p. 17 "WORKING WITH STAKEHOLDERS"

Kering is a member of the following initiatives, groups and programs:

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The Sustainable Apparel Coalition, which works to reduce the negative environmental and social impacts caused by the industry worldwide;

•Textile Exchange Europe, which works to drive sustainable transformation in the industry. Kering is actively involved in a number of its sub-groups, including the Responsible Cashmere Roundtable, Responsible Leather Roundtable, Responsible Wool Standard, Organic Cotton Roundtable and Responsible Down Standard;

•Business for Social Responsibility (“BSR”);

•The Mekong Club, which tackles problems of modernslavery;

•The OECD consultative group on due diligence for the garment and footwear sectors as part of the sector-by-sector roll-out of the OECD’s guidelines for multinational enterprises;

•The Pledge against Forced Labour in Uzbekistan Cotton and the Pledge against Forced Labour in the Cotton Sector ofTurkmenistan;

•Business for Inclusive Growth (B4IG), a coalition of more than 40 multinationals committedto fight against inequality and advancing human rights; and

•The Coloured Gemstones Working Group, designed to build knowledge and capacity around key sustainability topics towards improving social, environmental, and governance performances."