Gucci and Intesa Sanpaolo, agreement for sustainable supply chain transition

Gucci and Intesa Sanpaolo renew their collaboration in favor of Italian excellence, placing the transition of the production chain towards sustainable and inclusive practices at the center for the first time. The Florentine luxury maison and the banking institution have signed an agreement that aims to support companies in the Gucci supply chain to undertake a path to improve their social and environmental sustainability through the implementation of concrete actions and interventions, consistent with the guidelines of the National Recovery and Resilience Plan (Pnrr). “We are proud to inaugurate today with Intesa Sanpaolo the first supply chain agreement for the fashion sector – comments Marco Bizzarri, president and CEO of Gucci – which will allow the Gucci ecosystem to take a further step towards the sustainable business revolution. an important step, because only together – public and private, large companies and SMEs – can we achieve critical objectives for society and for Italy, in line with the objectives set by the National Resistance and Resilience Plan. This is a pioneering project : everything we have always hoped to achieve, as companies, to foster the goal of a more just society is now within reach. Social and environmental sustainability is a duty: carbon neutrality, equal opportunities are part of a single infrastructure, thinking – as is necessary – in a country-system logic “. This is the first sustainable supply chain project: the excellences of the Gucci supply chain will o access ad hoc credit lines introduced by Intesa Sanpaolo, in the S-Loan formula and inspired by ESG indicators, with the aim of pursuing crucial objectives such as, for example: efficiency and energy saving (waste reduction or increase in recycling, reduction of water consumption / waste, reduction of use of hazardous chemicals, reduction of single-use plastic packaging, recovery of raw materials); introduction of ‘green’ mobility / logistics projects; development of renewable energy production plants; adaptation of business models to favor the development of the circular economy; activation of initiatives aimed at promoting the female employment rate in the company and supporting professional growth through the creation of training courses and the acquisition of new skills.Moreover, the objectives include the definition and implementation of welfare policies and tools aimed at guaranteeing equality and reducing the gender gap (opportunities for growth in the company, equal pay for equal jobs, policies for the management of gender differences, work-life balance policies, maternity protection) and the adoption of a transparent system of certification of gender equality and activation of initiatives aimed at developing and increasing awareness of gender equality. By combining their strengths and respective skills, which make them two points of reference in their respective sectors, Gucci and Intesa Sanpaolo thus intend to launch an innovative model of support to the production excellence of Made in Italy which, being part of the Gucci supply chain, will independently benefit. easier access to credit, at better conditions, and start its own path of industrial evolution in accordance with the principles of green revolution and ecological transition supported by the national plan.Gucci, carbon neutral since 2018, has been introducing and implementing a strategy for years of environmental and social sustainability aimed at reducing its environmental impact, protecting nature and generating positive change for people and the planet. The company is also committed to the forefront of women empowerment, through its Chime for Change campaign and membership of international forums for the promotion of gender equality (tea including Women’s Forum G20 Italy and Generation Equality Forum). In 2019, it also supported the study ‘Supporting the role of women in the Italian luxury supply chain’, promoted by Kering to understand the status of women working in the Italian luxury supply chain and identify opportunities and define actions to support gender equality. “The agreement signed today with a large company of excellence such as Gucci – observes Carlo Messina, managing director and CEO of Intesa Sanpaolo – represents a new relationship between the bank, company and the reference supply chain, based on sustainability, which we are the first to launch in a phase of turning point for our country represented by the arrival of funds from the Ngeu program. Intesa Sanpaolo confirms its attention to green investments, to the development of models based on circularity: today our attention finds a new application model based on the strength of our system production, that of supply chains, which has long been at the center of our business support programs. We do so with Gucci, already a partner in a successful collaboration, certain that we can overcome new challenges together. Our Group is convinced of how economic development can have healthy perspectives when it has as its references the care for the environmental impact, social inclusion, the enhancement of approx The basis of the agreement announced today is the partnership model already launched in 2020 to deal with the Covid-19 emergency through Intesa Sanpaolo’s ‘Sviluppo Filiere’ program, aimed at supporting development and enhancement of suppliers in the Gucci supply chain and the industrial context in which they operate, recognizing them important advantages on the cost and accessibility of credit as a result of sharing creditworthiness with the lead company.