ALLEGRINI Sustainability Report 2024

2024 REPORT SUSTAINABILITY

THE RESULTS OF OUR JOURNEY

4.1 WASTE MANAGEMENT

4.2 ENERGY MANAGEMENT AND DEPENDENCE ON NATURAL CAPITAL

4.3 WATER RESOURCE MANAGEMENT

4.4 COMBATING CLIMATE CHANGE

APPROACH TO SUSTAINABILITY

1.1 STAKEHOLDER ENGAGEMENT AND IMPACTS DEFINITION

1.2 ALLEGRINI’S COMMITMENT TO SUSTAINABLE DEVELOPMENT

2.1 STRUCTURE

2.2 VALUES

2.3 ORGANIZATIONAL MODEL AND GOVERNANCE

2.4

2.5

SOCIAL RESPONSIBILITY

5.1 CORPORATE STAFF GROWTH

5.2 EMPLOYEE HEALTH AND SAFETY

5.3 DIVERSITY, EQUITY AND INCLUSION

5.4 PRODUCT QUALITY AND SAFETY

ETHICAL CORPORATE GOVERNANCE

6.1 RESPONSIBLE SUPPLY CHAIN MANAGEMENT 6.2 ETHICS IN GOVERNANCE

APPENDIX

ALLEGRINI’S ACTIONS AND GOALS FOR SUSTAINABLE GROWTH

ALLEGRINI’S KPI FOR SUSTAINABLE GROWTH GRI CONTENT INDEX

COMMUNICATION TO STAKEHOLDER

It is with great satisfaction that we present our fourth Sustainability Report. It has been four years since we drafted our “sustainability manifesto,” the first version of the Sustainability Policy. The Policy represented an important first step in our efforts to build a growth model based on the principles of environmental sustainability, social responsibility and ethics in the exercise of our corporate governance. Since the birth of that document, we have come a long way, achieved ambitious goals and defined objectives that can ensure growth inspired by the creation of sustainable value.

The fourth Sustainability Report finds fruition in a difficult and unstable macroeconomic environment marked by many signs of uncertainty. Despite this, we – our company and all of us together – continue to believe in the path of sustainability that was embarked on. The year 2024 has been a year of consolidation and reflection. Many of the projects started in previous years have found continuity and fulfillment, as evidenced by a number of concrete actions that have made it possible to ensure energy efficiency, by our social commitment punctuated by the various training, awareness and prevention activities aimed at all corporate people. Integration with the local area and people can be highlighted by the various initiatives of exchange and dialogue with the local community.

Some plans were redefined changed and updated during 2024, exactly to continue to believe in our path.

The path we have taken continues to base itself on a long-term vision and a structured system of goals, actions and indicators. The fourth Sustainability Report is the result of a reporting process that we have evolved over the years. During this year, we focused on measuring the impacts on the environment and on people that result from our activities, in order to understand even better the results of all the initiatives and projects we have built over the years.

We are even more aware of how the challenge of sustainability requires consistency, transparency and adaptability: therefore, we look responsibly to future commitments, ready to seize opportunities that allow us to grow ethically and sustainably, generating value for all stakeholders.

Our journey is made possible by the commitment of all the people whose contributions allow a vision of sustainable growth and adaptation to diverse environmental and social conditions. ALLEGRINI continues a path that allows every day to turn risks into opportunities, impacts into moments of sharing and dialogue.

LEADER IN SUSTAINABILITY

LEGALITY RATING

RECOGNIZED AS A LEADER IN CORPORATE LEGALITY

For ALLEGRINI, sustainability represents a guiding value and a founding element of its business model. In a context in which environmental, social and governance factors are becoming increasingly important, ALLEGRINI confirms its commitment to the integration of these variables within corporate strategy and operational decisions, knowing that they are a lever for the generation of sustainable value.

HOW DO WE INTERPRET THE SUSTAINABILTY REPORT

The Sustainability Report, now in its fourth edition, is not only a tool for communication and sharing with all stakeholders, but it also represents a means of measuring and controlling the sustainability risks and opportunities that arise from the activities that are carried out on a daily basis. The purpose of the document, in the logic of monitoring and measuring performance and sustainability risk, is to set goals for future years, reflect on achievements, and define new trajectories of action.

HOW TO READ THE SUSTAINABILITY REPORT

The introductory part of the Report makes it possible to explain ALLEGRINI’s understanding of sustainability, how the company has introduced over a long history the values of environmental sustainability and social responsibility within the decisions, processes and activities that are carried out every day. For ALLEGRINI, active stakeholder engagement is the starting point for defining the most important areas on which to build the company’s evolutionary trajectories: from the environmental and social risk management system to the value created together with stakeholders during the year. The second part of the Report delves into the results and actions that are linked to each sustainability topic, explaining how the values of ethics and integrity support a corporate management that protects the environment and people. Finally, the appendix summarizes the real contribution of the Sustainability Report, a reporting tool designed by ALLEGRINI as a lever for monitoring, and at the same time sharing, the sustainability results achieved during 2024.

ALLEGRINI’s business model supports the growth oriented toward the environmental sustainability of its products and business activities. At the same time it ensures the ideals of social responsibility that have always been its hallmark. In order to do this, ALLEGRINI has followed a rigorous methodological process over the years to capture the spirit of all standard setters, namely to transform the Sustainability Report from a reporting tool to a tool for monitoring risk and sustainability performance.

01 03 02 04 05 06

Analysis of the reference context and global megatrends, to capture the main challenges and opportunities of the reference context;

Stakeholder mapping and engagement, to gather the expectations and different perspectives of all stakeholders who are directly and indirectly involved in business activities;

Identification of the most relevant sustainability issues, to map all relationships and different types of ESG impacts;

In 2024, the sustainability strategy was further strengthened by updating the materiality analysis, which identified ten priority topics for the company and its stakeholders: combating climate change; energy management and dependence on natural capital; water resource management; waste management; employee health and safety; diversity, equity and inclusion; corporate staff growth; product quality and safety; ethics in governance; and responsible supply chain management. All activities and projects undertaken during the year were developed along the three basic dimensions of sustainability:

- Environmental, through actions to reduce environmental impacts, such as optimizing resource use, wastewater recovery and reuse, sustainable waste management, and CO2 offsetting initiatives;

- Social, with a focus on the well-being and empowerment of people, the promotion of inclusive and safe work environments, and the

Defining an integrated sustainability strategy, to build sustainability goals that are geared toward the creation of shared value and based on the most relevant impacts;

Implementation of concrete and measurable actions to align the business model with the Sustainable Development Goals (SDGs) of the United Nations 2030 Agenda;

Reporting on ESG impacts, to share the results of the undertaken actions with all stakeholders.

These three dimensions are supported by some key areas that distinguish the sustainability strategy.

ENERGY CONSUMPTION AND EMISSIONS

ALLEGRINI is committed to initiatives to reduce electricity consumption and greenhouse gas emissions through the continuous efficiency improvement of production processes and the reorgnization of company space.

WATER CONSUMPTION AND WASTE GENERATION

ALLEGRINI has undertaken a number of projects over the past several years to reduce the water resources used and the waste generated by production processes, thanks to the continuous search for solutions to improve industrial water treatment systems.

PEOPLE’S VALUE

ALLEGRINI recognizes the value of human capital as a key element in sustaining the company’s competitive advantage. The numerous initiatives related to personal growth and well-being in the workplace allow for improved relationships with the people who are part of ALLEGRINI.

SUPPLY CHAIN

For a company in the chemical industry, the supply chain represents one of the most relevant sustainability risks. The risk is related to the possible identification of suppliers who do not share the same values and ideals of ALLEGRINI. For several years, ALLEGRINI has been carrying out and evolving screening activities of its supply chain, with the aim of identifying the main sustainability risks related to the activities carried out upstream in the value chain.

ETHICS AND INTEGRITY

Ethics and integrity refer to the ways in which the business model takes shape, the decisions that allow goals to be translated into concrete actions. ALLEGRINI believes in the values of ethics and integrity as fundamental pillars of conducting its business model. The adoption of an organizational model for risk prevention in accordance with the Legislative Decree 231 and the preparation of a Code of Ethics are important tools to ensure that ethics and integrity of all behavior are safeguarded on a daily basis.

1.1 STAKEHOLDER ENGAGEMENT AND IMPACTS DEFINITION

ALLEGRINI recognizes the importance of building a structured and ongoing dialogue with its stakeholders as a lever for identifying sustainability strategy priorities. Listening and active discussion are key tools for understanding the needs that may emerge from stakeholders, anticipating risks and strengthening trust in the company.

In 2024, the materiality analysis was updated in line with the latest developments in regulations and reporting standards, integrating into the assessment of strategic priorities the identification and understanding of environmental and social impacts arising from the activities that are carried out. The process involved members of ALLEGRINI's Strategic Committee and corporate stakeholders.

