Audit of suppliers, page 5 on the left, 'this information asset undergoes systematic...including interim ones...'

On-site visits, page 4 on the right, 'the vicinity enables prada to perform a constant monitoring...'; page 5 on right, 'the group formalised then in 2020 the inspecting activity with a dedicated procedure'

pg. 5

“Group set up internally a task force dedicated to tighten the controls over the supply chain and respond to the growing demand for transparency and accountability in the sourcing and production practices. The Group formalized then in 2020 the inspecting activity with a dedicated procedure.”

“Since 2019, with the aim of bringing the monitoring and management of the supply chain to the Group's levels of excellence, the task force operates in Italy, where the most important portion of the industrial supply chain is rooted, focusing on both first and second tier suppliers for all three industrial divisions: leather goods, footwear and clothing.”

“Both in 2020 and in 2021, the control activities were slowed down due to the health emergency but, as soon as the working conditions allowed it, they continued to cover the largest number of suppliers. In the three-year period 2019-2021, 175 suppliers were involved and 30 supply relationships were interrupted due to serious irregularities with respect to the ethical standards of the Prada Group.”