Zegna: Ermenegildo Zegna N : Zegna Group - ESG Presentation 2024

CUSTODIAN OF AUTHENTICITY Pioneers in ESG April 2025 1 INDEX 1. OVERVIEW 2. PRODUCT 3. PLANET 4. PEOPLE 5. GOVERNANCE 1. OVERVIEW OUR GROUP AT A GLANCE Revenues 1 breakdown and Adjusted EBIT Margin €m,% Organic growth 2 1,905 1,947 -2% 30 16 -32% Other 3 151 138 -7% Textile 315 236 -1% TOM FORD FASHION 378 315 -20% Thom Browne 1,109 1,164 +6% ZEGNA brand FY 2023 FY 2024 10% 35% 12% Rest of APAC 35% 31% 26% Greater China Region Americas 24% 27% EMEA Textile 11.6% 9.5% Adjusted EBIT margin Notes: (1) Revenues net of eliminations, equal to €33.3m in FY 2023, €31.5m in FY 2024. (2) Organic growth is calculated as the change in revenues from period to period excluding the effects of (a) foreign exchange, (b) acquisitions & disposals, (c) changes in license agreements where the Group operates as a licensee. TFF consolidated since April 29, 2023. (3) Other mainly includes revenues from agreements with third party brands. €1.2bn revenues #281 DOS €315m revenues #116 DOS €315m revenues #64 DOS €138m revenues 5 OUR ESG STRATEGY FOR A LONG-TERM SUSTAINABLE GROWTH PRODUCT PLANET Responsible Supply Chain Water footprint Sustainable Raw Materials GHG Emissions reduction actions and initiatives Product traceability system Renewable energy Reforestation and forest protection activities PEOPLE GOVERNANCE Develop and strengthen people skills Operate with integrity ensuring ethical corporate Diversity, Equity & Inclusion training conduct and business Talent acquisition & retention approach Align stakeholders' interests with ESG goals Develop well-being initiatives Align management remuneration with ESG targets 6 MATERIAL TOPICS DRIVING OUR ESG STRATEGIC PATH We have identified 9 material topics to contribute to the four pillars of the ESG Strategy Product Planet People Governance Climate Change Pollution and Ecosystem Damage Resource Use & Biodiversity Human & Labor Rights Education & Training Employee Wellbeing Community Animal Welfare Ethical Value Chain Practices 7 OUR STRONG & RELENTLESS ESG COMMITMENT THROUGH THE YEARS 2022 2023 Presented the Group's ESG strategy during the Capital Markets Day held on May 17,2022; Established two sustainability managerial committees ; Developed 2022-2024 LTI Plan which includes ESG KPIs. Disclosed the financial impact of climate-related risks and opportunities aligned with TCFD (Task Force on Climate- related Financial Disclosures) recommendations; Joined ZDHC ( Zero Discharge of Hazardous Chemicals ) as Signatory Brand , with all production sites achieving ZDHC Foundational compliance level; Adopted an open vendor management software platform to foster information/data/documents exchange with suppliers. 2024 Future Goals Established a new governance model dedicated to sustainability; Expanded Group Policies and updated Code of Conduct for Suppliers ; Launched " Accademia dei Maestri " initiatives; 100% of electricity from renewable sourced in Europe and US; Defined Group Water Strategy and adopted water-related targets . Purchased top priority raw materials with at least 50% traced to the geography of origin and from lower-impact sources (2026); 100% electricity from renewable sourced at Group level worldwide (2027 onward); Oasi Zegna in the world : supported reforestation and forest protection activities in any key retail market where ZEGNA brand operates (2025). 8 OUR ONGOING ESG COMMITMENTS 1. PRODUCT 2. PLANET 3. PEOPLE 4. GOVERNANCE I. Chemical management: ZDHC I. Joined ZDHC as Signatory Brand Foundational compliance level II. 100% electricity from renewable (MRSL, Manufacturing Restricted sources in Europe and US (scope 2) Substances List, waste, water) for by 2024 all Group production sites III. Assessed water footprint & II. Adopted Animal Welfare Policy committed to reduction targets, aligned with Science Based Targets Network (SBTN) evolution 87% of employees received DE&I training Parental leave benefits extended to all markets, beyond local law requirements Launched"Accademia dei Maestri" Board oversight of ESG strategy & implementation Joined relevant trade associations Appointed a DE&I Officer IV. New global operating recruiting procedure, aligned with the DE&I strategy Top priority raw materials with at least 50% traced to the geography of origin and from lower-impact sources by 2026: We are at 33% in 2024, vs 32% in 2023 Impact investing on wool, cashmere & cotton raw material sources with regenerative agriculture and carbon sequestration initiatives: Unlock Programme of The Fashion Pact 100% of electricity from renewable sources (Scope 2) at Group level by 2027 onward: We are currently at 70% worldwide Supported reforestation and forest protection activities in any key retail market where ZEGNA brand operates by 2025, with more than 500.000 trees planted or protected in 2024-2025: In 2023, we launched initiatives internationally to restore lost habitats and to create