SUPPLIERS CODE OF
CONDUC T

PRADA GROUP’S PURPOSE
With a thoughtful and pioneering
vision, the Prada Group is aglobal leader in luxury.
We own some of the world’s
most prestigious brands:
Prada, Miu Miu, Church’s, Car
Shoe, Marchesi 1824 and Luna
Rossa.

By being
DRIVERS of CHANGE,
we offer an unconventional
dialogue and interpretation ofthe contemporary, as expressionof our way of doing businessfor PLANET, PEOPLE andCULTURE.

— Table of Contents

1. INTRODUCTION

2

2. SCOPE OF APPLICATION

3

3. PRINCIPLES

3

3.1 Business ethics
3.2 People
3.3 Planet

4. MONITORING AND
IMPLEMENTATION

5

5. LOOKING FORWARD

5

— 1. Introduction
The Prada Group (the "Group" or "Prada") operates
according to principles of integrity, honesty, fairness andtransparency, in full compliance with applicable laws
and regulations, striving, where possible, to set higher
standards with respect to the different regulatory scenario
it has to refer to in the more than 40 countries where it
operates.
The Prada Group's strategic choices have always been
guided by a desire for lasting success that benefits all
its stakeholders, be they shareholders, employees,
customers, suppliers or the communities where it does
business. Sustainability and a constant and transparent
dialogue with its stakeholders are key elements forreaffirming the Group's identity and sustaining its
competitive capacity, as well as for facing contemporary
and future changes and challenges and ensuring longterm inclusive growth.
For the Prada Group, business relationship choices are
key to achieving not only the highest standards of quality
and product excellence, but also to creating value in themedium and long-term.

— The United Nations (UN) International Bill of

Human Rights, consisting of the Universal
Declaration of Human Rights, International
Covenant on Civil and Political Rights and theInternational Covenant on Economic, Socialand Cultural Rights;— The International Labour Organization (ILO)
Fundamental Conventions;— The International Labour Organization (ILO)
Declaration on Fundamental Principles andRights at Work;— The United Nations (UN) Guiding Principles onBusiness and Human Rights;— The United Nations (UN) Global Compact;— The Organization for Economic Co-operation
and Development (OECD) Guidelines forMultinational Enterprises;— The United Nations Fashion Industry Charterfor Climate Action of the FrameworkConvention on climate change (UNFCCC).

The Group strongly believes that the implementation of its
strategy and sustainable growth is only possible throughthe involvement of its suppliers.
In line with the Group's public commitments onsustainability, this Suppliers Code of Conduct (hereinafteralso referred to as the “Code”) aims to define the ethical,
social and environmental standards applicable to theGroup's business partners, even in cases where thereference legislation is less stringent.
The Code is a direct expression of the fundamental values
described in the “Code of Ethics” and, in continuity withthe “Human Rights Policy” of the Prada Group1,
it incorporates the principles expressed in the following
documents:

1 Both the Code of Ethics and the Human Rights Policy were approved by the Prada S.p.A.’s Board of Directors and are available on thewww.pradagroup.com institutional website. Prada S.p.A. has also adopted compliance models such as the Organisation, Management andControl Model pursuant to Legislative Decree 231/01 concerning the administrative liability of entities.	  

SUPPLIERS CODE OF CONDUCT2— 2. Scope ofapplication

Therefore, Group suppliers are in turn obliged tooperate with full respect for the value of people,
human and workers’ rights.

Prohibition of child labour
This Code applies to the Group's business partners,
i.e. any entity supplying products and/or services tothe Group (the "suppliers"). The observance of theprinciples and standards contained in this Code is aprerequisite for starting and/or maintaining a business
relationship with the Group, regardless of express
provisions between the parties.

Group suppliers are required not to employ young
workers who are less than 15 years of age or underthe age for completion of compulsory education,
whichever is the higher. They also undertake to avoid
the involvement of young workers under the age of
18 in hazardous work or difficult conditions that may
impair physical or mental health, such as long hours
or working at night.

Suppliers shall also ensure that their sub-suppliers
used with reference to the business relationship with
the Group (hereinafter referred to as “sub-suppliers”)
also comply with the requirements set by this Code.

