Letter of the President

Disclosure 102-14

The Sustainability Report always gives me the opportunity to look at RadiciGroup from a privileged vantage point, one that looks to the future, and to share some thoughts. The UN 2030 Agenda is our main guideline for sustainability today. It presents us with an ambitious scenario, urges us to confront a multiplicity of challenges that impact our organisation from every point of view. Global markets and value chains are the other major driver to lessen the impact of our organisation, to become stricter in terms of sourcing and supply chain social conditions. Here we have the ambition to be, for those we work with, enablers or facilitators on many issues: from the circular economy in which we play a leading role through ecodesign and recycling, to the innovation we put at the service of those who process and ultimately use our products. And we must also note the contribution we make to decarbonisation, a benefit for RadiciGroup and for Customers, Employees, Local Communities and all Stakeholders. I am convinced that to be credible in this role, it is necessary to measure oneself to monitor the effectiveness of the path taken, and certainly the Sustainability Report is a vital tool to take stock of our results. In relation to the latter, I am particularly pleased to share with you the progressive increase of electricity from renewable sources, which now exceeds 50% across our Group. Increasingly more of our companies are using entirely green energy and making a responsible choice for the environment and future generations. Similarly, the significant investments in the chemicals sector made over time have enabled us to reduce direct emissions by 18,7% compared to 2019 and by 60% between 2011 and 2021. An excellent achievement that encourages us to continue on this path: working earnestly on state-of-the-art products that also perform well in terms of sustainability. The young people in our family look at us and ask us what our and their role will be in the years to come. The answer I share with my brothers is that our companies must continue to be places where people are valued for their uniqueness, can count on safe working conditions and respect for their rights. Looking at the figures in the 2021 Sustainability Report, I am pleased to note that our staff is growing, with increasingly more women. The younger generation is also increasingly working alongside senior Workers, bringing skills and enthusiasm, and drawing on the valuable wealth of knowledge of those who have had their entire professional careers with us, at RadiciGroup. I thank all of you, our sustainability results (and more) are the result of the hard work of more than 3,000 employees worldwide. If people are one of the main keys to understanding the Report, Territories are another equally important one. The Seriana Valley where we were established, but also the Europe that saw us grow and the world that is our horizon today. In each of the Communities where we are located, the Territory is listened to and supported. Projects with schools, the choice to support the local neighbourhood or the municipality, initiatives with Employees' families. Reading the Report myself, I am amazed at the quality and quantity of the initiatives. In each of these choices our Values are reflected, the same ones reaffirmed by the Code of Ethics that we renewed in 2021 and which marks the chapters of the Report itself. After two years during which we were convinced that we had experienced every possible difficulty, 2022 also opened with great uncertainty. I am confident because in our Group, and this Sustainability Report confirms my belief, we have all the resources and potential we need to continue to do well. We know how to be responsive, innovative and tenacious while remaining true to our roots, to our style, cultivating that pride in being RadiciGroup that makes us special.