The analysis identified some priority issues that summarize ALLEGRINI's environmental and social impacts. The introduction of impact analysis has helped to lay another pillar for the sustainability of the company's ESG strategy. Impacts represent the result of all the company's relationships with the environment and people, which, if properly understood, can be transformed from potential risks to opportunities that can support a path geared toward sustainable value creation.

There are 10 priority issues for ALLEGRINI: 4 related to the dimension of environmental sustainability; 4 to the dimension of social responsibility; 2 supporting ethics in the exercise of corporate governance.

NO. RELEVANT TOPIC

1 Combating climate change

2 Energy management and dependence on natural capital

3 Water resource management

4 Waste Management

5 Employee health and safety

6 Diversity, equity and inclusion

7 Growth of corporate staff

8 Product quality and safety

9 Ethics in governance

10 Responsible supply chain management

The sustainability topics identified for the 2024 fiscal year make it possible to confirm ALLEGRINI's fundamental sustainability guidelines, geared toward ensuring that products and processes are environmentally sustainable, responsible in their relationships with people, and guided by ethical management.

1.2 ALLEGRINI’S COMMITMENT TO SUSTAINABLE DEVELOPMENT

ALLEGRINI’s sustainability strategy is based on the desire to integrate environmental, social and governance (ESG) factors within corporate management through a systemic approach that encompasses all organizational processes and levels.

ALLEGRINI’s Sustainability Mission expresses the desire to support a growth path that can actively contribute to the achievement of the Sustainable Development Goals enshrined in the 2030 Agenda (SDGs). To do this, ALLEGRINI is innovating its business model to support: increasingly efficient production; increasingly environmentally friendly products; working conditions and workplaces geared toward well-being, inclusion and personal growth.

ALLEGRINI’s goals and commitments are part of the company’s Sustainability Plan and are the result of the materiality process, representing the strategic priorities of the company and its stakeholders.

1. WASTE

Promote actions to reduce or reuse waste and production waste, produced directly by the company or customers

- Improvement of industrial water separation process

- Digitalization of procedures to optimize paper consumption

- Donation of products subjected to gamma ray sterilization to local charities

- Installation of 6 water fountains

- Offsetting CO2 emissions related to advanced waste management by Omnisyst supplier

2. ENERGY MANAGEMENT AND DEPENDENCE ON NATURAL CAPITAL

Adopt policies, procedures and certifications for responsible management of energy needs and implement solutions to optimize energy consumption and increase renewable energy use

- Energy consumption monitoring

- Implementation of maintenance and cleaning of the photovoltaic system

- Optimization of production cycles

- Reorganization of office layout

3. WATER RESOURCE MANAGEMENT

Careful management of the water resource by adopting sustainable practices to ensure efficient water use and establishing policies for supply and proper delivery

- Efficiency improvement of industrial water separation process

- Reduction in the water used for tank washing

- Monitoring of water consumption

4. COMBATING CLIMATE CHANGE

Addressing the challenge of climate change mitigation by committing, in line with global targets, to reducing energy consumption and greenhouse gas emissions

- Emergency Plan update to incorporate extreme weather event scenarios

5. CORPORATE STAFF GROWTH

- Delivery of numerous training courses to employees

Definition of actions aimed at the personal and professional growth of workers and their involvement in the initiatives undertaken by the company

- Organization of a training and awareness-raising meeting on the topic in collaboration with the Italian League for the Fight against Cancer (LILT)

- Collaboration with Fondazione Libellula to organize a training meeting on gender equality and combating discrimination

- Participation in events that promote employee socialization and team building

6. EMPLOYEE HEALTH AND SAFETY

- Updating the Risk Assessment Document (DVR)

Provide workers with a healthy and safe working environment, with the aim of fostering employee well-being and improving working conditions

- Differentiation of uniforms in the production department

- Delivery of training courses to employees on occupational health and safety

- Organization of health prevention and awareness initiatives

7. DIVERSITY, EQUITY AND INCLUSION

Adoption of policies to promote inclusion and protect diversity, aimed at ensuring equal opportunity and eliminating discrimination

- Delivery of training courses on the topic of gender equality

8. QUALITY AND SAFETY OF PRODUCTS

Ensure high quality and safety standards of products and/or services through the adoption of certification and testing

- Launch of the new Amoenia amenities line, certified Cosmos Organic and Cosmebio

- Employee training to ensure the quality and safety of products for end consumers

9. RESPONSIBLE SUPPLY CHAIN MANAGEMENT

Attention to environmental, social and governance criteria in the processes of selecting, evaluating and maintaining supplier relationships

10. ETHICS IN GOVERNANCE

Adherence to ethical standards in competition to industry regulations and to the protection of privacy in all business activities

- Administration of questionnaires to map suppliers’ sustainability performance

- Sending requests for acknowledgement and acceptance of the principles contained in the Code of Ethics and the Organization, Management and Control Model

- Updating the Code of Ethics

- Review of the Organization, Management and Control Model under Leg. 231/2001

- Delivery of training on whistleblowing and the Management and Control Model

2.1 STRUCTURE 02

The ALLEGRINI Group represents one of the leading players in the international arena of professional detergents and cosmetics for hotellerie. Building on an entrepreneurial history that began in 1945 and nearly 80 years of experience, the company has distinguished itself by its ability to combine tradition and innovation, developing solutions that are effective, safe and always mindful of environmental impact.

ALLEGRINI SpA is headquartered in Grassobbio (BG) and has also some operating facilities abroad to serve a diversified customer base in more than 65 countries. The business model is articulated along two business lines: Professional Cleaning, active in numerous sectors (among them, Ho.Re.Ca., health care, car care, boating, food industry, zootechnics), and Cosmetics, focused on the production of lines for the hotel industry.

Over time, the Group has expanded its scope through a number of growth processes that have strengthened its presence in complementary channels and enabled new operational synergies. One example is the Hotelify.com platform, which today represents one of the leading Italian marketplaces in B2B for cosmetic products and accessories for the hospitality channel.

The company’s activities are characterized by a strong drive for innovation, supported by a dedicated R&D function, and a vocation for sustainability, interpreted as a new model for competing. Along with detergent and cosmetic products, the Group also offers room scenting solutions with its Allegrini Emozioni Italiane and Anuhea Collections.

ALLEGRINI SPA

Based in Grassobbio (BG), Allegrini SpA is an Italian chemical company specializing in the production of professional detergents and cosmetics for the hotel industry.

Professional Cleaning, divided into eight divisions:

- Ho.Re.Ca. & Facilities: solutions for the world of catering, hotellerie, gyms, retailers, schools and cleaning companies

- Carwash & Car Care: line for vehicle care and cleaning in the automotive industry

- Laundry: detergents for professional laundries

- Zootechnics: hygiene and welfare products for farm animals

- Food Industry: sanitizing solutions for safety and quality throughout the food supply chain

- Health Care: medical and surgical supplies and professional cleaners for health care facilities

- Nautical: specialized line for boat maintenance and care

- Service & Safety: devices, accessories and PPE to ensure safety and technical support in industrial processes

Cosmetic Line, in business for more than 35 years, dedicated to the design, production and marketing of amenities lines for the hotellerie, including customized ones, with a focus on environmental sustainability and design.

Completing the offering are room fragrance lines, such as Allegrini Emozioni Italiane and Anuhea, designed to help define the olfactory identity of hotels, spas and commercial environments.

ALLEGRINI adopts an integrated, vertical production model that encompasses all stages - from formulation to implementation - and enables direct control of quality, safety and traceability. The company is ISO 9001 and ISO 45001 certified and has obtained additional awards over time, such as Ecolabel certification, for several product lines.

In 2024, ALLEGRINI continued to believe in the "Clean is All" protocol, implemented in collaboration with the Mario Negri Institute for Pharmacological Research to ensure the effective and safe sanitization of environments in various professional settings.

milestones>>>

Founding year of ALLEGRINI, Italian company that began as a manufacturer of bleach

Creation of the first patent for a resealable package of bleach

ALLEGRINI is awarded a silver medal at the 14th International Inventors' Exhibition in Brussels

ALLEGRINI is the first Italian company to produce biodegradable detergents

ALLEGRINI becomes an S.p.A. and moves to its current location in Grassobbio (BG)

On the occasion of the 40th anniversary, the new logo is unveiled, including the claim "A Chemistry for the Environment"

The Cosmetics Business Line is created, making hotel amenities lines for the Italian and international markets

ALLEGRINI receives ISO:9001 certification

ALLEGRINI WINS LEGAMBIENTE'S ENVIRONMENTALLY FRIENDLY INNOVATION AWARD thanks to the "Casa Quick" project, a home delivery service of the most popular detergents

Year of establishment of Allegrini Russia, a wholly owned subsidiary of ALLEGRINI based in Moscow, which kicks off the company's internationalization journey

>>>milestones

After supporting great volleyball clubs such as Foppapedretti Bergamo and Copra Volley Piacenza, ALLEGRINI has been the technical sponsor of Atalanta Bergamasca Calcio

Cleaning Center, a car restoration center based in Grassobbio (BG), is born

With a view to support the company's development process, ALLEGRINI signs an agreement with Metrika SGR S.p.A., which acquires a majority stake in the company's capital