Freedom from forced labour, including modern
slavery and human trafficking— 3. Principles

In particular, the term “forced or compulsory labour”
shall mean “all work or service which is exacted fromany person under the menace of any penalty andfor which the said person has not offered himself
voluntarily”, as defined in the ILO Convention on
forced and compulsory labour of 1930 (no. 29).

3.1 Business ethics
Group suppliers are required to operate in compliancewith the principle of legality, of applicable domestic
and international rules and regulations, including but
not limited to laws preventing and fighting corruption
and money laundering, as well as protecting
competition.
Group suppliers are required to prevent and counter
any actual or potential conflict of interest in supportof the integrity of the Group’s value chain.
In addition, suppliers undertake to protect theinformation and data disclosed to them, or to which
they may have access in their business relationshipwith the Group, and not to disseminate, share or use
them for purposes other than those concerning theirrelationship with the Group.

3.2 People
The Group is committed to operating with full respect
for the value of the individual, human and labourrights. The Group recognises its responsibility torespect human rights and is committed to taking aproactive approach to promoting respect for theserights.

SUPPLIERS CODE OF CONDUCTGroup suppliers are required not to use forced labour,
including but not limited to modern slavery andhuman trafficking, under any circumstance.

Freedom of association and collective
bargaining
Group suppliers are required to respect theiremployees’ right to form, participate and organize
trade unions to their own will, without fearing
to be discriminated, intimidated or retaliatedagainst. Suppliers are also required to undertaketo maintain an open and constructive dialogue withrepresentatives of recognised trade unions according
to applicable regulations, negotiating fairly andrespecting trade union role.

Non-discrimination, diversity and equal
opportunity
Group suppliers are expected not to discriminate in
the workplace ensuring equal opportunity and equal
treatment to all their employees, regardless to theirrace, nationality, language, age, sex, gender, gender
identity, sexual orientation, ethnicity/culture, religion,
physical condition and disability, economic condition,
political or trade union opinion. Suppliers are also
expected to support working conditions that promote
diversity and inclusion.

3Ensuring a working environment free fromharassment
Group suppliers are required to guarantee theiremployees a healthy working environment, ensuringthat they are treated with dignity and respect and are
not subjected to harassment or violence of any nature,including physical abuse, psychological abuse, verbal
abuse and any other form of sexual harassment.

Fair wages and benefits
Group suppliers are required to offer their employees
a fair level of remuneration, which reflects eachindividual’s knowledge and skills, avoiding personaland gender bias. Group suppliers are also required
to pay salaries regularly, to remunerate overtime
according to the law and to comply with all applicablestatutory provisions on contribution. Salaries shall be
at least the same level as the minimum wage requiredby national laws and shall represent a living wage for
employees.

Working hours
Group suppliers are required to comply with local
and international regulations on working time limits,
including overtime, both on a daily and weekly
basis, and to enforce them on their sub-suppliers. In
addition, suppliers are required to provide employeeswith breaks and the minimum number of rest days
established by applicable regulations, guaranteeing atleast one rest day in seven consecutive working days,
except in exceptional circumstances.

Right to occupational health and safety
Group suppliers are required to maintain responsible
behaviour regarding health and safety, in accordancewith local and international regulations, ensuring
training and information on health and safety
regulations to all their employees, as well as
appropriate training on the type of activity carried out.

3.3 Planet
The Group adopts innovative solutions in order toprogressively improve its environmental footprint, inline with the public commitments it has undertaken(e.g. The Fashion Pact): the efficient use of resources,
the use of renewable energy sources, the responsible
management of chemical substances in production
processes, the reduction of waste, as well as theresponsible use and traceability of raw materials are
the key guidelines for this goal, also with a view tocircularity. The Group requires that its suppliers,
SUPPLIERS CODE OF CONDUCTin addition to complying with applicable environmental
legislation, and consistently with the policies adopted
by the Group itself, undertake to monitor and reduce
its environmental impact.

Energy consumption and greenhouse gasemissions
Group suppliers are encouraged to measuregreenhouse gas emissions related to their activities.
Furthermore, the Group expects its suppliers toimplement emission reduction plans through energy
efficiency initiatives and self-production and/or
purchase of renewable energy.

