The questionnaire submitted to the company is below, partially pre-filled on the base on the information collected by the OpenCorporation staff.

GIORGIO ARMANI S.P.A. did not fill the questionnaire.

Registry

1. Business name

GIORGIO ARMANI S.P.A.

2. Report submitted by the company management or trade union / employee representatives

No

3. Role in TNC

  • KeyRole - Chairman
  • KeyRole - CEO
  • KeyRole - Human Resources
  • KeyRole - CSR
  • KeyRole - Industrial relations
  • KeyRole - Communication Public Relations

4. Global Ultimate Ownership (GUO)

MR GIORGIO ARMANI

5. Country (GUO)

Italy

6. Parent company

MR GIORGIO ARMANI

7. Legal form

  • Limited liability company with share capital divided into units
  • Limited liability company
  • Listed liability company with share capital divided into units

8. Is it an SE (Societas Europaea)?

No

9. LEI (Legal Entity Identifier)

81560063BF9718867E90

10. BVD Code

IT02342990153

11. National ID

MI0919502

12. Trade Register Number

MI0919502

13. VAT

02342990153

14. European VAT

-

15. Legal residence

Italy

16. Number of shareholders

> 15%

1

17. Information on major shareholders

MR GIORGIO ARMANI

18. Number of subsidiaries

19

19. City

MILANO

20. Country

Italy

21. Website

www.giorgioarmani.it

22. ISO Country code

IT

23. Main stock exchange of reference

-

24. ISIN number

-

25. Ticker symbol

-

26. Declarations and treaties recognised by the country where it has its registered office

Universal Declaration of Human Rights

Yes

European Convention on Human Rights (ECHR)

Yes

Charter of Fundamental Rights of CDFL Workers (Strasbourg Charter 1989)

Yes

Charter of Fundamental Rights of the European Union EU CFR (Nice Charter 2000)

Yes

Treaty on the Functioning of the European Union TFEU

Yes

Registered office in an OECD country

Yes

ILO C029 - Forced Labour Convention, 1930 (No. 29)

Yes

ILO C087 - Freedom of Association and Protection of the Right to Organise Convention, 1948 (No. 87)

Yes

ILO C098 - Right to Organise and Collective Bargaining Convention, 1949 (No. 98)

Yes

ILO C100 - Equal Remuneration Convention, 1951 (No. 100)

Yes

ILO C105 - Abolition of Forced Labour Convention, 1957 (No. 105)

Yes

ILO C111 - Discrimination (Employment and Occupation) Convention, 1958 (No. 111)

Yes

ILO C138 - Minimum Age Convention, 1973 (No. 138)

Yes

ILO C182 - Worst Forms of Child Labour Convention, 1999 (No. 182)

Yes

Governance

27. Number of members of the Board of Directors (BoD)

-

28. Number of independent directors in the BoD

Indipendent directors: by “independent” we mean members that are not employed by the multinational company, don’t receive a significant payment by the company and are not linked with the various Directors/executives in the company

-

29. Number of women in the BoD

-

30. Duality of the CEO (Chief Executive Officer)

He's defined as dual when performing a role of “safeguard and control” in addition to one of “administrative management”

-

31. How is Governance composed?

  • Doesn't answer
  • Board of Directors
  • Board of Directors and supervisory board
  • Board of directors plus supervisory board with presence of workers
  • Board of Directors plus Board of Statutory Auditors
  • Board of directors plus audit with external professionals

32. Total remuneration of the CEO

in Euro

-

33. Compensatory remuneration of CEO

in Euro

-

34. Date of remuneration

-

35. Is the CEO's remuneration also linked to the environmental and social dimension?

-

36. Management

Current number of Directors and Managers

-

Name of the current Chief Executive Officer

Dr. Giorgio Armani

Gender

M

Date of birth

1934/07/11

Country

Italy

Professional profile of the Chief Executive Officer

Chairman of the Board of Directors

Sanctions to the Chief Executive Officer

-

Number of companies where the CEO has a role

3

Sector Employment

37. Economic activities

Primary NACE code

7410

Description of primary NACE code

Specialised design activities

Secondary NACE code

-

Description of secondary NACE code

-

Brief description of activity

The company is an entity based in Italy that is primarily engaged in the production and distribution of clothing apparels. It was established by Giorgio Armani and Sergio Galeotti in 1975. The registered business office of the company is strategically located in Milano, Italy.The company is an Italian fashion entity that designs, manufactures, distributes and retails fashion and lifestyle products in several categories including apparel, accessories, cosmetics, fragrances, home interiors, jewelry, eyewear and watches under several labels including Giorgio Armani, Armani Collezioni, Emporio Armani, Armani Jeans, Armani Junior, Armani Exchange A|X, and Armani Casa. It licenses its name for perfume, watches, and accessories. The company offers these products to distributors, retailers, and to the general public.The company has its active operations within the country.