ALLEGRINI consolidates its positioning in international markets through the establishment of Allegrini North America, opening its new sales office in New York

ALLEGRINI publishes its first Sustainability Report, result of a process of dialogue and discussion that lasted more than a year

ALLEGRINI has been a sponsor of AC Monza and Atalanta Bergamasca Calcio

ALLEGRINI acquires DEP S.r.l., a Bolognabased company specializing in B2B online commerce of amenities and accessories for the hospitality channel, with particular reference to B&Bs, hotel facilities and Airbnb, now also oriented toward 4/5-stars hotels, and its marketplace Hotelify. com

ALLEGRINI acquires Cliners S.r.l., a company operating in the professional detergent sector, with particular reference to the industrial laundry channel, which opens up the possibility of entering, with the necessary technical expertise and commercial strength, this complementary channel

ALLEGRINI develops synergies with DEP and consolidates presence in complementary sectors

ALLEGRINI certifies its management system according to the Uni/PdR 125:2022 scheme to ensure gender equality and the prevention of all harassment and discrimination

ALLEGRINI launches Ecolabel-certified product line

Research Center for the production of detergents using surfactants of plant origin is established

ALLEGRINI receives silver medal at Geneva International Salon for creating fragrance seal for detergents and cosmetics

ALLEGRINI confirms presence in 65 countries, strengthening its presence at events, fairs and cultural sponsorships

ALLEGRINI gets Ecovadis silver medal as important recognition of sustainability achievements over the years

ALLEGRINI gets three stars in the legality score, confirming the values and ethics that have always distinguished the company's work

02 2.2 VALUES

The pursuit of ALLEGRINI's strategic objectives is based on a set of firm and shared values that guide the daily actions of the people who work within the organization. These principles form the cornerstone of the corporate identity and inspire every operational and strategic choice, contributing to the construction of a business model that is coherent, responsible and oriented toward the creation of sustainable value.

QUALITY

The pursuit of excellence is a hallmark of the company culture and translates into a constant focus on quality throughout the production chain. ALLEGRINI promotes the value of Made in Italy as synonymous with reliability, attention to detail and enhancement of the territory; an aptitude that is recognized both in Italy and in international markets.

RESEARCH AND DEVELOPMENT

Innovation is a crucial lever for company growth. It takes the form of continuous investment in research and development, aimed at devising high-performance, safe and environmentally friendly solutions that can meet the evolving needs of customers and end users.

SUSTAINABILITY

Attention to the environment, people and ethics drives the entire product life cycle, from raw material selection to packaging design and responsible waste management. Sustainability is not just a goal, but an integrated principle in business processes and organizational culture.

SKILLS

The know-how accumulated over eighty years is one of the company's main assets. Established experience is constantly enriched through targeted training courses, continuous learning methodologies and a stimulating environment geared toward professional growth.

SERVICE

Listening and customer proximity are at the core of ALLEGRINI's approach. The ability to support the customer at all stages - from product development to after-sales service - enables the company to offer tailored solutions and build long-term relationships based on trust and mutual satisfaction.

PASSION

Passion for work is the driving force behind all people. It is what enables to face daily challenges with determination, to constantly seek new goals, and to nurture an entrepreneurial vision geared toward continuous improvement.

INNOVATION

In 2024, ALLEGRINI continued to develop innovative solutions with low environmental impact, with a focus on the entire product life cycle. Prominent among these solutions is DPlanet, a solid cosmetic line launched in 2021 that is water- and preservative-free, with a completely plasticfree packaging. In 2024, the range of cosmetic products was further enriched with the launch of the new Amoenia amenities line, certified Cosmos Organic and Cosmebio, which confirms the company's commitment to promoting environment- and skin-friendly solutions. This format is in line with a development consistent with recent European directives on the containment of single-use plastics and aims to reduce the environmental impact associated with packaging. Alongside these lines there is an ongoing research to reduce the environmental impact of products, such as lines in dispensers, concentrated solutions, and bio-based products.

02 2.3 ORGANIZATIONAL MODEL AND GOVERNANCE

CORPORATE GOVERNANCE

ALLEGRINI is based in Vicolo Salvo d’Acquisto, 2 - 24050 Grassobbio (BG) - Italy.

The share capital is held by three partners.

MEMBER

ORGANIGANIZATION CHART

CORPORATE AND ORGANIZATIONAL STRUCTURE

The chairman of the Board of Directors is Stefano Zonca. The Board of Directors consists of Stefano Zonca, Gianluigi Fornoni, Maurizio Gian Carlo Allegrini, Ottaviano Allegrini, Marco Giuseppini, Nicola Pietralunga and Maurizio Silvestri.

The Board of Statutory Auditors consists of Guido Riccardi as chairman and two regular members, Alberto Visioli and Simone Santicoli.

The Allegrini Group includes the Bologna-based subsidiary DEP Srl, which is active in B2B online sales of amenities and accessories for the hospitality industry through the portal Hotelify.com. The company serves more than 20,000 customers in Italy and abroad, including hotels, B&Bs, restaurants and bars. DEP has gradually expanded its offerings to 4- and 5-star hotels with dedicated products and kits, confirming itself as a supplier of reference in the sector. In 2024, the company confirmed its focus on social responsibility, continuing its collaboration with Opera dell'Immacolata Onlus (OPIMM) involving people with disabilities from the Protected Work Center in activities to pack amenities kits, with the aim of fostering inclusion and dignity in the workplace. Allegrini Russia and North America represent subsidiaries related to ALLEGRINI's international growth.

ALLEGRINI SpA

Vicolo Salvo d'Acquisto 2, 24030 - Grassobbio (BG) - Italy

DEP Srl via Santo Stefano 54, 40125 - Bologna (BO) - Italy

O.O.O. ALLEGRINI - RUSSIA Moscow, Russia

Allegrini North America Delaware, USA

BUSINESS MANAGEMENT SYSTEM

The management system is the mechanism for verifying the execution of strategic objectives. Over the years, ALLEGRINI has implemented its management system by integrating the dimensions of sustainability. Product quality certification has been accompanied by responsibility to people through a system that ensures health and safety in the workplace, protection against discrimination, gender equality and inclusion, and ethics and integrity in business decisions.

The management system has some important certifications recognized by the most relevant certification schemes and standards:

- ISO 9001 - Quality Management. ALLEGRINI guarantees, through a set of procedures and verification mechanisms, the quality of its processes and products to protect the end consumer;

- ISO 45001 - Health and Safety Protection. ALLEGRINI safeguards health and safety in the workplace through a system that enables it to raise safety and prevention standards above those required by applicable regulations;

- ISO 22716 - Assurance of good manufacturing practices in the cosmetics industry. ALLEGRINI ensures that all processes are carried out to the highest quality and safety standards to protect the health and well-being of the consumer;

- UNI/PdR 125:2022 - Gender Equality Protection. ALLEGRINI's management system has also obtained certification related to Gender Equality Protection. ALLEGRINI has always believed in people and in the need to ensure a fair, inclusive and discrimination-free work environment;

- Organization, Management and Control Model - in accordance with Leg. 231/2001. ALLEGRINI has structured an internal control system that comprehend all the principles and rules that have always distinguished the company's identity. Principles such as ethics, integrity, anti-corruption and anti-discrimination are translated into operating procedures and rules that ensure that the behavior of all people is oriented toward the company's values and principles.

02 2.4 PEOPLE’S VALUE

ALLEGRINI’S PEOPLE

People are the most important resource for any business model. ALLEGRINI’s strategy is built on people, key players in a sustainable growth path. Personal and professional growth, and ensuring an inclusive, safe and wellness-oriented work environment become key values to guide a path of transformation that can achieve the goal of sustainable value creation. The centrality of people is translated into policies, principles and rules, consistent with the company’s strategic orientation and vision of social responsibility.

As of Dec. 31, 2024, there are 142 people, 50 women and 92 men, rooted in ALLEGRINI. Even in 2024, almost all employees reside in Lombardy, confirming the link between the company and the local context. An added value in terms of proximity, talent attractiveness and value sharing with the local area.

142 PEOPLE 151 PEOPLE

WOMEN

WOMEN

WOMEN IN PRODUCTION WORKERS CATEGORY WOMEN IN THE OFFICE WORKERS CATEGORY

WOMEN IN THE PRODUCTION WORKERS CATEGORY WOMEN IN THE OFFICE WORKERS CATEGORY

AVERAGE AGE OF EMPLOYEES 42 YEARS

During 2024, a major organizational analysis project began to ensure that all people are ready to support a path of change and evolution in line with the rapidly evolving scenarios of the global market.

The goal is to understand all changes and to provide resilience to the organizational model by redefining professional growth paths and developing new skills innovate. People will have the opportunity to develop the skills needed to adapt to new roles and take on different responsibilities. This approach will foster a new working environment inspired by the values of fertilization and contamination of individual skills and abilities.