Water consumption
Group suppliers are encouraged to measure water
consumption related to their operations. In addition,
the Group expects its suppliers to implement plans toreduce water consumption through water recycling
initiatives, especially for those suppliers using waterintensive production processes and for those locatedin water-stressed areas.

Water discharges and waste
Group suppliers are encouraged to measure theamount and destination of waste produced, including
water discharges related to their operations.
Furthermore, the Group expects its suppliers toimplement waste reduction plans, minimising theamount of waste going to landfill. In the event that
suppliers use chemicals in their production processes,
they are required to at least ensure compliance withthe regulations in force for wastewater flows.

Biodiversity, animal welfare and raw material
traceabilityGroup suppliers share Prada's commitment to protect
the environment and biodiversity, through a strategy
of safeguarding the territory, promoting sustainable
management of natural forests, and supporting
activities to discourage deforestation. Furthermore,
the Group expects its suppliers to comply withnational and international standards on the protectionof animal welfare and dignity, guaranteeing maximum
welfare conditions at all stages of the animal's life.
Suppliers of raw materials are required to guarantee
the traceability of raw materials to ensure that theprotection and conservation of biodiversity as well as
respect for animal welfare are extended to all stagesof the supply chain upstream.

4— 4. Monitoring andimplementation
Compliance with this Code shall be consideredbinding as well as any contractual obligations.
In order to be able to assess compliance with theprovisions of this Code, the Group reserves the rightto carry out periodic audits of its suppliers and subsuppliers, also through external consultants, in orderto verify compliance with the provisions contained
herein.
In the event of an audit, the supplier undertakes toshare with the Group and its designated persons all
information and documents necessary for the purposeof the assessment and concerning business relations
with the Group itself in a transparent and collaborative
manner, as well as to facilitate any access to its
own facilities or those of its sub-suppliers, ensuringthat the latter also provide such information anddocuments.
These verifications will be the subject of an audit
report by the Group. Prada reserves the right to share
the results of such audits with its suppliers.
In the event of non-conformities found during audits,the supplier undertakes to formalise and implement
corrective actions to remedy such non-conformities.
The Group undertakes to support the supplier, witha view to continuous improvement, in devising andimplementing corrective actions. Suppliers are awarethat failure to comply with this Code, as well as failure
to implement corrective actions aimed at overcoming
the non-compliance found, may expose them to therisk of termination of their relationship with thePrada Group.
The Group has activated a whistleblowing system forany report concerning an alleged and/or ascertained
violation of this Code, of the Organization,
Management and Control Model pursuant to Law
Decree 231/01 or of any contractual agreement with
Prada Group companies. In particular, the Group has
adopted a web platform accessible by everyone via
the institutional web site www.pradagroup.com andavailable in several languages, which ensures theconfidentiality of the identity of the whistleblower andthe information contained in the report, in compliance
SUPPLIERS CODE OF CONDUCTwith applicable laws on personal data protection andwhistleblower safeguard, making possible for thewhistleblower to choose anonymity. Other reporting
channels are:— e-mail: whistleblowing@pradagroup.com— ordinary mail: Prada S.p.A.,

Via Antonio Fogazzaro 28, 20135 Milan, Italy(k.a.: Internal Audit)

Any breach of the Code reported through thesechannels will be promptly assessed by the Ethics
Committee. In handling such reports, the Group will
act to safeguard the reporting parties against any formof retaliation. In addition, the supplier undertakes not
to carry out any retaliation or discrimination against
personnel who have reported in good faith events thatare considered to be unlawful. The Group reserves
the right to terminate all relations with suppliers in theevent of retaliation or discrimination by them against
whistleblowers.
The Group invites its suppliers to adopt a
whistleblowing system for the purpose of properly
reporting actual or alleged violations of standards,
national and international regulations, this Code andthe ESG standards adopted by the Prada Group.

— 5. Looking forward
In order to ensure constant appropriateness andeffectiveness of this Code, the Group reserves the rightto revise its content and implementation on the basisof any regulatory developments, best practices andrecommendations provided by stakeholders.
Finally, the Group encourages its suppliers to participatein events aimed at sharing best practices and standards
on sustainability in the industry, including training
activities, organized both by Prada and third parties.
Any suggestions, opinions and comments on this Codecan be sent by email to: csr@pradagroup.com.

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