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Caring for the Community

Letter to Stakeholders from the 2023 Sustainability Report of Angelini Industries

Dear Stakeholders,

With the latest Angelini Industries Sustainability Report, we have sought to highlight our commitment to creating a positive impact on people, communities, ecosystems and the planet we inhabit during a year of significant business development and growth.

In recent years, significant changes have moved us beyond the “triple bottom line” of sustainability (People, Planet, Profit), by adding: Prosperity, defined as a focus on the common good; Purpose, the raison d’être and positive role of the business in its macrosystem; and Processes, through the governance and integration of sustainability within the company, not merely as an add-on.

These aspects must be managed holistically, as lasting economic value cannot be generated without considering environmental and social sustainability as business drivers. At the same time, ensuring growth and economic sustainability is essential for enabling companies to make significant long-term investments that generate a broad impact, with a view towards sustainable development.

In 2023, we made significant strides: we established a new Sustainability Department with Group-wide coordination; created a cross-functional team and strengthened the network of internal Ambassadors; enhanced the discipline of sustainability reporting with an ESG data collection platform, alongside innovations in storytelling to make it authentic and friendly towards various Stakeholders.

Most importantly, we launched our first ambitious Group Sustainability Plan, rooted in Angelini Industries’ purpose of “Unwavering care” for people and families in everyday life. The Plan outlines specific targets, KPIs, and initiatives to be implemented by 2026, with a 2030 horizon, focusing on four areas of positive impact: our People; those around us (Patients, Clients & Community); the supply chains and networks of which we are catalysts or an integral part (Ecosystems); and the world we will leave for future generations (Planet). Two broad enablers support these efforts: Good Governance and Innovation.

Sustainability is demonstrated daily in the field and in the Reports of Angelini Industries, Angelini Pharma, and Angelini Technologies – Fameccanica, in that of Fater, a joint venture with P&G, and in the Profiles of Angelini Wines & Estates and Angelini Ventures. You will find tangible facts and examples, narrated by our people, who are committed to living and bringing our Group to life every day.

Let’s take a look at some concrete examples. Angelini Pharma, a leader in research, development, and outreach in Brain Health, is also committed to fighting the stigma associated with neurological and mental illnesses, a major cause of isolation, discrimination, and reduced quality of life.

We have heavily invested in health innovation, establishing Angelini Ventures, a fund with a commitment of 300 million euros, one of the largest globally in proportion to the Group’s turnover. As of today, 100 million euros are already committed to highly inclusive startups and biotech companies, with 40% led by women.

Angelini Technologies is a leader in patenting, with over 1,100 active patents, and is committed to developing the new business area of robotics and automation, attracting STEM talents and focusing on producing machinery with next-generation occupational safety levels.

We believe that businesses are made up of people and we take care of them, with about 100 days of smart working per year and comprehensive 360° welfare packages, which we fittingly call “We Care”. Our employee engagement rate remains high, at over 75 out of 100, and during the selection phase we are attentive to inclusivity across genders and generations, with over 400 new hires in 2023, about 50% of whom are women and 25% Gen Z.

The impacts on our communities are also important to us: for example, over 220,000 people have been involved so far in Fater’s “brand purpose” projects, from Lines’ collaboration with WeWorld, with the opening of two Women’s Spaces against gender-based violence, to ACE’s partnership with Retake, for the cleaning and regeneration of urban spaces, among various others. In our Sustainability Plan, we will further activate corporate volunteering, also benefiting from the social sector roots of the Fondazione Angelini.

We aim to play a role in disseminating good sustainability practices within our ecosystems, starting with value chains and embracing other networks and actors we are connected with (associations, startups, universities). In 2023, two thirds of our purchases were fulfilled by local suppliers and we set up an ESG screening system. Our Angelini Academy has launched about 40 training initiatives, in collaboration with 20 leading Italian and international business schools.

Important initiatives aimed at reducing our environmental footprint continue. We have started rigorous measurement of our carbon footprint, which will allow us to accelerate our decarbonization trajectory, further strengthening self-production and the purchase of renewable energy, and intervening in the life cycle of major products. The same Casa Angelini, the Group’s headquarters and one of the few LEED Platinum buildings in Rome, is a symbol of our commitment to urban and environmental regeneration.

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