Due to a natural inclination, but also in response tosocietal demands, the Prada Group (the “Group” or“Prada”) promotes a corporate culture that aspires toincreasingly sustainable balances, incorporating into
its work the idea of a return of value to society.
The Group combines its characteristic know-how
with principles supporting the enhancement of theindividual, the protection of the environment and thepromotion of culture, considering this as the way topursue its financial growth and to share it with thecommunities and areas where it does business.
The Prada Group believes that sustainability isa factor of growing importance for its progress,
achievement of strategic objectives, and improvementof performance, and that it is essential to safeguarding
its identity.
The publication of this sustainability policy is an
important formal occasion for keeping the Group’s
ethical values alive and functioning well andreaffirming the Directors’ commitment to the wider
responsibility that contemporary businesses arecalled upon to assume.

— 2. Values andprinciples
The Prada Group conducts business according
to principles of integrity, honesty, loyalty andtransparency, in full compliance with the applicablelaws and regulations, by building trust-based
relationships with stakeholders both within andoutside the organization, and by undertaking to set
higher standards than those of the various
regulations applicable in over 40 countries where it isdirectly present.
Moreover, the Prada Group is committed to operatingwith full respect for the value of the individual and forthe human and workers’ rights enshrined in Italian andinternational covenants and declarations, such as
the United Nations Universal Declaration of HumanRights, the International Labor Organization (ILO)
SUSTAINABILITY POLICY

Declaration on Fundamental Principles and Rights atWork, and the Organization for Economic
Co-operation and Development (OECD) Guidelines forMultinational Enterprises.
Prada considers unacceptable any form of forcedlabor or child labor and any type of employment or
professional discrimination. It recognizes the rightto collective bargaining and to exercise freedom ofassociation both internally and within its sphereof influence throughout the entire value chain.
Close observation of and curiosity about all theworld’s cultures are at the heart of the Prada Group’screativity and modernity and are the natural condition
for the Prada Group’s communications with its many
stakeholders.
The Group’s cooperation with stakeholders such as
trade unions and tax authorities, and with partners
outside its specific scope of business such asuniversities and large international institutions, isconsidered key to the establishment of common
values based on a balance between businessobjectives and societal demands.
The Prada Group is committed to creating,developing and strengthening cooperative ties withthe communities where it does business, in social andenvironmental terms, as they are deemed necessary
for inclusive growth.

— 3. Courses of action
PeopleThe Prada Group – a universe composed of amultitude of cultures, ethnic groups, religions andpersonal orientations - firmly believes that diversityand inclusion are valuable sources of inspiration for
its work and, more in general, are instrumental tothe enrichment of progress in terms of culture andwellness to be shared with its stakeholders.
The Group, which has always been driven topreserve its manufacturing competence, invests inthe professional development of its employees withthe objective of increasing their talent and handing
down professional skills from one generation toanother. Prada ensures equal opportunity and working
conditions, and considers the professional andpersonal satisfaction of its people a top priority.
2

Meanwhile, the Group concretely encourages
responsible, conscious behavior regarding health andsafety according to the highest standards and in fullcompliance with local and international regulations,both internally and throughout its value chain.

literature, architecture and cinema. The timelessattraction to the art world is a primary source ofinspiration offering constant opportunities for sharing
and communicating with people, producing a positive
impact on their lives and on the development ofsociety in general.

Environment

The Group supports cultural progress through thesponsorship of Fondazione Prada and other direct
forms of engagement, from scientific research to therescue of artistic and architectural legacies to theorganization of conferences, with both financial grants
and the use of internal resources.

Prada, well aware of its responsibility toward future
generations, has consistently run its business inharmony with the places where it operates and withrespect for the environment.
Prada feels responsible for engaging in and cultivatingpro-environmental behaviors and acts to create
examples of good practice within the industry.
Respect for the places has been a guiding principle for
the Prada Group from the start. Reducing land take,renovating existing structures and working towardbuilding requalification have inspired the decisions
made in more than thirty years of industrial
development. With the belief that new construction
can affect an area considerably, and that such a
decision must be taken only when necessary, thePrada Group prefers to purchase and save existingbuildings with the adoption of the latest technologies.
The few newly constructed buildings fit harmoniously
into the local areas, without causing disruption.
The Prada Group adopts innovative solutions toprogressively improve its environmental performance:
improvement of energy efficiency, use of renewableenergy sources, reduction of waste and responsible
use of raw and other materials are the fundamental
ways to meet this objective.
The Group’s environmental efforts go beyond thecorporate perimeter by raising the awareness of
its partners and forging business relationships withqualified external parties.

Application
Prada S.p.A’s Board of Directors oversees the settingof the Group’s Sustainability Policy guidelines andtheir continuous updating, consistently with theevolving context in which the Group operates.
The Prada Group regularly discloses information on
its sustainability activities to its stakeholders in its
Sustainability Report published on the website
www.pradagroup.com.

Approved by the Board of Directors of
Prada S.p.A.on March 15, 2019Prada S.p.A.
Via Antonio Fogazzaro, 28
20135 Milan - Italye-mail: csr@pradagroup.com

CultureThe bond with art and culture is an integral part ofthe corporate identity and enables the Prada Groupto understand and interpret changes in society andstimulate new ways to grow.
The Prada Group contributes to the promotion ofvarious artistic expressions such as philosophy,

SUSTAINABILITY POLICY3