2022 GUCCI EQUILIBRIUM IMPACT REPORTPowered by collaboration and innovation, our third annual 2022 Gucci Equilibrium Impact Report is atestament to our conviction to generate positive change for People and our Planet. Together, we’re building
on our legacy as an innovative, progressive, influential and modern luxury House, ever-evolving to meet
our sustainability ambitions designed for the future. Available to read in full on Equilibrium.Gucci.com, key
highlights in 2022 include:

PEOPLE HIGHLIGHTSOUR CULTURE
Corporate volunteering:empowering our people to create
positive impacts in their localcommunities, more than 2,000
employees participated in theGucci Changemakers Volunteering
Program in 2022, totalling over
7,000 hours volunteered in supportof over 100 NGOs in over 55 cities
around the world.
Creating lasting impact: in 2022,
through Gucci Changemakers
North America, our social impact
initiative enhanced inclusion anddiversity within the fashion industry
and supported local communities
across North America. We awarded$600,000 USD to 12 Impact Fundrecipients and provided $280,000
USD in scholarship grants to support
diverse students, furthering ourcommitment to foster educational
opportunities. Since launching in2019, we have invested $4.7 million
USD in community funding andscholarship programs.
Gender equality: in 2022, throughGucci CHIME, we continued ourcommitment to promote genderequality by providing support to 17
NGOs in 20 countries benefitting
3,297 women and girls. Since its
inception in 2013, the initiative has
been a powerful force in convening,uniting, and amplifying voices
advocating for gender equality
worldwide, positively impacting
635,000 women and girls reaching
3 million families and communities.

EMPOWERING DIVERSITY,INCLUSION AND EQUITY
Female leadership: in 2022, wecontinued to promote diverse talentand leadership, with 57% female
members in management roles and63.1% female employees overall.
Gender pay gap: in 2021, we
carried out a global pay gap
analysis and adopted a dedicatedGender Balance Report in Italy toidentify any disparities in salaries
and determine areas for further
analysis and corrective measures. In
2022, we continued this importantwork globally and, in 2023, thecompany became the first major
Italian luxury group to receive
certification for gender parity inItaly, as outlined in the National
Recovery and Resilience Plan(NRRP).
Accessibility: in 2022, as the firstand only luxury brand, Gucci wasnamed one of the 2022 Best Places
to Work For Disability Inclusionby the Disability Equality Index inrecognition of our dedication tofostering enhanced opportunities
for individuals with disabilities
within our workplace.

PRESERVING CRAFT ANDSUPPORTING SUPPLIERS
FOR TOMORROW
Leather Goods and Footwear:
in 2022, 1093 employees trainedat ArtLab and Factories Academy.
Within the Gucci École de l’Amour
innovative programme, we also
provided technical training to55 people through the Factory
School and, simultaneously, ourCraftsmanship School imparted
craft skills to 22 high school
graduates and unemployed youths
aged 18 to 26 in the futuristic Gucci
ArtLab Firenze.
Ready-to-wear: in 2022, incollaboration with Istituto Secoli, we
facilitated the establishment of a
new course on Fashion Prototyping
aimed at nurturing the know- howthat underpins Italy’s rich creative
heritage, while investing in training
young talents specializing in readyto-wear. Our colleagues contributeto the training programs, and uponcourse completion internship at
Gucci is offered to at least threeof the young trainees every year.
Supplier financing: initiallylaunched in May 2020 with Intesa
Sanpaolo bank to support oursuppliers during the COVID-19
pandemic, providing faster
access to loans at better terms
and conditions, we expanded the‘Sviluppo Filiere’ program’s scope
to green financing in 2021. At the of2022, 189 of our Italian suppliers
accessed loans through theprogram, totalling €330 million EUR
since launching with over 36% ofour suppliers benefiting.

PLANET HIGHLIGHTS
ENHANCING A CIRCULAR AND
SUSTAINABLE VISION
Circular approach: working withexperts and organizations help
us further scale and embed theprinciples of the circular economy
across our activities and, in July
2022, we became a strategic partnerof the Ellen MacArthur Foundation,a leading authority on the circulareconomy. From the early stagesof our collections’ conception, we
have been pursuing circularity,
designing out waste and pollution
while enhancing durability, recovery,
reuse, recycling and second life.
This partnership complements andaugments our ongoing initiatives.
Upcycling: in 2022, in the pursuit ofsolutions to optimise manufacturing
efficiencies and give new life tooffcuts, our Gucci-Up program
recovered and upcycled 350 tonsof leather leftovers, 298 tons oftextile leftovers and 67 tons of metal
scraps. Additionally, we donated
48,000 meters of fabric to social
cooperatives and NGOs.
Innovative processes: in 2022, weavoided using 91,000 meters ofleather through our Gucci Scrapless program, totalling 329,434
square meters since its inception
in 2018. Consequently, in 2022, theinitiative saved energy equivalent
to 477 MwH; avoided using 75 tonsof chemicals, including 10 tons ofchrome; avoided producing over
73.4 tons of waste; and saved 5.8
million litres of water.
Traceability: in 2022, we increased
traceability for our raw materials,
achieving an overall traceability
rate of 97%.
Sustainable materials: we madenotable strides in incorporating
sustainable materials into ourcollections in 2022. The quantity oforganic or recycled cotton has risen
to 74% from 61% the year before,
while our use of organic, recycledor responsibly sourced wool andcashmere has increased to 60% from
47% since 2021. Furthermore, we
incorporated more metal or chromefree leather, accounting for 49% of
the total leather in our collections,up from 40% since 2021. We also
almost doubled our year-on-year
organic silk covering 46% in 2022
and maintained our 100% target for
responsibly sourced precious metals(recycled silver, recycled palladium
leather and ethical gold) and 100%
paper from responsibly-managed
forest sources, as a few examples ofour progress.