This will provide a life to the values that have always characterized designing the work environment as an inclusive place where people can be comfortable, grow and improve while respecting all diversity.

LOCAL COMMUNITY AND TERRITORY

ALLEGRINI recognizes the value of local community relations as an integral part of its approach to sustainability. The company’s contribution to the local territory was actualized in 2024 through a plurality of actions aimed at supporting social cohesion, culture, sports and public health, promoting opportunities for involvement and collaboration with all stakeholders.

Some important projects that link people with the local area are related to preventive health care. ALLEGRINI joined the “WHP - 1 hour of prevention” project, promoted by ATS Bergamo and LILT Bergamo, offering its employees the opportunity to participate in an informational meeting on the main oncological risk factors.

During 2024, a partnership with WelfareCare began, providing free screenings (mammograms and ultrasound scans) for employees in the 35-45 age group, strengthening the commitment to wellness and prevention in the workplace.

Attention to the social dimension has also encompassed issues of combating discrimination and promoting a more inclusive working environment. ALLEGRINI has consolidated its relationship with the Fondazione Libellula, implementing the “Safe at work” training course for all people. The project helped spread more awareness about stereotypes, gender dynamics and how to manage conflict in the workplace.

Related to the thread that inextricably binds ALLEGRINI to its territory, in September 2024 the company opened its doors to the local community through an “Open Day”. The initiative was a moment of strong sharing and transparency, aimed at raising awareness of the company, values and people who daily invest their time to support a corporate vision centered on well-being and inclusiveness.

Commitment to the community is also manifested through support for local associations and initiatives. During 2024, a number of synergies

were developed with important associations committed to the promotion of social values, such as the LILT - Italian League for the Fight against Tumors (as part of the Pigiama Run), Bergamo’s Amoris Laetitia House, the Donizetti Theater Foundation, the Umberto Veronesi Foundation, the “Three Days of Grit” initiative, and, at the international level, the Tour de Bunzl sports circuit.

These collaborations testify to the company’s willingness to actively contribute to various initiatives that share the goal of improving people’s working and, more generally, living conditions.

All of these initiatives are part of ALLEGRINI’s business model, which focuses on the growth of all people and the improvement of living conditions, a fundamental pillar for ensuring the achievement of sustainable development goals.

2.5 CREATING VALUE ALONGSIDE WITH STAKEHOLDERS

The economic value generated and distributed is an expression of ALLEGRINI's ability to create wealth with its stakeholders and to share some of that value with people. In 2024, ALLEGRINI generated an economic value of 37.912.637 euros, of which 34.134.647 euros were distributed to its stakeholders. 25.392.183 euros is the value that was shared with suppliers of goods and services (74%), while 7.065.176 euros is the amount generated for employees (21%). 750.838 euros were distributed to the Public Administration (2%), while 3.777.990 euros were retained by the company to support the sustainable growth path.

For the fourth consecutive year, ALLEGRINI is publishing the Sustainability Report on a voluntary basis, with the aim of providing structured, transparent and accessible communication to all stakeholders. The Sustainability Report is an opportunity for ALLEGRINI to measure and share with stakeholders the results of the taken actions and to define the goals that allow to support a sustainable growth path.

The document is prepared in accordance with the GRI Sustainability Reporting Standards 2021 (GRI Standards) published by the Global Reporting Initiative, recognized as the most widely used and authoritative international standards for sustainability reporting.

The Sustainability Report was also inspired by the European Sustainability Reporting Standards (ESRS), defined by the Corporate Sustainability Reporting Standards Directive (CSRD), and the reporting guidance provided by the Sustainability Accounting Standards Board (SASB). In order to facilitate the reading of the document, the GRI indicators used within the reporting framework can be consulted in the Appendix to verify the link with each part of the document.

The content being reported on is the result of a materiality analysis process, which – through active stakeholder consultation – enabled to identify the environmental and social impacts arising from the company's activities. Although ALLEGRINI has updated its materiality analysis process by integrating the perspective of impacts, there are no significant changes to the material issues reported in the previous Sustainability Report.

The data and information in the Sustainability Report refer to the sustainability results and performance achieved by Allegrini SpA for

the year ending December 31, 2024. The exclusion of investee companies does not affect the understanding and verification of the impacts arising from the Group's activities. Where available, data have been compared with the previous fiscal year (2023) to aid the understanding of the results. For the purpose of proper representation of results, the use of estimates or assumptions related to the collection of data and information is appropriately indicated in the text.

The Sustainability Report 2024 was approved by the Board of Directors on June 4, 2025 and is made available to all stakeholders through publication on ALLEGRINI's website [www.allegrini.com] and through the company's communication channels.

Requests for information and further study on the content of the Sustainability Report can be addressed to:

Corporate & Legal Affairs Manager Dr. Sabrina Russo sabrina.russo@allegrini.com

04 4.1 WASTE MANAGEMENT

Promote actions to reduce or reuse waste and production waste, produced directly by the company or customers

ALLEGRINI adopts a management model of resources and industrial processes that aims at reducing waste and minimizing the waste production, in line with Goal 12 - Responsible Consumption and Production - of the United Nations 2030 Agenda. In the spirit that has always distinguished ALLEGRINI, integrating the principles of environmental sustainability into the company's strategy means intervening directly in production processes.

During 2024, the industrial water separation process was further improved, achieving the set goals of recovering water resources and simultaneously reducing the generation of liquid waste. This has also achieved benefits in terms of reducing emissions generated by logistics handling due to the optimization of loading capacity, with a 15% reduction in overall handling and a 20% saving in disposal costs. In addition, the amount of recovered metals from structural maintenance activities was increased in this fiscal year, and the project to digitalize business procedures continued, with the aim of minimizing the use of paper.

The promotion of a corporate culture geared toward the responsible use of materials and waste reduction is also achieved through the active involvement of employees, who are called upon to contribute responsible behavior on a daily basis. In line with this principle, in the previous fiscal year, six water fountains were installed at company

refreshment stations, an initiative aimed at reducing the consumption of single-use plastic bottles.

In 2024, a total of 1.486.014 kg of waste was generated, originating from the company's processes and activities. The total amount of waste produced by ALLEGRINI is broken down as follows: DISPOSAL RECOVERY

In 2024, there was a slight increase (+5,6%) in the total amount of waste generated compared to the previous year. More than 80% of this waste is classified as hazardous, consisting mainly of aqueous solutions used for washing machinery and mother liquors; solid waste is mostly assimilated to municipal waste. During 2024, ALLEGRINI carried out an in-depth analysis of the effluent produced, with the aim of improving the separation between effluent components, and water consumption in washing processes was reduced. These interventions have increased the overall efficiency of the treatment system, optimizing the operation of dedicated plants. In 2024, the share of waste sent for recovery increased, with the proportion of total waste produced rising from 17% in 2023 to 20% in 2024.

Drop-off and disposal activities are entrusted to licensed transporters, including Omnisyst, a strategic partner in advanced waste management. This partnership integrates a program to offset CO2 emissions generated by hazardous waste transport, implemented through the purchase of Verified Carbon Standard (VCS) certified carbon credits from a hydroelectric project in India.

Aiming at minimizing the environmental impact resulting from the waste management phase, ALLEGRINI adopts an integrated approach that combines compliance with regulations, operational efficiency and the adoption of technical solutions capable of valorizing the waste generated. With reference to the latter aspect, in line with what was planned in the previous fiscal year, products undergoing gamming

– a treatment process using gamma rays aimed at disinfecting and stabilizing otherwise chemically compromised products – were donated to local charities. This initiative combines the pursuit of reducing the amount of waste for disposal with the sharing of social value, resulting from its distribution for the benefit of local communities.

ALLEGRINI's commitment to waste management is marked by continuous improvement, according to a dynamic logic, aimed at reducing the company's environmental impact through the optimization of implemented practices and the promotion of sustainable development models.

WASTE MANAGEMENT. ACTIONS, GOALS, AND KPIS

- Improvement of industrial water separation process

- Procedures' digitalization to optimize paper consumption

- Donation of products subjected to gamming to local charities

- Installation of 6 water fountains

- Offsetting CO2 emissions related to advanced waste management by Omnisyst supplier

- Further increase the proportion of waste destined for recovery

- Continue metal recovery and recycling activities

- Implementation of new solutions within water treatment plants to decrease waste from production processes

4.2 ENERGY MANAGEMENT AND DEPENDENCE ON NATURAL CAPITAL

Adopt policies, procedures and certifications for responsible management of energy needs and implement solutions to optimize energy consumption and increase renewable energy use

ALLEGRINI's commitment to responsible management of energy resources translates into the monitoring and optimization of consumption, with the aim of combining operational efficiency and environmental sustainability. Energy sources used by ALLEGRINI include: electricity, natural gas, and fuel. Electricity is mainly used as part of production processes and for lighting company facilities. In 2024, the total energy demand is 4.167.359 kWh-slightly higher than in 2023 (+3,9%) – of which more than 14% was met through selfgenerated energy from the photovoltaic system located on the roof of the Grassobbio headquarter. During this fiscal year, maintenance and cleaning work was carried out on the photovoltaic system, aimed at optimizing its performance and increasing the share of electricity generated from renewable sources. The estimated consumption of natural gas, used for heating the production and office areas, is 304.565 Scm. Diesel fuel is used to drive the company's fleet vehicles. In addition, consistent with the commitment to promote responsible use of energy, additional efficiency measures were implemented during 2024:

- The optimization of production cycles while maintaining high operating standards;

- The reorganization of the office layout, aimed at optimizing the space use and containing energy consumption, especially during the winter period.

