Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental responsibility
• People responsibility
• Social responsibility
• Business responsibility
• Governance, compliance and anti-corruption
• Responsibility to customers/product

Environmental Achievements

• Installation of a photovoltaic system at headquarters, estimated to provide 50% of energy demand.
• Implementation of LED lighting systems in shops in France and Italy.
• Ongoing project to replace old lighting systems with LED in CHRIST shops in Germany and Austria.
• Live Diamond brand became 100% made of recycled gold in 2022.
• Increased use of recycled materials in production (paper, recycled leather, fabric, apple skin, plastic, corn, recycled PU materials).

Social Achievements

• Provided around 155,000 hours of training to more than 3,500 employees.
• Launched “Prima le Mamme e i Bambini” program with Doctors with Africa Cuamm, supporting safe childbirth and nutritional interventions.
• Renovated lodgings for doctors at Rumbek State Hospital in South Sudan.
• Partnership with @WelfareCare and the Municipality of Santa Giustina in Colle for breast cancer prevention, resulting in 83 examinations.

Governance Achievements

• Adoption of the Code of Ethics in April 2022, updated in May 2023.
• Approval of the Model 231 in May 2023, covering business ethics, compliance, anti-corruption, and anti-money laundering.
• ESG-linked loans issued by Banca Intesa and Crédit Agricole FriulAdria with KPIs linked to employee training and sustainable sourcing.

Climate Goals & Targets

Environmental Challenges

• Energy consumption management
• Climate change and emissions
• Sustainable waste management
• Water consumption management
• Responsible sourcing and supply chain sustainability

Mitigation Strategies

• Constant monitoring of energy consumption and implementation of energy efficiency actions.
• Implementation of a photovoltaic system.
• Waste management system favoring recycling and reuse.
• Monitoring water consumption and implementing actions to reduce water use.
• Formalized procedure for supplier valuation and qualification, including social and environmental criteria.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Code of Ethics shared with strategic suppliers; focus on accountability, traceability, and transparency; requirements for conflict-free gemstones, nickel-free finishing, and responsible sourcing of precious metals, forest products, and colored gemstones.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards (2021)

Certifications: ISO 14021 (self-declaration)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 1
• Goal 2
• Goal 3
• Goal 5
• Goal 6
• Goal 7
• Goal 8
• Goal 9
• Goal 10
• Goal 11
• Goal 12
• Goal 13
• Goal 17

Morellato's initiatives contribute to these SDGs through various programs and sustainable practices.

Sustainable Products & Innovation

• Oui&Me eco-friendly watches; Live Diamond sustainable jewelry; Sector No Limits Save the Ocean watches; Essenza sustainable precious jewels collection; Save The Nature eco-friendly watch straps.

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental responsibility
• People responsibility
• Social Responsibility
• Responsible sourcing
• Product Stewardship
• Circular Economy
• Governance, Business Ethics and Anti-corruption

Environmental Achievements

• Increased use of recycled silver and gold by 271% vs 2022
• Increased use of diamonds and lab-grown precious stones by 81.6% vs 2022
• Morellato and CHRIST brands now use 100% recycled silver
• Obtained Responsible Jewellery Council (RJC) certification
• Implemented a photovoltaic system at headquarters, generating 199 MWh of self-produced electricity from renewable sources.

Social Achievements

• 85% of employees are women
• 38% of employees are under 30
• 50% of managers are women
• Provided 81,778 hours of training to employees
• Launched Morellato Next Talent, a project dedicated to young talents in image and communication.

Governance Achievements

• Adopted the Code of Ethics
• Approved Model 231 in May 2023 (Organization and Management Model under Legislative Decree 231/01)
• Implemented a Whistleblowing platform

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions (implied)
• Extreme atmospheric events damaging photovoltaic system

Mitigation Strategies

• Organizational integration of Christ Group
• Strengthening of technical skills and managerial functions of human resources
• Implementation of energy efficiency actions (LED lighting, logistics optimization)
• Study on monitoring consumption of shops to increase energetic efficiency
• Formalized procedure for valuation and qualification of suppliers

Supply Chain Management

Supplier Audits: Regular inspections managed by the Procurement Office

Responsible Procurement

• Code of Ethics shared with strategic suppliers
• Prioritization of RJC certified suppliers
• Compliance with CITES, KPCS, and other relevant regulations

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Reporting Standards

Frameworks Used: GRI Standards (Global Standard for Sustainability Reporting)

Certifications: Responsible Jewellery Council (RJC)

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 8 (Decent work and economic growth)
• Goal 12 (Responsible consumption and production)
• Goal 13 (Climate action)

Morellato's initiatives contribute to these goals through the use of recycled materials, renewable energy, employee training, and community engagement.

Sustainable Products & Innovation

• Live Diamond (lab-grown stones and recycled gold)
• Oui&Me (eco-friendly watches)
• Sector No Limits (recycled materials)
• Morellato Essenza (100% recycled sterling silver)