38. Employed by country (last year)

Austria-Total employed

-

Belgium - Total employed

-

Bulgaria-Total employed

-

Cyprus-Total employed

-

Croatia-Total employed

-

Denmark-Total employed

-

Estonia-Total employed

-

Finland-Total employed

-

France-Total employed

-

Germany-Total employed

-

Greece-Total employed

-

Ireland-Total employed

-

Italy-Total employed

-

Latvia-Total employed

-

Lithuania-Total employed

-

Luxembourg-total employed

-

Malta-Total employed

-

Netherlands-Total employed

-

Poland-total employed

-

Portugal-Total employed

-

United Kingdom-Total employed

-

Czech Republic - Total employed

-

Romania-Total employed

-

Slovakia-Total employed

-

Slovenia-Total employed

-

Spain-Total employed

-

Sweden-Total employed

-

Hungary-Total employed

-

39. Global employment

Workers [2017]

n.a.

Workers [2016]

8203

Workers [2015]

8221

Workers [2014]

8112

40. Female employment world (in % of total world)

Workers (t)

-

Workers (t-1)

-

Workers (t-2)

-

Workers (t-3)

-

Social Dialogue

41. With respect to GUFs you have experiences of practices of:

Global Union Federations: http://www.global­unions.org/­about­us­.html

Social dialogue

-

Rights of information and consultation of employees or their representatives

-

Employee participation

-

GFA Global Framework Agreement

-

42. Compared to ETUFs you have experiences of practices:

European Trade Union Federations: https://www.etuc.org/european-trade-union-federations-10-list-members

Social dialogue

-

Rights of information and consultation of employees or their representatives

-

Employee participation

-

Collective bargaining

-

43. Are there any restrictions on trade union freedom in the country where the company has its registered office?

https://survey.ituc-csi.org/?lang=en

No

44. Which directives are applied in the company offices in EU 27?

Directive 80/987/EEC

Yes

Directive 89/391/EEC

Yes

Directive 98/59/EC

Yes

Directive 2000/43/EC

Yes

Directive 2000/78/EC

Yes

Directive 2001/23/EC

Yes

Council Directive 2001/86/EC

Yes

Directive 2002/14/EC

Yes

Directive 2002/73/EC

Yes

Council Directive 2003/72/EC

Yes

Directive 2005/56/EC of the European Parliament and of the Council

Yes

Directive 2009/38/EC

Yes

Directive 2004/25/EC

Yes

Directive 2011/35/EU

Yes

45. Is the Company a member of an employers' organisation?

-

46. Collective agreements applied

Global agreement (GFA)

No

Transnational agreements (TNCAs)

No

Transnational agreements by sector (e.g. Bangladesh Accord) or by company (e.g. Global works councils)

No

Agreement to set up the EWC or a representative body in the case of Societas Europaea

No

Joint statements

-

Collective labour agreement in all countries in which it operates

-

Company or supplementary collective labour agreement

-

47. In case of an agreement establishing Cae or a representative body in case of Societas Europaea (SE)

The text of the Agreement shall be made public

No answer

The Agreement was signed by a European Federation (ETUF) or affiliates

-

48. Insert Link to CAE Agreement if available

-

49. In the case of Transnational Agreements

The text of the Agreement shall be made public

-

The Agreement was signed by a World Trade Union Federation (GUFs) or affiliates

-

50. What information and consultation bodies exist in EU 27?

National information and consultation bodies under Directive 2002/14

No answer

National trade union information and consultation bodies under Directive 2002/14

No answer

Workers' health and safety representative within the meaning of Directive 89/391

No answer

Workers' representatives within the meaning of Directives 98/59 on collective redundancies and 2001/23 on the transfer of undertakings