The following table summarizes ALLEGRINI’s total energy consumption for 2023 and 2024.

The chart represents the energy mix (in GJ*), expressed in percentage terms, used by ALLEGRINI during 2024.

The energy intensity ratio is a key indicator for assessing ALLEGRINI's overall energy efficiency. Therefore, starting this fiscal year, the company determines and monitors this KPI, expressed as the ratio of total energy consumption to sales.

VARIABLE UNIT OF MEASUREMENT

As part of a path in which sustainability is integrated into the company's development strategy, ALLEGRINI intends to continue to monitor the environmental impacts associated with its production activities and implement targeted interventions to optimize energy consumption and prioritize the use of renewable sources.

ENERGY MANAGEMENT AND DEPENDENCE ON NATURAL CAPITAL. ACTIONS, GOALS, AND KPIS

Energy management and dependence on natural capital

- Energy consumption monitoring

- Maintenance and cleaning of the photovoltaic system

- Optimization of production cycles

- Reorganization of office layout

- Increase the share of electricity generated from renewable sources

- Business layout improvement and plant insulation

- Adoption of smart solutions for continuous monitoring of renewable energy production

04 4.3 WATER RESOURCE MANAGEMENT

Careful management of the water resource by adopting sustainable practices to ensure efficient water use and establishing policies for supply and proper delivery

The water resource is a strategic natural resource for ALLEGRINI, used both in the formulation of products and in the washing and cleaning operations of the plants. The centrality of this resource to business processes and the growing awareness of the global challenges associated with its management require the adoption of a systematic and rigorous approach aimed at ensuring its efficient and responsible use, in line with the environmental sustainability goals set and current regulations.

During 2024, ALLEGRINI made targeted interventions, acting directly in its production processes. In particular, the process of separating industrial water has been optimized in order to make the water consumption more efficient and maximize the recycled water usage. The results obtained on this front testify to the effectiveness of the strategies implemented and the efficiency of the wastewater recovery plant: the targets set in 2023, including the recovery of 75% of wastewater and 100% of cooling water, have been fully achieved. In 2024, wastewater volumes are 861 m3, of which 52,03% is generated by the Professional Cleaning Business Line, while the remaining 47,97% comes from the Cosmetic Business Line.

In addition, consistent with what was planned during the previous fiscal year, ALLEGRINI also intervened in the tank-washing process, reducing the amount of water used at this stage.

In 2024, the company's total water consumption for production processes and civilian uses is 27.264 m3.

ALLEGRINI has also extended its scope of intervention to the daily practices of employees, with the aim of fostering the strategic priorities defined within the management of production processes throughout the company. In this regard, water dispensers have been installed at all refreshment stations to encourage the consumption of water from

the local water supply, contributing to significant environmental savings.

Responsible water management is confirmed as a strategic priority within the sustainability journey undertaken by ALLEGRINI, which renews its commitment to implement targeted interventions to progressively reduce water consumption and improve the efficiency of its operations.

WATER RESOURCE MANAGEMENT. ACTIONS, GOALS, AND KPIS

MATERIAL TOPIC

Water resource management

MAIN ACTIONS 2024

- Efficiency of industrial water separation process through product analysis and optimization of chemical and physical characteristics

- Reduction in consumption of water used for tank washing

- Monitoring of water consumption

GOALS FOR THE FUTURE

- Continue on the path taken for efficient management of the water resource

4.4 COMBATING CLIMATE CHANGE

Addressing the challenge of climate change mitigation by committing, in line with global targets, to reducing energy consumption and greenhouse gas emissions

Reducing greenhouse gas emissions is one of the main challenges related to climate change and is, at the same time, a strategic goal for ALLEGRINI, which intends to strengthen its commitment to limiting negative impacts on the environment. With this in mind, the company has been monitoring the CO2 emissions it generates for some time now and is committed, in the spirit of transparency that has always distinguished it, to share with its stakeholders the results of the efficiency initiatives it has introduced. The following table shows the direct (Scope 1) and indirect (Scope 2) CO2 emissions produced in fiscal year 2024, calculated in accordance with the Greenhouse Gas (GHG) Protocol. Indirect emissions are determined by adopting the location-based method, which considers the average emission factor of the power grid used by ALLEGRINI to purchase power.

The energy efficiency measures put in place, together with the use of renewable energy sources to cover part of the electricity needs, have contributed to a reduction in CO2 emissions associated with electricity consumption (Scope 2), which decreased by about 3% compared to 2023.

ALLEGRINI understands that effective emissions management involves taking a holistic approach, spanning the entire value chain. Therefore, as a first step in this direction, in 2024, as in previous years, the CO2 emissions associated with the transportation of the hazardous waste generated were offset through the purchase of certified carbon credits from Omnisyst, the advanced industrial waste management service provider. This collaboration, which has been established for a number of years now, allows to support ALLEGRINI's sustainability strategy of minimizing its carbon footprint.

Below are the emission factors used to calculate CO2 emissions (Scope 1 and Scope 2).

ENERGY SOURCE EMISSION UNIT/ STARTING UNIT

FACTOR OF EMISSION SOURCE

DEFRA 2024

Natural gas tCO2/Scm 0,00205

(UK Department for Environment, Food and Rural Affairs)

Diesel fuel tCO2/liters 0,0025

Electricity (location-based approach) kgCO2/kWh 0,256

DEFRA 2024 (UK Department for Environment, Food and Rural Affairs)

Institute for Environmental Protection and Research (ISPRA) 2023

The increasing focus on sustainability requires businesses to carefully assess climate-environmental risks, particularly those arising from extreme weather events such as floods, storms and heat waves, which can disrupt production activities, infrastructure and supply chains. In this scenario, it is critical to integrate physical and transitional risk management into business strategies, strengthening organizational resilience and protecting critical assets to ensure business continuity and long-term value creation. Therefore, in order to effectively deal with these threats and protect people, facilities and production continuity, ALLEGRINI has updated its Emergency and Evacuation Plan, incorporating specific procedures for handling adverse scenarios related to tornadoes and flooding caused by exceptional rainfall, which include preventive measures and timely and coordinated response actions.

In addition, in order to systematically and structurally oversee the environmental impacts resulting from the company's activities, ALLEGRINI plans to start the process of acquiring ISO 14001 certification of its environmental management system during the next fiscal year.

COMBATING CLIMATE CHANGE. ACTIONS, GOALS, AND KPIS

MATERIAL

Combating climate change

- Emergency Plan update to incorporate extreme weather event scenarios

- Include environmental risk assessment in decision-making processes

- Acquire ISO 14001 certification of the environmental management system

5.1 CORPORATE STAFF GROWTH

Definition of actions aimed at the personal and professional growth of workers and their involvement in the initiatives undertaken by the company

ALLEGRINI constantly invests in the development of its people's skills, promoting an organizational model based on continuous learning, targeted training and talent enhancement. This approach is aimed at fostering professional growth, stimulating innovation and strengthening the company's ability to adapt to the challenges of an ever-changing market. A total of 3.157,25 hours of training were provided during 2024, of which 2.400,25 were non-mandatory, resulting in an increase of 92% over 2023. The training plan, delivered also as part of the Allegrini Corporate Academy, is divided into the following thematic areas:

- Occupational health and safety in accordance with Leg. 81/2008;

- Gender equality, according to the guidelines in UNI/PdR 125:2022 reference practice, and inclusion;

- Good manufacturing practices (GMP) and regulatory compliance;

- Business skills, communication and language development;

- Administration and operational processes.

These subject areas reflect the complexity and variety of skills required in the industry, covering technical, environmental, social and regulatory aspects. Some employees also participated in a training dedicated to the whistleblowing and the Organization, Management and Control Model (MOG)'s topic and the "Safe at work" training course organized in partnership with Fondazione Libellula, aimed at spreading awareness with respect to stereotypes, gender dynamics and ways of managing conflicts in the workplace.

The training courses involved figures from all organizational levels, in compliance with the principles of equal access to training, inclusion and transversal dissemination of knowledge that ALLEGRINI promotes, also formalized in the company's Code of Ethics.