REGENERATIVE AGRICULTURE
THROUGH A NATUREPOSITIVE APPROACH
Regenerative agriculture: inrecognition of our dedication tochampion regenerative agriculture,
Gucci’s CEO and Chairman, Marco
Bizzarri, was presented with The
Climate Change Award at the 2022
CNMI Sustainable Fashion Awards
ceremony. We have been investingin regenerative agriculture since2020, while protecting and restoring
nature and biodiversity.
Supply chain transformation: in2022, we scaled up our commitment
to regenerative agriculture, creating
value for nature and communities,
through partnering with andinvesting in a number of projects
in Italy and around the world,
including:· Regenerative wool project inUruguay, where we are supportinga group of ten farmers for theadoption of regenerative agriculture
practices on 100,000 hectares ofland, with a projected potential toreplace 19% of the conventional
wool we currently use.
· Regenerative wool project in
Alpago, in the Italian region of
Veneto, where we are supporting acooperative of farmers to preserve
natural breeding practices andfollow ancient pastoral traditions.
In 2022, we replaced 11% of Gucci’s
conventional wool, integrating theproject’s regenerative wool intocollections starting with Gucci Aria.
· Regenerative silk in Calabria,
where we are supporting therediscovery of traditional artisanal
skills and created employment
opportunities, while investing inregenerative silk production for theHouse’s future collections.
· Regenerative Cotton Project inSicily, where we have supported
a pilot to help revive cotton
production and restore Italy’s cotton
supply chain, whereby we have
replaced 2% of Gucci’s conventional
cotton use in 2022, with a goal forthe project’s regenerative cotton toreplace 5% of it.

TACKLING CLIMATE CHANGE
AND REDUCING OURFOOTPRINT
Reducing our footprint: in 2022,aligned with our Science-Based
Target (under our parent company
Kering and verified by the SBTi)
we reduced -68% of our Absolute
GHG emissions in Scopes 1 and 2 of
the Greenhouse Gas Protocol andachieved a -55% reduction of ourGHG emissions related to intensity inScope 3 (baseline 2015). Backed byscience, our climate strategy helps
to propel radical transformation
across our value chain.
Green energy: in 2022, we
successfully achieved 100%
renewable energy for our worldwide directly operated stores,in accordance with the RE100guidelines. This milestone builds
upon our commitment to adopt
greener choices and implement
best practice for sustainability in
our corporate facilities and retailoperations.
LEED-certified stores: increasingfrom 66 LEED-certified stores andcorporate locations in 2021, we
made significant strides totalling
111 LEED-certified stores and 4
LEED-certified corporate locationsin 2022. Our goal is to certify 380 of
our eligible directly-operated storesby 2025.

SUSTAINABLE DEVELOPMENT GOALS
Gucci’s long term-sustainability strategy is aligned with the United Nations Sustainable Development Goals
as demonstrated by a selection of highlighted actions.

PEOPLE
DIVERSITY, INCLUSION& EQUITY· Gucci’s Diversity, Equity and Inclusion
Policy· 57% female managers and 63.1%
female employees· Adopted Gender Balance Reportin Italy· Training women in Italian luxury
supply chain· Supporting women and girls via
Gucci CHIME· Private sector lead on the Feminist

Movements & Leadership Action
Coalition for UN Women’s Generation
Equality Action Coalitions· Awarded one of the 2022 Best Places
to Work For Disability Inclusion bythe Disability Equality Index· Baby Leave· Health and safety policy· Charter on Well-Being of models· Policy on Domestic Violence

COMMUNITY IMPACT· Providing scholarships to diverse
students and supporting NGOs for
positive impact in local communities
through Gucci Changemakers North
America· Employees supporting over 100 local
NGOs around the world throughGucci Changemakers Volunteering
ProgramPRESERVINGCRAFTMANSHIP· Gucci École de l’Amour, hosted in
the Gucci ArtLab offers three courses:
Craftsmanship School, Factory School,
and ArtLab and Factories· Fashion Prototyping course establishedto train young talents artisanship forready-to-wear with internship for atleast three trainees each year

SUPPLIER ENGAGEMENT· 2,354 suppliers audited to ensurealignment with SustainabilityPrinciples and Code of Ethics· Sviluppo Filiere supplier loans andgreen financing program· Responsible Purchasing Codeof Conduct

PLANETSUSTAINABLE SOURCING& DESIGN· 97% traceability overall· Aligning with sustainability standards
and increasing recycled, organic
bio-based, regenerative raw materials· Circular manufacturing innovations· Strategic Partner of Ellen MacArthur
Foundation· Development of Circular Hub tofacilitate circular infrastructure in
Italian luxury supply chain

BIODIVERSITY· Investing in regenerative agriculture· Natural Climate Solutions Portfolio
protecting & restoring nature· -58% Intensity EP&L reduction since2015 including water use and waterpollution, air pollution, waste
and land use

CLIMATE· Climate Strategy with 1.5° trajectory· Science Based Target· -68% Absolute GHG emissions
reduction in scopes 1 & 2 and -55%

Intensity GHG emissions reductionin Scope 3 since 2015
· 100% Renewable Energy inaccordance with RE100 guidelines