pg. 6

"To uphold corporate social responsibility within the supply chain the Salvatore Ferragamo Group conducts ethical and social audits on direct suppliers of raw materials, manufacturing services and finished products and subcontractors belonging to the supply chain of the Group. These audits, based on a multi-year plan and handled by independent specialists, are intended to ensure compliance with the provisions set out in the Supplier Code of Ethics, including the respect for human and workers’ rights. The monitoring activity includes both the request for a self-assessment by filling in a questionnaire, and on-site audits, with interviews with workers and management and an inspection of suppliers’ production sites. On the basis of the risk assessment, the audits are carried out in an announced or un-announced way, although the former are prevalent, considering that a collaborative attitude towards the partners facilitates the progressive achievement of the highest ethical standards."