Alongside these courses, ALLEGRINI also organized a specific training

hour on cancer prevention in cooperation with the Italian League for the Fight against Cancer (LILT) that involved 110 employees took part. This initiative reflects the company's commitment to promoting the overall well-being of employees by combining technical training with targeted information and awareness-raising activities. In addition, there are additional projects promoted by the company with the aim of strengthening the sense of belonging, fostering employees' socialization even outside working hours, and strengthening ties with the area in which it operates:

- the “Pigiama Run” promoted by LILT, participating as a sponsor in the Bergamo round and involving employees in a charity activity in support of Casa Amoris Laetitia;

- collaboration with the Donizetti Opera Festival for the creation of the "Il Sospiro Profumato" project, in which three essences inspired by as many operas were created with the support of Atelier Fragranze Milano.

Both initiatives are part of an engagement model that transcends the professional dimension alone, strengthening the link between company, people and territory. These are activities that contribute to organizational well-being, stimulate active participation and give substance to the company's founding values.

With an eye to the future, ALLEGRINI intends to continue investing in the empowerment and well-being of its employees, developing integrated programs that foster professional and personal growth and consolidate a sense of belonging to the company.

CORPORATE STAFF GROWTH. ACTIONS, GOALS, AND KPIS

MATERIAL TOPIC

MAIN ACTIONS 2024 GOALS FOR THE FUTURE

- Delivery of numerous training courses to employees

- Organizing a training and awareness-raising meeting in collaboration with the Italian League for the Fight Against Cancer (LILT)

- Collaboration with Fondazione Libellula to organize a training meeting on the topic of gender equality and combating discrimination

- Participation in events that promote employee socialization and team building

- Expand the content of non-mandatory training provided to employees

- Continue with collaborations and health awareness activities

05 5.2 EMPLOYEE HEALTH AND SAFETY

Provide workers with a healthy and safe working environment with the aim to foster employee well-being and improving working conditions

OCCUPATIONAL SAFETY PROTECTION

Investing in worker safety means protecting the company's most valuable assets – its people. Indeed, protecting the health and safety of employees is a cornerstone of ALLEGRINI's corporate strategy and a priority within the sustainable growth path. The Occupational Health and Safety Management System is certified in accordance with ISO 45001, which establishes a framework for identifying risks and managing occupational health and safety. This commitment is developed along three basic lines: accident prevention and continuous monitoring of working conditions, provision of targeted training, and promotion of employee welfare, which have also been formalized in the company's Integrated Quality and Safety Policy.

1) ADOPTION OF PREVENTIVE MEASURES

The risk-based approach adopted by ALLEGRINI is based on a systematic process of risk identification, assessment and management,

aimed at defining and implementing effective preventive and protective measures. The goal is ensuring the safety and protection of the physical, psychological and professional integrity of workers. Consistent with what was planned, the Risk Assessment Document (DVR) was updated during this fiscal year, following the introduction of new facilities and the revision of fire prevention practices. As part of the prevention measures, the company's Emergency Plan has been updated to include procedures and organizational measures to be taken in response to adverse scenarios arising from extreme weather phenomena, such as tornadoes and flooding. This approach reflects the company's willingness to guard against climate and environmental hazards and the consequences that such events may have on people's safety. In addition, the Plan has been revised and improved, incorporating explanatory iconographic elements aimed at facilitating its understanding and increasing its visibility for employees and visitors.

Prevention measures taken during 2024 include differentiating the uniforms of employees in the production department.

2) TARGETED TRAINING OF HUMAN RESOURCES

ALLEGRINI identifies training as a strategic prevention tool aimed at increasing worker awareness, fostering the spread of a culture of safety and consolidating behaviors aligned with the principles of protecting mental and physical integrity. During 2024, a total of 757 hours of occupational health and safety training were provided.

3) EMPLOYEE WELFARE

ALLEGRINI promotes a corporate culture focused on people and their all-round well-being. In 2024, the company offered its employees the opportunity to have a free dermatological examination directly at the company's headquarters, with the aim of promoting prevention and protection of skin health; a total of 120 employees joined the initiative. As part of the path of prevention initiatives within the work environment, ALLEGRINI has partnered with WelfareCare, a benefit company engaged in the promotion of preventive health care nationwide, in order to facilitate access to medical screening services for its employees. During 2024, an event dedicated to cancer prevention was organized offering free mammograms and ultrasound scans to women in the 35-45 age group, extending participation not only to employees but also to their wives and partners, thus expanding the impact of the initiative and strengthening health promotion activities. In addition, an oncology awareness and prevention meeting was organized in cooperation with LILT, the Italian League for the Fight against Cancer, which was attended by 110 employees.

Joint action on these three fronts contributed to a reduction in occupational accidents compared to the previous fiscal year (-67% compared to 2023): in 2024 there were 2 accidents, with no deaths or cases of work-related illnesses.

HEALTH AND SAFETY OF EMPLOYEES. ACTIONS, GOALS AND KPI

- Started updating the Risk Assessment Document (DVR)

- Differentiation of uniforms in the production department

- Delivery of training courses to employees on occupational health and safety

- Organizing health prevention and awareness initiatives

- Continue to provide training to employees on occupational health and safety

- Implementation of further revisions to the health protocol

- Arrange additional medical examinations to support employee health and safety

5.3 DIVERSITY, EQUITY AND INCLUSION

Adoption of policies to promote inclusion and protect diversity, aimed at ensuring equal opportunity and eliminating discrimination

Valuing people and protecting individual diversity constitute fundamental principles for ALLEGRINI to ensure an inclusive, respectful working environment geared toward the personal professional growth and well-being of all human resources. Therefore, the company is committed to promoting the dissemination of an organizational culture based on respect for the individual, on equity and inclusion, and to opposing all forms of discrimination, direct or indirect, related to race, ethnic origin, color, gender, sexual orientation, religion, nationality, age, political opinion, marital and socioeconomic status, union affiliation. There are 142 employees employed by the company as of December 31, 2024, including 50 women and 92 men. The table below shows the breakdown of personnel by gender.

EMPLOYEE BY GENDER - 2023 and 2024

Women account for 35% of the corporate population, in line with the previous year.

In 2024, job positions were mapped with the aim of precisely delineating the specific requirements and competencies associated with each role and acquiring a structured framework for staff assessment and optimizing organization and workflow planning. Obtaining, at the end of fiscal year 2023, the Gender Equality Certification according to the guidelines contained in the UNI/PdR 125:2022 reference practice represented an important achievement

for ALLEGRINI on this front. This recognition testifies to a tangible commitment to the promotion of equal opportunities, pay equity and the enhancement of diversity, but also a stimulus to consolidate and expand the corporate policies and initiatives implemented to ensure fairness, inclusion and equal opportunities within the organization. Therefore, during 2024, ALLEGRINI has given continuity to this path by organizing training and awareness-raising activities on these issues. Specifically, a total of 314 hours of training were provided, a significant increase from the previous year. Goals for the coming fiscal year include the launch of a course dedicated to inclusive language and leadership skill development, aimed at strengthening an inclusive corporate culture and effective human resource management. Gender equality is also protected in the area of compensation policies, which are based on criteria of transparency, impartiality and merit. Indeed, remuneration is a key strategic lever for the management and motivation of human resources, with compensation determined in accordance with current regulations and the applicable National Collective Labor Agreement (CCNL).

The effectiveness of the company's policies that promote equality, diversity and inclusion has resulted in no recorded incidents of discrimination on the grounds of gender, race or ethnic origin, nationality, religion or belief, disability, age, sexual orientation or other forms of discrimination.

For 2025, ALLEGRINI plans to update the DVR to include some specific analyses on the risk of harassment. This intervention aims to prevent such phenomena and manage them effectively, ensuring a safe working environment and the protection of employees' mental and physical well-being.

DIVERSITY, EQUITY AND INCLUSION. ACTIONS, GOALS, AND KPIS

Diversity, equity and inclusion - Delivery of training courses on the topic of gender equality

- Continue the training activities already started in the coming fiscal years

- Update DVR to include specific harassment risk analysis

- Organize training courses dedicated to inclusive language and leadership skills development

5.4 PRODUCT QUALITY AND SAFETY

Ensure high standards of products and/or services in terms of quality and safety through the adoption of certification and testing

In an ever-changing regulatory environment and a market increasingly concerned with environmental impact and product safety, ALLEGRINI is constantly investing in the research and development of new solutions that combine high performance with respect for the environment and protection of consumer health.

ALLEGRINI boasts a broad portfolio of products developed using a natural and sustainable approach. Prominent among the innovative solutions is DPlanet, a solid cosmetic line launched in 2021 that is water- and preservative-free, with completely plastic-free packaging. This line is an environmentally friendly option to traditional liquid hand, body and shampoo cleansers. In 2024, the range of cosmetic products was further enriched with the launch of the new Amoenia amenities line, certified Cosmos Organic and Cosmebio, which confirms the company's commitment to promoting environment- and skin-friendly solutions. This format is in a line of development consistent with recent European directives on the containment of single-use plastics and aims to reduce the environmental impact associated with packaging. These products' line are joined by Find Your Eco, a new line of cosmetics that embodies the marriage of environmental sustainability and cosmetic excellence. Designed, formulated and packaged according to Ecolabel regulations, these products ensure minimal environmental impact throughout their life cycle, from production to disposal. Every detail of the line reflects a real commitment to protecting the planet, as well as personal well-being: from the bottles and labels made from 100% recycled materials to the formulas that boast a very high percentage of naturally sourced ingredients, RSPO raw materials, vegan and dermatologically tested.

