Dear collaborators,

The year 2022 was complex, still characterized by many uncertainties, due in particular to the conflict between Ukraine and Russia, which disrupted an economic system that had yet to stabilize itself from the pandemic. Additionally, inflation increased sharply, rates increased exponentially, deglobalization continues at a fast pace, the blockade of China began, raw material prices increased, and the climate crisis has worsened. In 2022, in a massive destruction of wealth, more than thirty trillion dollars in stocks and cryptocurrencies were wiped out. It was also a year characterized by history- making milestones, such as the Earth’s population reaching eight billion inhabitants and the world economy exceeding one hundred trillion dollars.

This has been a demanding and uncertain period, marked by a series of events that led to the “great transition” characterized by changes in society, finance, culture and technology. We are increasingly motivated with pride to continue on our sustainable journey, also with new investments, to create new possibilities for our company and for the community. We are proud to share with you our 2022 Sustainability Report, which continues to progress every year, including more data and initiatives. Much has been done and much more remains to be done, but challenges are part of our history. Together every day, with great determination and passion, we contribute to building a better future.

From this perspective, 2022 was a year of goals achieved and new goals set, and above all of confirmations and awards. We won the Export Capital 2022 award aimed at companies that represent a pillar of the national economy in international markets. The Sustainability Award promoted by Kon Group and Credit Suisse recognized us among the top hundred Italian sustainable companies for our constant commitment to ESG objectives. As evidence of the path Italpreziosi has taken toward sustainability and ethics, Women in Mining UK included me in the ranking of the world’s one hundred most sustainable women in the mining sector (WiM100 2022).

We have continued to place gender equality at the center of our vision and sustainability policies, sponsoring, organizing and attending women’s empowerment and gender equality initiatives. We created and organized a panel on the role in the mining sector of women who are concerned with sustainability, dealing with topics such as combating inequalities, climate change, safeguarding biodiversity and valuing gender equality. Experienced women committed to building a more sustainable and egalitarian industry participated in the Vicenzaoro event. We also started the process of certifying gender equality (reference practice PdR UNI 125:2022), to demonstrate our commitment and seriousness about gender equality. We obtained this certification in early 2023, demonstrating the consistency of our values and our commitment to a more gender- responsive industry.

Faced with the advancing climate crisis and the resulting environmental and social challenges, we have committed ourselves to setting ever more ambitious mitigation goals.

For this reason, we started to measure our carbon footprint, then to report and monitor our impact, with the aim of improving our environmental performance. We are working to obtain the Carbon Footprint certification and continue to improve on this front. At the supply chain level, we have worked to improve our Chain of Information website dedicated to our counterparts. We extended its access to all our stakeholders, to increasingly contribute through training to a more responsible and sustainable supply chain. With this in mind, we have continued partnerships and activities with international institutions, in particular the collaboration with planetGOLD. This is a partnership involving international organizations such as the United Nations and the OECD, colleagues from the public and private sectors and NGOs. We became certified Fairmined Authorized Supplier partners in support of an ethical and transparent supply chain, for the benefit of workers, the community and the environment. We also became members of the Watch & Jewellery Initiative 2030, a project that Kering and Cartier launched aimed at watch and jewelry industry members and based on sustainable development goals. Internally, we have continued to train and update employees on crucial issues such as due diligence, to ensure awareness, responsibility, maximum control of the entire supply chain, and environmental and social sustainability principles for business and personal growth consistent with our values. To ensure maximum participation, we also established an internal competition, “Sustainability Champion,” to bring everyone closer to everyday eco-sustainable actions and involve them in various good habits for the environment and the community. Special thanks to all those on our sustainable journey for their commitment and determination. We are confident that all together we can contribute in some way to improvement, even if small, of humans’ economic and moral conditions.

I am convinced that our journey, uniting economy, individual, environment and society, can be the basis of a new culture. In it, business is recognized as not only sustainable and responsible but innovative and transparent.

Heartfelt thanks to all of you,

Ivana Ciabatti, Italpreziosi Board of Directors Chairperson