No answer

Social Responsibility

51. Apply GRI Global Reporting Initiative Standards

  • Non-response
  • No
  • Yes, GRI - G4
  • Yes, GRI standards
  • Citing_GRI

52. Please indicate here the link to the database on GRI Reporting

-

53. Publish your Social Responsibility Report

-

54. Publish the Integrated Report

No answer

55. Applied ISO standards

ISO 9000 - Quality Management (from 9001 to 9004)

-

ISO 14000 - Environmental Management

-

ISO 26000 - Social responsibility

No answer

ISO 50001 - Energy Management

-

ISO 22000 - Food safety management

-

ISO 20121 - Sustainable events

-

ISO 37001 - Anti-bribery management systems

-

ISO 45001 - Occupational health and safety

-

ISO 20400 - Sustainable Procurement

-

56. Other applied standards

Eco-Management and Audit Scheme (EMAS)

-

Forest Stewardship Council (FSC)

-

MCERTS (Environment Agency's Monitoring Certification Scheme)

-

Carbon Disclosure Project (CDP)

No answer

57. Social certifications and other CSR standards applied

SA8000 Social Accountability

No

ILO Tripartite Declaration of Principles concerning Multinational Enterprises and Social Policy

-

OECD Guidelines for Multinational Enterprises

No answer

OECD Principles for Corporate Governance

-

58. Global Compact

-

59. SDGs (Social Development Goals)

No answer

60. Do you apply Directive 95/2014 on the disclosure of non-financial information?

-

61. If you adopt OECD guidelines, have you submitted applications to the national contact points?

-

62. If you do not adopt the GRI standards but have prepared a social report, what are the topics regulated?

Transparency

-

Relations with suppliers

-

Relations with staff

-

Relations with the public

-

Reducing environmental risks

-

Moral and sexual harassment

-

63. If you do not adopt the GRI standards but have prepared a social report, which actors/stakeholders are involved?

Trade union organisations

-

Local government

-

Consumer associations

-

Workers' representatives

-

NGO

-

Civil society representatives

-

64. CSR/ESG policies are also applied to:

Domestic transactions

-

International transactions

-

Supply chain and outsourcing

-

Distribution

-

Franchising

-

After sales assistance

-

65. What are the tools used to verify compliance with CSR/ESG policies along the supply chain?

  • Non-response
  • None
  • External Audit
  • Internal control

66. Do you adopt or promote whistleblowing practices?

-

67. If so, which ones?

-

68. Participation in rankings

  • Global 100 Most Sustainable Corporations
  • Global CSR RepTrak 100
  • BrandZ Top 100 Most Valuable US Brands
  • The World's Best Multinational Workplaces
  • The Gartner Supply Chain Top 25
  • The World's Most Innovative Companies
  • The DiversityInc Top 50 Companies
  • Best Global Websites
  • Green Ranking Global Top 500
  • Green Ranking Global Top 100

69. RepRisk indicators

RepRisk indicator (last month)

18

Peak RepRisk Indicator (Last 2 years)

26

% RepRisk Environment

-

% Social RepRisk

-

RepRisk Governance %

100

Job Conditions

70. Do you have a training policy?

-

71. Average number of training/employing hours in last year

-

72. Skills management and lifelong learning programmes for the ongoing employability of employees

-

73. You have a policy to protect the right to health and safety in the workplace where the company operates

-

74. You have a policy to protect the right to health and safety in the workplace in the supply chain

-

75. Total number of accidents (latest available year)

-

76. Number of fatalities (latest available year)

-

77. Assessment of psychosocial risks and work-related stress

-

78. Recognition of business benefits

Supplementary pension plans

-

Health/additional health

-

Insurance for employees and families

-

Training and support for mobility

-

Hourly/work flexibility

-

Loans/loan repayments

-

Equal opportunities

-

Parental support

-

Reconciling life and work

-

Possibility of bringing children to work in case of need

-

Grant/Refund for registration at the Fitness Centres/Open Sports Facilities

-

Contribution to transport costs incurred by employees

-

Incentive for non-polluting means of transport

-

Corporate Car

-

PC/laptop/telephone

-

Measures to combat poverty or social exclusion

-

Welfare extended to the territory

-

Finance

79. Advertising of the financial statements/consolidated

-

80. If so, with what level of detail?

  • Non-response
  • Reclassification item
  • Reclassification detail
  • Detail detailing financial investments and participations