SHADES OF GREEN - AMOENIA

The Amoenia amenities line, launched by ALLEGRINI in 2024, represents excellence in the cosmetics industry certified according to the Cosmos Organic and Cosmebio standards, which attest to the use of natural and organic ingredients and the adoption of sustainable and transparent production processes.

The product range includes shampoo, bubble bath, liquid soap, and hand and body lotion, all formulated with raw materials of plant origin, such as sweet almond oil, shea butter, aloe vera juice, and barley water, sourced from certified organic farms. The focus on sustainability also extends to the packaging, made of recycled and recyclable plastic, with refillable clear dispensers designed to optimize functionality and reduce environmental impact.

The Amoenia line embodies ALLEGRINI’s commitment to combining cosmetic efficacy, dermatological safety and environmental sustainability, offering ideal solutions for the hospitality sector that requires certified products that are both personal and environmentally friendly.

ALLEGRINI plans to further expand its range of sustainable products by introducing innovative powdered and water-free solutions, including solid cleansing pills for the face that transform into a nourishing mousse when in contact with water.

For ALLEGRINI, certifications, both mandatory and voluntary, are an additional drive for continuous improvement. Below, all product and company certifications obtained and renewed by the company over time are summarized.

Ecolabel certification:

An Ecolabel issued by the European Union that identifies products with a reduced environmental impact in their life cycle, from production to usage and subsequent disposal

Cosmos Organic certification:

International standard certifying that products meet the strict criteria for organic and natural cosmetics

UNI EN ISO 22716 - Good Manufacturing Practices (GMP) - Guidelines on Good Manufacturing Practices:

The standard establishes requirements for the production, control, storage and distribution of cosmetics, with the aim of ensuring product safety and protecting consumer health

ISO 9001:2015 - Quality Management System:

Legislation directed at optimizing processes and ensuring the quality of products and services offered

Halal certification:

Guarantees that the products comply with the ethical and sanitary standards of Islamic doctrine

ISO 45001: 2018 - Occupational Health and Safety Management System:

Legislation that provides a framework for identifying risks and managing occupational health and safety in order to prevent the occurrence of accidents or injuries and promote safer and healthier working conditions

Eco Bio Cosmetics Certification:

Mark guaranteeing that formulations are made with organic ingredients and are free of harmful to humans chemicals, animals and the environment

Gender Equality Certification - according to the guidelines contained in the UNI/PdR 125:2022 reference practice: attests to the commitment to equal opportunities and fair working conditions and professional development for all employees, regardless of gender

To ensure operational excellence and compliance with quality standards, ALLEGRINI constantly invests in the training of its employees. In 2024, 33,5 hours of training were provided involving 53 employees on GMP in cosmetic departments, with the aim of strengthening operational skills and raising staff awareness of critical procedures to prevent product contamination and ensure that high quality and safety standards are maintained throughout the production process.

As part of the implemented quality management system, ALLEGRINI continues to closely monitor complaints received. In 2024, 61 complaints related to quantitative and qualitative non-conformities of products were registered; despite the increase from 2023, highergrade complaints were significantly reduced (about -57%). Moreover, even in 2024, there were no cases of non-compliance for end-user health and safety.

DESCRIPTION UNIT OF MEASUREMENT

Number of complaints related to quantitative and qualitative nonconformities of products

Number of complaints related to end-user health and safety nonconformities

Regarding external information and product labeling, 6 cases of noncompliance were recorded in 2024.

Quality and safety oversight also extends to the supply chain. In the General Conditions of Purchase, ALLEGRINI requires all suppliers to ensure regulatory compliance, the absence of undeclared hazardous substances, and the provision of complete technical documentation (e.g. MSDSs, certifications, REACH declarations). In addition, the company reserves the right to conduct audits of suppliers to verify their compliance with quality and contractual standards. In line with the objective of establishing business relationships with partners who share the same values, ALLEGRINI has set the goal of preparing a Code of Conduct for Suppliers, in which the ethical, environmental and social principles they must adhere to are formalized.

PRODUCT QUALITY AND SAFETY. ACTIONS, GOALS, AND KPIS

MATERIAL TOPIC

Product quality and safety

MAIN ACTIONS 2024 GOALS FOR THE FUTURE

- Launch of the new Amoenia amenities line, certified Cosmos Organic and Cosmebio

- Employee training to ensure the quality and safety of products for end consumers

- Implementation of ECOLABEL certifications on some product lines

- Monitoring of complaints and nonconformities with the aim of identifying critical issues in a timely manner and activating corrective actions

- Continue with the development of powdered, “water-free” and reduced packaging products

- Expanding the range of Ecolabel-certified products

- Promote internal technical training on quality, product safety, and compliance management

- Extend the application of the nonconformity management system to new business areas and product categories

- Initiate more structured document audits against strategic suppliers

- Consolidate and develop the retail channel

- Launch of a new line of dispensers

06

ETHICAL CORPORATE GOVERNANCE

6.1 RESPONSIBLE SUPPLY CHAIN MANAGEMENT

Attention to environmental, social, and governance criteria in the processes of selecting, evaluating, and maintaining supplier relationships

To support the path to sustainable development, ALLEGRINI has been integrating the principles of environmental sustainability, social responsibility and ethics into governance even in its relationships with its suppliers for some years now. To this end, the company requires the acknowledgement and formal acceptance of the contents of the Code of Ethics and the Organization, Management and Control Model from all suppliers, supplementing these requirements through specific contractual clauses. This approach ensures transparency, integrity and regulatory compliance throughout the supply chain, consolidating a governance framework that supports business relationships based on shared responsibility and adherence to the highest ethical and environmental standards.

Consistent with this approach, ALLEGRINI continued to map the sustainability performance of its suppliers through the administration of the questionnaire, developed in previous years, which integrates several thematic areas, such as environmental management, human rights protection, occupational safety and management transparency. The company's intended goal is to translate the data collected into a scoring system to objectively assess suppliers' sustainability performance as a variable to be integrated with other key indicators in the process of selecting and managing supply relationships. During 2024, a feasibility analysis was conducted for the possible introduction of digital tools to support this process.

Strengthening these measures is part of a long-term vision to consolidate a supply network aligned with the principles of environmental sustainability and social responsibility, transparency and continuous improvement that the company stands for.

Therefore, in order to continue along the path that has already been traced for a number of years, there are numerous goals that ALLEGRINI has set for the future, including:

- the development and sharing of a Code of Conduct for suppliers to supplement the contractual clauses regarding the acknowledgement and acceptance of the principles formalized in the Organization, Management and Control Model and the Code of Ethics currently in use;

- sustainability risk analysis of suppliers with the support of an external provider.

RESPONSIBLE SUPPLY CHAIN MANAGEMENT. ACTIONS, GOALS AND KPIS

MATERIAL TOPIC

Responsible supply chain management

Supplier evaluation system

Code of Ethics and Model of Organization, Management and Control (Legislative Decree. 231/2001)

External audits

- Administration of questionnaires to map suppliers’ sustainability performance

- Sending requests for acknowledgement and acceptance of the principles contained in the Code of Ethics and the Organization, Management and Control Model

- Prepare the Code of Conduct for suppliers

- Continue to map and monitor suppliers’ sustainability performance

- Start the process of analyzing the sustainability risk of suppliers

Presence of a strategic supplier evaluation system based on criteria of environmental sustainability, social responsibility and ethics in corporate governance

Acceptance – by new suppliers deemed strategic – of the Code of Ethics and the Organization, Management and Control Model

Conducting external supply chain audits with reference to environmental sustainability, social responsibility and ethics in corporate governance

6.2 ETHICS IN GOVERNANCE

Adherence to ethical standards in competition, industry regulations, and protection of privacy in the conduct of all business activities

Corporate management and day-to-day operations are based on a governance model that integrates ethical principles of fairness, transparency and correctness in stakeholder relations. ALLEGRINI has implemented an integrated internal control system designed to ensure compliance with applicable regulations, prevent non-compliant behavior in business operations, and foster the dissemination and application of shared ethical values. This system consists of:

ORGANIZATION, MANAGEMENT AND CONTROL MODEL

(MOG) pursuant to Legislative Decree 231/2001: a system of rules, processes and procedures aimed at preventing crimes and ensuring regulatory compliance. In accordance with the provisions of the aforementioned Decree, a Supervisory Board (SB) has been appointed. The SB is charged with the task of supervising the proper functioning of and compliance with the principles of the Model, as well as proposing its updating.

During 2024, the Code of Ethics and the MOG were revised to ensure their adequacy with respect to regulatory developments and to strengthen their preventive effectiveness with respect to the offenses covered.

