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2022 GUCCI EQUILIBRIUM IMPACT REPORT

Powered by collaboration and innovation, our third annual 2022 Gucci Equilibrium Impact Report is a
testament 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 HIGHLIGHTS
OUR CULTURE EMPOWERING DIVERSITY, PRESERVING CRAFT AND
INCLUSION AND EQUITY SUPPORTING SUPPLIERS
Corporate volunteering:
empowering our people to create Female leadership: in 2022, we
FOR TOMORROW
positive impacts in their local continued to promote diverse talent
communities, more than 2,000 Leather Goods and Footwear:
and leadership, with 57% female in 2022, 1093 employees trained
employees participated in the members in management roles and
Gucci Changemakers Volunteering at ArtLab and Factories Academy.
63.1% female employees overall. Within the Gucci École de l’Amour
Program in 2022, totalling over
7,000 hours volunteered in support innovative programme, we also
Gender pay gap: in 2021, we provided technical training to
of over 100 NGOs in over 55 cities carried out a global pay gap
around the world. 55 people through the Factory
analysis and adopted a dedicated School and, simultaneously, our
Gender Balance Report in Italy to Craftsmanship School imparted
Creating lasting impact: in 2022, identify any disparities in salaries
through Gucci Changemakers craft skills to 22 high school
and determine areas for further graduates and unemployed youths
North America, our social impact analysis and corrective measures. In
initiative enhanced inclusion and aged 18 to 26 in the futuristic Gucci
2022, we continued this important ArtLab Firenze.
diversity within the fashion industry work globally and, in 2023, the
and supported local communities company became the first major
across North America. We awarded Ready-to-wear: in 2022, in
Italian luxury group to receive collaboration with Istituto Secoli, we
$600,000 USD to 12 Impact Fund certification for gender parity in
recipients and provided $280,000 facilitated the establishment of a
Italy, as outlined in the National new course on Fashion Prototyping
USD in scholarship grants to support Recovery and Resilience Plan
diverse students, furthering our aimed at nurturing the know- how
(NRRP). that underpins Italy’s rich creative
commitment to foster educational
opportunities. Since launching in heritage, while investing in training
Accessibility: in 2022, as the first young talents specializing in ready-
2019, we have invested $4.7 million and only luxury brand, Gucci was
USD in community funding and to-wear. Our colleagues contribute
named one of the 2022 Best Places to the training programs, and upon
scholarship programs. to Work For Disability Inclusion course completion internship at
by the Disability Equality Index in Gucci is offered to at least three
Gender equality: in 2022, through recognition of our dedication to
Gucci CHIME, we continued our of the young trainees every year.
fostering enhanced opportunities
commitment to promote gender for individuals with disabilities
equality by providing support to 17 Supplier financing: initially
within our workplace. launched in May 2020 with Intesa
NGOs in 20 countries benefitting
3,297 women and girls. Since its Sanpaolo bank to support our
inception in 2013, the initiative has suppliers during the COVID-19
been a powerful force in convening, pandemic, providing faster
uniting, and amplifying voices access to loans at better terms
advocating for gender equality and conditions, we expanded the
worldwide, positively impacting ‘Sviluppo Filiere’ program’s scope
635,000 women and girls reaching to green financing in 2021. At the of
3 million families and communities. 2022, 189 of our Italian suppliers
accessed loans through the
program, totalling €330 million EUR
since launching with over 36% of
our suppliers benefiting.
PLANET HIGHLIGHTS
ENHANCING A CIRCULAR AND cashmere has increased to 60% from collections starting with Gucci Aria.

SUSTAINABLE VISION
47% since 2021. Furthermore, we · Regenerative silk in Calabria,
incorporated more metal or chrome- where we are supporting the
free leather, accounting for 49% of rediscovery of traditional artisanal
Circular approach: working with the total leather in our collections, skills and created employment
experts and organizations help up from 40% since 2021. We also opportunities, while investing in
us further scale and embed the almost doubled our year-on-year regenerative silk production for the
principles of the circular economy organic silk covering 46% in 2022 House’s future collections.
across our activities and, in July and maintained our 100% target for · Regenerative Cotton Project in
2022, we became a strategic partner responsibly sourced precious metals Sicily, where we have supported
of the Ellen MacArthur Foundation, (recycled silver, recycled palladium a pilot to help revive cotton
a leading authority on the circular leather and ethical gold) and 100% production and restore Italy’s cotton
economy. From the early stages paper from responsibly-managed supply chain, whereby we have
of our collections’ conception, we forest sources, as a few examples of replaced 2% of Gucci’s conventional
have been pursuing circularity, our progress. cotton use in 2022, with a goal for
designing out waste and pollution the project’s regenerative cotton to
while enhancing durability, recovery,
REGENERATIVE AGRICULTURE replace 5% of it.

THROUGH A NATURE-
reuse, recycling and second life.
This partnership complements and
POSITIVE APPROACH TACKLING CLIMATE CHANGE
AND REDUCING OUR
augments our ongoing initiatives.