awareness about biodiversity loss Community service -1 day/year for every employee, to be donated locally: The Group implemented multiple volunteering activities for employees in 2024 Initiated process to obtain Italian Gender Equality Certification 9 RATINGS ACHIEVED BY RELEVANT ESG AGENCIES 44 /100 B B Climate Water 10 Attention : This is an excerpt of the original content. To continue reading it, access the original document here . Attachments Original document Permalink Disclaimer Ermenegildo Zegna NV published this content on April 24, 2025 , and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT) , unedited and unaltered, on April 24, 2025 at 16:53 UTC . CUSTODIAN OF AUTHENTICITY Pioneers in ESG April 2025 1 INDEX 1. OVERVIEW 2. PRODUCT 3. PLANET 4. PEOPLE 5. GOVERNANCE 1. OVERVIEW OUR GROUP AT A GLANCE Revenues 1 breakdown and Adjusted EBIT Margin €m,% Organic growth 2 1,905 1,947 -2% 30 16 -32% Other 3 151 138 -7% Textile 315 236 -1% TOM FORD FASHION 378 315 -20% Thom Browne 1,109 1,164 +6% ZEGNA brand FY 2023 FY 2024 10% 35% 12% Rest of APAC 35% 31% 26% Greater China Region Americas 24% 27% EMEA Textile 11.6% 9.5% Adjusted EBIT margin Notes: (1) Revenues net of eliminations, equal to €33.3m in FY 2023, €31.5m in FY 2024. (2) Organic growth is calculated as the change in revenues from period to period excluding the effects of (a) foreign exchange, (b) acquisitions & disposals, (c) changes in license agreements where the Group operates as a licensee. TFF consolidated since April 29, 2023. (3) Other mainly includes revenues from agreements with third party brands. €1.2bn revenues #281 DOS €315m revenues #116 DOS €315m revenues #64 DOS €138m revenues 5 OUR ESG STRATEGY FOR A LONG-TERM SUSTAINABLE GROWTH PRODUCT PLANET Responsible Supply Chain Water footprint Sustainable Raw Materials GHG Emissions reduction actions and initiatives Product traceability system Renewable energy Reforestation and forest protection activities PEOPLE GOVERNANCE Develop and strengthen people skills Operate with integrity ensuring ethical corporate Diversity, Equity & Inclusion training conduct and business Talent acquisition & retention approach Align stakeholders' interests with ESG goals Develop well-being initiatives Align management remuneration with ESG targets 6 MATERIAL TOPICS DRIVING OUR ESG STRATEGIC PATH We have identified 9 material topics to contribute to the four pillars of the ESG Strategy Product Planet People Governance Climate Change Pollution and Ecosystem Damage Resource Use & Biodiversity Human & Labor Rights Education & Training Employee Wellbeing Community Animal Welfare Ethical Value Chain Practices 7 OUR STRONG & RELENTLESS ESG COMMITMENT THROUGH THE YEARS 2022 2023 Presented the Group's ESG strategy during the Capital Markets Day held on May 17,2022; Established two sustainability managerial committees ; Developed 2022-2024 LTI Plan which includes ESG KPIs. Disclosed the financial impact of climate-related risks and opportunities aligned with TCFD (Task Force on Climate- related Financial Disclosures) recommendations; Joined ZDHC ( Zero Discharge of Hazardous Chemicals ) as Signatory Brand , with all production sites achieving ZDHC Foundational compliance level; Adopted an open vendor management software platform to foster information/data/documents exchange with suppliers. 2024 Future Goals Established a new governance model dedicated to sustainability; Expanded Group Policies and updated Code of Conduct for Suppliers ; Launched " Accademia dei Maestri " initiatives; 100% of electricity from renewable sourced in Europe and US; Defined Group Water Strategy and adopted water-related targets . Purchased top priority raw materials with at least 50% traced to the geography of origin and from lower-impact sources (2026); 100% electricity from renewable sourced at Group level worldwide (2027 onward); Oasi Zegna in the world : supported reforestation and forest protection activities in any key retail market where ZEGNA brand operates (2025). 8 OUR ONGOING ESG COMMITMENTS 1. PRODUCT 2. PLANET 3. PEOPLE 4. GOVERNANCE I. Chemical management: ZDHC I. Joined ZDHC as Signatory Brand Foundational compliance level II. 100% electricity from renewable (MRSL, Manufacturing Restricted sources in Europe and US (scope 2) Substances List, waste, water) for by 2024 all Group production sites III. Assessed water footprint & II. Adopted Animal Welfare Policy committed to reduction targets, aligned with Science Based Targets Network (SBTN) evolution IV. New global operating recruiting procedure, aligned with the DE&I strategy 2023 70% worldwide volunteering activities for employees in 2024 9 RATINGS ACHIEVED BY RELEVANT ESG AGENCIES 44 /100 B B Climate Water 10 Attachments Original document Permalink Disclaimer Ermenegildo Zegna NV published this content on April 24, 2025 , and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT) , unedited and unaltered, on April 24, 2025 at 16:53 UTC .