81. Check, supplement or supply quantitative data on (data in euro, thousands)

Total assets [2017]

0

Total assets [2016]

2.770.598

Total assets [2015]

2.732.064

Total assets [2014]

2.616.569

Equity capital [2017]

0

Equity capital [2016]

1.970.565

Equity capital [2015]

1.944.227

Equity capital [2014]

1.735.637

Revenues (Net Sales) [2017]

0

Revenues (Net Sales) [2016]

2.511.443

Revenues (Net Sales) [2015]

2.650.059

Revenues (Net Sales) [2014]

2.535.478

Cost of production [2017]

0

Cost of production [2016]

0

Cost of production [2015]

0

Cost of production [2014]

0

labour costs [2017]

0

labour costs [2016]

473.373

labour costs [2015]

474.344

labour costs [2014]

428.290

Other operating expenses [2017]

0

Other operating expenses [2016]

0

Other operating expenses [2015]

0

Other operating expenses [2014]

0

Gross profit [2017]

0

Gross profit [2016]

0

Gross profit [2015]

0

Gross profit [2014]

0

R&D Research & Development [2017]

0

R&D Research & Development [2016]

0

R&D Research & Development [2015]

0

R&D Research & Development [2014]

0

Cash Flow [2017]

0

Cash Flow [2016]

393.443

Cash Flow [2015]

362.812

Cash Flow [2014]

369.804

Added value [2017]

0

Added value [2016]

948.885

Added value [2015]

963.333

Added value [2014]

928.054

Gross operating margin (Ebitda) [2017]

0

Gross operating margin (Ebitda) [2016]

460.746

Gross operating margin (Ebitda) [2015]

514.774

Gross operating margin (Ebitda) [2014]

507.716

Amortization, depreciation and write-downs [2017]

0

Amortization, depreciation and write-downs [2016]

122.540

Amortization, depreciation and write-downs [2015]

122.024

Amortization, depreciation and write-downs [2014]

108.030

Operating result (EBIT) [2017]

0

Operating result (EBIT) [2016]

338.206

Operating result (EBIT) [2015]

392.750

Operating result (EBIT) [2014]

399.686

Interests [2017]

0

Interests [2016]

3.093

Interests [2015]

4.205

Interests [2014]

9.421

extraordinary items [2017]

0

extraordinary items [2016]

6.704

extraordinary items [2015]

13.446

extraordinary items [2014]

9.186

Pre-tax result [2017]

0

Pre-tax result [2016]

343.175

Pre-tax result [2015]

349.314

Pre-tax result [2014]

373.127

Taxes [2017]

0

Taxes [2016]

78.976

Taxes [2015]

121.972

Taxes [2014]

120.539

Fiinancial P/L [2017]

0

Fiinancial P/L [2016]

4.969

Fiinancial P/L [2015]

-43.436

Fiinancial P/L [2014]

-26.559

Financial revenue [2017]

0

Financial revenue [2016]

1.448

Financial revenue [2015]

4.888

Financial revenue [2014]

2.820

Financial expenses [2017]

0

Financial expenses [2016]

-3.521

Financial expenses [2015]

48.324

Financial expenses [2014]

29.379

Net income (Net Income) [2017]

0

Net income (Net Income) [2016]

264.199

Net income (Net Income) [2015]

227.342

Net income (Net Income) [2014]

252.588

82. On which criteria the financial investment policy is based

  • Doesn't answer
  • Assessment based on performance only
  • Risk-based assessment
  • Assessment based on an internal responsibility code
  • Assessment based on parameters of social and environmental impact
  • Assessment with certification of ethical rating agencies

83. Adoption of tax optimisation actions

  • Doesn't answer
  • None
  • Allocation of profits generated by companies to the jurisdiction with the lowest tax rate
  • Transfer pricing regulation (as provided for in the OECD guidelines)
  • Unbound on deductibility of payments made to a country with facilitated taxation
  • Non-imposition of withholding tax on transfers of money to countries with facilitated taxation
  • Non-introduction of exit taxation from tax havens, to be applied when liquidity is transferred from a country with facilitated taxation to highly taxed countries
  • Promotion of voluntary disclosure initiatives to highlight assets held in countries with reduced taxation