Upcycling: in 2022, in the pursuit of Regenerative agriculture: in FOOTPRINT


solutions to optimise manufacturing recognition of our dedication to
efficiencies and give new life to champion regenerative agriculture, Reducing our footprint: in 2022,
offcuts, our Gucci-Up program Gucci’s CEO and Chairman, Marco aligned with our Science-Based
recovered and upcycled 350 tons Bizzarri, was presented with The Target (under our parent company
of leather leftovers, 298 tons of Climate Change Award at the 2022 Kering and verified by the SBTi)
textile leftovers and 67 tons of metal CNMI Sustainable Fashion Awards we reduced -68% of our Absolute
scraps. Additionally, we donated ceremony. We have been investing GHG emissions in Scopes 1 and 2 of
48,000 meters of fabric to social in regenerative agriculture since the Greenhouse Gas Protocol and
cooperatives and NGOs. 2020, while protecting and restoring achieved a -55% reduction of our
nature and biodiversity. GHG emissions related to intensity in
Innovative processes: in 2022, we Scope 3 (baseline 2015). Backed by
avoided using 91,000 meters of Supply chain transformation: in science, our climate strategy helps
leather through our Gucci Scrap- 2022, we scaled up our commitment to propel radical transformation
less program, totalling 329,434 to regenerative agriculture, creating across our value chain.
square meters since its inception value for nature and communities,
in 2018. Consequently, in 2022, the through partnering with and Green energy: in 2022, we
initiative saved energy equivalent investing in a number of projects successfully achieved 100%
to 477 MwH; avoided using 75 tons in Italy and around the world, renewable energy for our world-
of chemicals, including 10 tons of including: wide directly operated stores,
chrome; avoided producing over · Regenerative wool project in in accordance with the RE100
73.4 tons of waste; and saved 5.8 Uruguay, where we are supporting guidelines. This milestone builds
million litres of water. a group of ten farmers for the upon our commitment to adopt
adoption of regenerative agriculture greener choices and implement
Traceability: in 2022, we increased practices on 100,000 hectares of best practice for sustainability in
traceability for our raw materials, land, with a projected potential to our corporate facilities and retail
achieving an overall traceability replace 19% of the conventional operations.
rate of 97%. wool we currently use.
· Regenerative wool project in LEED-certified stores: increasing
Sustainable materials: we made Alpago, in the Italian region of from 66 LEED-certified stores and
notable strides in incorporating Veneto, where we are supporting a corporate locations in 2021, we
sustainable materials into our cooperative of farmers to preserve made significant strides totalling
collections in 2022. The quantity of natural breeding practices and 111 LEED-certified stores and 4
organic or recycled cotton has risen follow ancient pastoral traditions. LEED-certified corporate locations
to 74% from 61% the year before, In 2022, we replaced 11% of Gucci’s in 2022. Our goal is to certify 380 of
while our use of organic, recycled conventional wool, integrating the our eligible directly-operated stores
or responsibly sourced wool and project’s regenerative wool into by 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
· Gucci’s Diversity, Equity and Inclusion Movements & Leadership Action
DIVERSITY, INCLUSION Policy Coalition for UN Women’s Generation

& EQUITY · 57% female managers and 63.1%


female employees
Equality Action Coalitions
· Awarded one of the 2022 Best Places
· Adopted Gender Balance Report to Work For Disability Inclusion by
in Italy the Disability Equality Index
· Training women in Italian luxury · Baby Leave
supply chain · Health and safety policy
· Supporting women and girls via · Charter on Well-Being of models
Gucci CHIME · Policy on Domestic Violence
· Private sector lead on the Feminist

COMMUNITY IMPACT · Providing scholarships to diverse


students and supporting NGOs for
· Employees supporting over 100 local
NGOs around the world through
positive impact in local communities Gucci Changemakers Volunteering
through Gucci Changemakers North Program
America

PRESERVING · Gucci École de l’Amour, hosted in


the Gucci ArtLab offers three courses:
· Fashion Prototyping course established
to train young talents artisanship for
CRAFTMANSHIP Craftsmanship School, Factory School,
and ArtLab and Factories
ready-to-wear with internship for at
least three trainees each year

SUPPLIER ENGAGEMENT · 2,354 suppliers audited to ensure


alignment with Sustainability
· Sviluppo Filiere supplier loans and
green financing program
Principles and Code of Ethics · Responsible Purchasing Code
of Conduct

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

BIODIVERSITY · Investing in regenerative agriculture


· Natural Climate Solutions Portfolio
· -58% Intensity EP&L reduction since
2015 including water use and water
protecting & restoring nature pollution, air pollution, waste
and land use

CLIMATE · Climate Strategy with 1.5° trajectory


· Science Based Target
Intensity GHG emissions reduction
in Scope 3 since 2015
· -68% Absolute GHG emissions · 100% Renewable Energy in
reduction in scopes 1 & 2 and -55% accordance with RE100 guidelines

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