Letter to the stakeholders

We have sacrificed the social lives we were used to but have also discovered the importance of our products in protecting our health and that of our families. In short, we have lived through highly challenging circumstances to find that we have grown, become more united and even more focused on all our stakeholders: our employees, the communities in which we operate, the market, and Society as a whole.

There could be no better year, therefore, to launch the first edition of Angelini Industries Code of Ethics, at the heart of which we find that same commitment towards all stakeholders and the ethical principles behind our way of doing business. Honesty, fairness, equality, lawfulness and a people-focused approach are all integral to the identity of Angelini Industries. They represent the core values shared by all its Companies, inspire our actions, and guide us to act morally and responsibly in our business affairs while never compromising on our founding values.

From a Corporate Governance perspective, the Code of Ethics is an essential component of Angelini Industries’ organisational model and internal control system, in the firm belief that ethical business practices are the basis for the success of the company itself. Keeping our employees, customers and communities close to our hearts has always been a priority for Angelini Industries, and today, we intend to write this into our code to form a conduct policy and guideline for all and in the interests of all.

Therefore, we believe that the Code is not simply a list of generic, abstract rules, but a model which should inspire our daily behaviour. We believe that all our actions, from major strategic decisions to small everyday tasks, should be rooted in and inspired by a common framework. This framework is expressed clearly and transparently in the Code, in the hope that it will become a true point of reference.

Thea Paola Angelini

Executive Vice President of Angelini Industries

Sergio Marullo di Condojanni

CEO of Angelini Industries