84. Charity actions/activities/initiatives

-

85. If yes, enter URLs or list the target activitys/associations

-

86. Financial indicators

Profit per employee (th) [2017]

0

Profit per employee (th) [2016]

41,835

Profit per employee (th) [2015]

42,49

Profit per employee (th) [2014]

45,997

Operating revenue per employee (th) [2017]

0

Operating revenue per employee (th) [2016]

306,584

Operating revenue per employee (th) [2015]

322,62

Operating revenue per employee (th) [2014]

312,935

Costs of employees / Operating revenue (%) [2017]

n.a.

Costs of employees / Operating revenue (%) [2016]

18.823

Costs of employees / Operating revenue (%) [2015]

17.885

Costs of employees / Operating revenue (%) [2014]

16.872

Average cost of employee (th) [2017]

0

Average cost of employee (th) [2016]

57,707

Average cost of employee (th) [2015]

57,699

Average cost of employee (th) [2014]

52,797

Shareholders' funds for employees (th) [2017]

0

Shareholders' funds for employees (th) [2016]

240,225

Shareholders' funds for employees (th) [2015]

236,495

Shareholders' funds for employees (th) [2014]

213,959

Working capital for employees (th) [2017]

0

Working capital for employees (th) [2016]

68,384

Working capital for employees (th) [2015]

69,305

Working capital for employees (th) [2014]

65,058

Total assets per employee (th) [2017]

0

Total assets per employee (th) [2016]

337,754

Total assets per employee (th) [2015]

332,327

Total assets per employee (th) [2014]

322,555

ROE using P/L before tax (%) [2017]

n.a.

ROE using P/L before tax (%) [2016]

17.415

ROE using P/L before tax (%) [2015]

17.967

ROE using P/L before tax (%) [2014]

21.498

ROCE using P/L before tax (%) [2017]

n.a.

ROCE using P/L before tax (%) [2016]

15.662

ROCE using P/L before tax (%) [2015]

16.414

ROCE using P/L before tax (%) [2014]

19.49

ROA using P/L before tax (%) [2017]

n.a.

ROA using P/L before tax (%) [2016]

12.386

ROA using P/L before tax (%) [2015]

12.786

ROA using P/L before tax (%) [2014]

14.26

ROE using Net income (%) [2017]

n.a.

ROE using Net income (%) [2016]

13.747

ROE using Net income (%) [2015]

12.385

ROE using Net income (%) [2014]

15.082

ROCE using Net income (%) [2017]

n.a.

ROCE using Net income (%) [2016]

12.393

ROCE using Net income (%) [2015]

11.375

ROCE using Net income (%) [2014]

13.817

ROA using Net income (%) [2017]

n.a.

ROA using Net income (%) [2016]

9.778

ROA using Net income (%) [2015]

8.813

ROA using Net income (%) [2014]

10.004

Diversity

87. Do you have a diversity policy in place?

-

88. Have measures been taken to support the maternity and parenthood of workers?

Company nurseries

-

Playroom inside the company

-

Agreements with kindergartens/libraries in the vicinity of the company

-

Summer centres

-

Financial contributions for home and/or day-care babysitters

-

Reversible part time

-

Teleworking

-

Work at home

-

Time bank

-

Flexible time in or out

-

Flexibility on shifts

-

Concentrated timetable

-

Employment support upon return from maternity leave or parental leave

-

Training for reintegration after maternity or parental leave

-

89. Has the gender budget been adopted?

-

90. What specific measures should be taken to promote female employment and career development?

Training courses for the acquisition of specific skills intended solely for female workers

-

Training initiatives in sectors and levels where women are underrepresented

-

Encouraging applications from women for senior posts

-

Change in work organisation to facilitate the reconciliation of living and working time

-

Preference in recruitment of the candidate in case of equal merit with the male candidate

-

Monitoring of recruitment and career advancement of women

-

Study of the situations, levels and sectors in which pay differentials occur

-

Training courses/seminars on equality and equal opportunities for managers and employees

-

91. Bodies/Committees for Equal Opportunities in the Company

-

92. If Yes, with an expense budget funded by the employer?

-

93. What measures should be taken to include workers with a difference of racial or ethnic origin and/or for the promotion of religious beliefs?