To support this system, in 2023, in accordance with Leg. 24/2023 "Whistleblowing Decree," a portal for whistleblowing reports has been introduced. Through this portal employees and external parties can send reports on alleged unlawful conduct of which they have become aware or any conduct that does not comply with the provisions of the MOG or ALLEGRINI's Code of Ethics. This tool is a crucial element in promoting transparency and integrity within the organization, ensuring the confidentiality of the reporter's identity in the activities of handling the report. To strengthen and spread knowledge of relevant regulations, reporting procedures, and implemented protection measures, in 2024, some employees participated in training on whistleblowing and the MOG.

CODE OF ETHICS: a document summarizing the ethical principles and standards of behavior to which all individuals working within the company, including directors, managers, employees and external collaborators, must conform. It formalizes the commitments made by ALLEGRINI in the conduct of its activities that guide the company's decisions and actions.

As a result of ALLEGRINI's focus and commitment to responsible and ethical business management, inspired by the principles of fairness and legality, in 2024 no reports were received through the whistleblowing system. Also, no incidents of non-compliance and/or proceedings and actions in relation to violations of free competition, monopolistic practices or antitrust laws, or incidents of corruption were recorded. In light of the progressive integration of digital technologies into business operational processes, the pursuit of a sustainable development model cannot ignore the implementation of effective measures and the adoption of advanced security systems to protect the privacy and confidentiality of corporate information and data assets. Data management and processing are carried out in accordance with the provisions of Leg. 196/2003 - "Personal Data Protection Code" and the EU Regulation 2016/679, known as the General Data

Protection Regulation (GDPR). ALLEGRINI has created an e-mail address (privacy@allegrini.com), which is available to all those who wish to request information and clarification regarding privacy and the exercise of their rights regarding the processing of personal data.

In order to promote a culture of responsibility and awareness on these issues, 14 hours of training on the topic of personal data management and legislation were provided during 2024, involving 7 employees.

No events involving violations of applicable regulations or access to company data by unauthorized external parties occurred during this fiscal year, and no complaints were received regarding violations of customer privacy and loss of customer data.

ETHICS IN GOVERNANCE. ACTIONS, GOALS, AND KPIS

- Updating the Code of Ethics

Ethics in governance

- Review of the Organization, Management and Control Model under Leg. 231/2001

- Delivery of training on whistleblowing and the MOG

- Continue to promote the dissemination of the ethical principles that Allegrini stands for through the provision of training courses

- Adoption of a Code of Conduct to be applied to suppliers

ALLEGRINI’S ACTIONS AND GOALS FOR SUSTAINABLE GROWTH

ENVIRONMENTAL SUSTAINABILITY

MATERIAL TOPIC

Waste Management

Energy management and dependence on natural capital

MAIN ACTIONS 2024 GOALS FOR THE FUTURE

- Improvement of industrial water separation process

- Digitization of procedures to optimize paper consumption

- Donation of products subjected to ranging to local charities

- Installation of 6 water fountains

- Offsetting CO2 emissions related to advanced waste management by Omnisyst supplier

- Energy consumption monitoring

- Implementation of maintenance and cleaning of the photovoltaic system

- Optimization of production cycles

- Reorganization of office layout

- Further increase the proportion of waste sent for recovery

- Continue metal recovery and recycling activities

- Implementation of new solutions within water treatment plants to decrease waste from production processes

- Increase the share of electricity generated from renewable sources

- Business layout improvement and plant insulation

- Adoption of smart solutions for continuous monitoring of renewable energy production

MATERIAL TOPIC

Water resource management

MAIN ACTIONS 2024 GOALS FOR THE FUTURE

- Efficiency of industrial water separation process through product analysis and optimization of chemical and physical characteristics

- Reduction in consumption of water used for tank washing

- Monitoring of water consumption

Combating climate change

- Emergency Plan update to incorporate extreme weather event scenarios

- Continue on the path taken for efficient management of the water resource

- Include environmental risk assessment in decisionmaking processes

- Acquire ISO 14001 certification of the environmental management system

SOCIAL RESPONSIBILITY

MATERIAL TOPIC

Growth of corporate staff

MAIN ACTIONS 2024 GOALS FOR THE FUTURE

- Delivery of numerous training courses to employees

- Organizing a training and awareness-raising meeting in collaboration with the Italian League for the Fight Against Cancer (LILT)

- Collaboration with Fondazione Libellula to organize a training meeting on the topic of gender equality and combating discrimination

- Participation in events that promote employee socialization and team building

- Expand the content of non-mandatory training provided to employees

- Continue with collaborations and health awareness activities.

MATERIAL TOPIC

Employee health and safety

MAIN ACTIONS 2024 GOALS FOR THE FUTURE

- Updating the Risk Assessment Document (DVR)

- Differentiation of uniforms in the production department

- Delivery of training courses to employees on occupational health and safety

- Organizing health prevention and awareness initiatives

- Continue to provide training to employees on occupational health and safety

- Implementation of further revisions to the health protocol

- Arrange additional medical examinations to support employee health and safety

- Continue the training activities already started in the coming fiscal years

Diversity, equity and inclusion

- Delivery of training courses on the topic of gender equality

- Update DVR to include specific harassment risk analysis

- Organize training courses dedicated to inclusive language and leadership skills development

- Continue with the development of powdered and "water-free" and reduced packaging products

- Expanding the range of Ecolabel-certified products

Product quality and safety

- Launch of the new Amoenia amenities line, certified Cosmos Organic and Cosmebio

- Employee training to ensure the quality and safety of products for end consumers

- Monitoring of complaints and nonconformities with the aim of identifying critical issues in a timely manner and activating corrective actions

- Promote technical training internally on quality, product safety, and compliance management

- Extend the application of the nonconformity management system to new business areas and product categories

- Initiate more structured document audits against strategic suppliers

- Consolidate and develop the retail channel

- Launch of a new line of dispensers

ETHICAL CORPORATE GOVERNANCE

MATERIAL TOPIC

Responsible supply chain management

MAIN ACTIONS 2024 GOALS FOR THE FUTURE

- Administration of questionnaires to map suppliers' sustainability performance

- Sending requests for acknowledgement and acceptance of the principles contained in the Code of Ethics and the Organization, Management and Control Model

- Prepare the Code of Conduct for suppliers

- Continue to map and monitor suppliers' sustainability performance

- Initiate the supplier sustainability risk analysis process

Ethics in governance

- Updating the Code of Ethics

- Review of the Organization, Management and Control Model under Leg. 231/2001

- Delivery of training on whistleblowing and the MOG

- Continue to promote the dissemination of the ethical principles that Allegrini stands for through the provision of training courses

- Adoption of a Code of Conduct to be applied to suppliers

ALLEGRINI’S KPI FOR SUSTAINABLE GROWTH

WASTE MANAGEMENT

ENERGY MANAGEMENT AND DEPENDENCE ON NATURAL CAPITAL

WATER RESOURCE MANAGEMENT

COMBATING CLIMATE CHANGE

SOCIAL RESPONSIBILITY

GROWTH OF CORPORATE STAFF

KPI

UNIT OF MEASUREMENT

EMPLOYEE HEALTH AND SAFETY

VARIABLE KPI

Occupational health and safety management system

Occupational health and safety management system

Presence of an occupational health and safety management system

Involvement of employees in the occupational health and safety management system

Workers covered by an occupational health and safety management system Number

Workers

and

Medical prevention in the workplace

Presence of a system/procedure for assessing hazards and risks in the workplace

Presence of a medical service system that contributes to the identification and elimination of workplace hazards and risks

Occupational health and safety training Total training hours provided, broken down by gender

UNIT OF MEASUREMENT

VARIABLE KPI

UNIT OF MEASUREMENT

DIVERSITY, EQUITY AND INCLUSION

VARIABLE

ETHICAL CORPORATE GOVERNANCE

RESPONSIBLE SUPPLY CHAIN MANAGEMENT

VARIABLE

Supplier evaluation system

KPI

Presence of a strategic supplier evaluation system based on criteria of environmental sustainability, social responsibility and ethics in corporate governance

UNIT OF MEASUREMENT 2024

Code of Ethics and Model of Organization, Management and Control (Legislative Decree. 231/2001)

Acceptance by new suppliers deemed strategic of the Code of Ethics and the Organization, Management and Control Model

External audits

or compulsory labor

Conducting external supply chain audits with reference to environmental sustainability, social responsibility and ethics in corporate governance

of child labor incidents

and suppliers that present a significant risk of incidents of forced or compulsory labor

ETHICS IN GOVERNANCE

of corruption

number of verified incidents of corruption against Allegrini or its employees

of corruption-related lawsuits taken against Allegrini or its employees

ETHICS IN GOVERNANCE

GRI CONTENT INDEX

GRI STANDARD

GRI STANDARD

408. Child labor 408-1. Activities and suppliers that present a significant risk of child labor incidents 53, 70 409. Forced or compulsory labor

416.

Activities and suppliers that present a significant risk of incidents of forced or compulsory labor 53, 70

BRIDGING TABLE BETWEEN MATERIAL TOPICS AND GRI STANDARDS

For each of the material topics covered, the GRI principles applied and their references within this document are given.