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Chapter 5 | Ratti’s environmental commitment

of excess food and has developed a series of and Romania purchase negligible quantities of
circular economy activities which, in addition to materials, in compliance with local regulations.
preventing waste, will facilitate the recycling of
materials. A part of this is the “PHORIA” project, Group purchases are almost all carried out by
which involves the use of a 100% silk by-product Ratti SpA BC while the foreign sites at Tunisia
to make padding used in lining (see Chapter 4, and Romania purchase negligible quantities of
paragraph 4.5 “Ratti’s circular textiles: the PHORIA materials, in compliance with local regulations.
brand”). Ratti SpA BC’s Code of Ethics is a key tool for 68%
managing relationships with suppliers. Of waste from garments and
Finally, Ratti SpA BC has set up a company It was renewed in 2018 (see Chapter 7, paragraph accessories is destined to
– Second Life Fibers Srl – which recycles non- 7.2 “The bodies and the instruments that monitor form part of preparation for
hazardous textile waste. This company has received corporate ethics”), and for further details the Code reuse in cycles of consu-
the authorisation required to carry out its activities of Ethics (see the box “The Supplier’s Code”). mption.
and is fitting out its plant to manage materials. (Source: L’Italia del riciclo)
In addition, Ratti SpA BC’s Environmental Policy
For Creomoda and for La Maison des Accessoires, Ratti selects “suppliers and subcontractors on the 29%
raises the topic of supply chain, specifying that
efficiency enhancement was carried out in relation
to the transportation by sea of accessories basis of their ability to supply goods and services Is sent for recycling
from Tunisia to Italy. In particular, disposable which comply with the requirements and the (Source: L’Italia del riciclo)
cardboard packaging was replaced by a more principles set out therein (sustainability, quality),
durable “travelling” packaging. monitoring their performance and establishing a 3%
constructive dialogue with them to ensure that the Is sent for disposal
business is sustainable over time”. (Source: L’Italia del riciclo)
5.4

A virtuous circle of good An evaluation of the supplier, therefore, must
ensure that it subscribes to the Group’s Code of
practices Ethics, it accepts the general supply conditions
and adheres to the principles of social and
environmental accountability.
Selecting suppliers
Ratti targets maximum reliability and quality in its With the aim of enhancing and monitoring the
daily operations. This means management which accountability of its supply chain, Ratti SpA BC has
is accountable and sustainable and which is solidly implemented a procedure for initial selection
anchored in values and a company policy that also and regular assessment in which, in addition
includes its approach to the supply chain. to quality, service and competition criteria,
specific parameters of suppliers’ social and
Operating at international level, the Group environmental accountability are monitored.
interfaces with businesses and organisations in
Italy and abroad. This is why selecting suppliers
and managing relationships with them in the right
way is a theme of fundamental importance. This The Suppliers’ Code
creates an opportunity to generate value in the
complex textile-fashion supply chain.
In managing its business activities, continuing such relationships.
the Ratti Group is committed to
As far as the supply chain is concerned,
Ratti purchases both direct materials (yarns, respecting ethical and moral values To ensure supplier compliance, the
unfinished and semi-finished fabrics and all that are defined on the basis of Group reserves the right to check
materials involved in the production cycle) and probity, honesty and transparency, that the principles stipulated have
indirect materials (services, capex, maintenance, and requires its suppliers to act in been complied with.
packaging and materials not directly involved in line with the same principles when The contents of the Suppliers’
the production cycle). managing their companies. Code focus specifically on
respecting human rights and
With regard to the first (direct) category, the The Ratti Group has worked to make working conditions, safeguarding
geographical areas for supply include the Far the Suppliers’ Code and the Code the environment, the fight against
East, Italy and Europe, while the indirect category of Ethics an integral part of supplier corruption and respect for
involves Italy and Europe. contracts, as a prerogative for intellectual property.
Group purchases are almost all carried out by
Ratti SpA BC while the foreign sites at Tunisia

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