Change in work organisation

-

Granting of permits

-

Flexible time in or out

-

Flexibility on shifts

-

Concentrated timetable

-

94. Use of child labour

-

95. Measures to combat child labour

Not contracted with suppliers using child labor

-

Involves third party entities to monitor the phenomenon

-

Requires its suppliers to terminate their contractual relationships with any subcontractors who use child labor

-

Termination of contractual relationships with suppliers using subcontractors employing minors

-

96. Spreading a culture of differences and human rights

Training Courses/Internal Company Seminars

-

Funding of participation in training courses/seminars

-

Promotion and/or support of awareness campaigns

-

97. Judicial sentences in cases of discrimination and/or harassment in the last 5 years?

Discrimination/gender harassment or sexual orientation

-

Discrimination/harassment by age or disability

-

Discrimination/harassment by race or ethnic origin

-

Discrimination/harassment on the grounds of religion or belief

-

98. Judicial convictions for trade union reasons in the last 5 years?

-

99. Provision of specific measures for the protection of the health and safety of female workers and in relation to age and origin from other countries

Provision of gender-differentiated protection measures

-

Provision of age-differentiated protection measures

-

Inclusion in risk assessment

-

Training and supervision in relation to age

-

Training and supervision in relation to provenance

-

100. Involvement of workers' representatives in the adoption of measures on the theme of diversity

-

Accessibility

101. Do you have a web accessibility policy?

-

102. Enter URL of the page on the web policy

-

103. Web site accessibility, what actions have you applied

Insertion of Tag Title and Alt in media and hypertext content (for the blind)

-

Use of correct fonts: Georgia, Times New Roman, San Serif, Verdana

-

Backgrounds with contrasting color and text

-

Character magnification with "3 A" positioning in the top right corner

-

Readable website adaptable to all new devices, from smartphones to tablets

-

104. Do you have a specific policy of job placement of people with disabilities?

-

105. If Yes, which ones?

Abatement of architectural barriers for disabled motors in every room of the 'company for full use and access to every single service

-

Dismantling of barriers for sensory disabled with tactile paths, sound signal floors, paths to the floors

-

Supply of food suitable for different food needs, including ethnic and religious ones (e.g. intolerances or allergies, celiac disease, kosher, halal, vegetarian, vegan)

-

Adoption of smart working (1) for temporary disabilities (2)

-

106. If Yes, for what type of disability?

People with motor disabilities

-

People with sensory disabilities

-

107. Adoption of training/updating programmes for disabled workers?

-

108. If Yes, how?

With qualified staff on the various disabilities with the peer-to-peer principle

-

With external experts

-

With refresher courses and information to all employees

-

109. Does your company have a policy of accessibility, work facilitation, IT tools?

-

110. If Yes for what kind of disability?

People with motor disabilities

-

People with sensory disabilities

-

111. Involvement of workers' representatives in the adoption of measures on accessibility for people with disabilities

-

112. For company meetings/meetings, what accessibility policies are in place?

Abatement of architectural barriers for disabled motors in every room of the 'company for full use and access to every single service

-

Dismantling of barriers for sensory disabled with tactile paths, sound signal floors, paths to the floors

-

Supply of food suitable for different food needs (intolerances or allergies, celiac disease, kosher, halal, vegetarian, vegan)

-

Adoption of smart working (1) for temporary disabilities (2)

-

Environment

113. Do you have an environmental policy?

-

114. How often are monitoring reports published?

  • Non-response
  • Occasional
  • Biannual
  • Yearly

115. Involvement in environmental risk management policies

Unilaterally

-

With the workers' representatives

-

With its main suppliers/customers

-

With administrations and civil society directly or indirectly involved

-

116. Is there significant progress in the company's environmental performance?

-

117. Environmental risk management policy applied in all the locations in which the company operates

-

118. Adoption of a Green Public Procurement system for suppliers

-

119. Adoption of measures to monitor and reduce environmental risk

-

120. Life cycle assessment analysis?

-

121. Adoption of measures for circular economy and efficient use of materials?

-

122. Use of eco-design and design for the recovery of materials at the end of their life?

-

123. Convictions at all levels for environmental offences over the last 5 years?

-