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Ratti Group | Sustainability Report 2022

actual or potential, which the Group runs either in a workshop during which there was a brief
directly on the basis of its business activities or presentation of the materiality process and
indirectly on the basis of its business relations. the main changes introduced by the Universal
Standards.
In order to define the impacts relating to the
Ratti Group, the first step was to carry out an A materiality threshold was defined on the basis
analysis of the environment in which the Group of the evaluations collected. This was used
operates. to assign a priority to the impacts, thereby
An external benchmarking investigation was selecting 37. This list of 37 impacts was then
performed, taking into consideration the scrutinised by a number of specifically selected
matrices of materiality published in the 2021 external stakeholders: suppliers, customers, the
sustainability reports/declarations of a non- Università Cattolica del Sacro Cuore (Catholic
financial nature of the Ratti Group’s competitors University of the Sacred Heart) and managers
or similar companies operating in the textiles of the Ratti Group’s human resources functions.
sector. The second step was to take into The stakeholders expressed their views as to the
consideration the materiality analysis carried materiality of the impacts, from the perspective
out by the Group in 2020, which produced a of the employees of the Group.
list of topics which were material for the Ratti A total of 7 completed questionnaires were
Group and documents through which Ratti collected from external stakeholders. The
demonstrates its commitment to sustainable external stakeholders were also given the option
development. These documents include the of adding further impacts in addition to those
Group’s Code of Ethics and the Suppliers’ Code already on the materiality questionnaire. All
of Conduct. stakeholders, however, considered the list to be
exhaustive.
Through these activities it was possible to
produce a list of 52 specific impacts for the The list was further reduced following an
internal validation carried out by the manager
responsible for sustainability and the head of
Each individual impact which emerged Internal Audit. The new total was 31 impacts,
from the internal and external analyses grouped into 19 broader categories.
was subjected to a materiality evaluation For potential impacts an evaluation of their
by Ratti Group management, and likelihood of occurrence was carried out, in line
involving the main corporate functions with the internal evaluations performed for ESG
risks.

Ratti Group. Finally, the list and the description All the impacts selected were linked to specific
of the latter was enhanced by taking inspiration Standards from the Universal Standards (series
from the guidelines of specific series of GRI 200, 300 and 400). Overall, 16 GRI topics were
Standards (series 200, 300 and 400) and, with identified, to which were added 4 topics specific
specific reference to negative impacts, by making to the Ratti Group. The latter do not correspond
comparisons with the descriptions of ESG risks to GRI Standards and were reported with the
in the risk analysis document for the 2021 DNF. It performance indicators.
was updated in 2022.
The impacts were treated by applying GRI 3-3,
Each individual impact which emerged opting for a description of the impacts to be
from the internal and external analyses was added to the paragraphs of the document and
subjected to a materiality evaluation by for a brief description to be presented in Chapter
Ratti Group management, and involving the 7, paragraph 7.3 “Managing risks to include
main corporate functions, for a total of six sustainability”, which also proposes a description
managers. These managers were asked to of ESG risks associated with the negative impacts
fill in an online questionnaire and to express identified in the materiality analysis.
a brief opinion on materiality, bearing in
mind the parameters indicated by the GRI There now follows a summary table of the broad
Standards (extent, environment and whether categories of impact, the GRI topics associated
effects are irremediable for negative impacts; with these, reporting any correspondence
extent and environment for positive impacts). with the areas covered by Legislative Decree
These evaluations were collected together 254/2016.

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