The Armani Group
and Governance
Governance and organization
The Giorgio Armani Foundation was established in 2016.
It was founded by Giorgio Armani to ensure continuous guidance for the company’s future management, as well as to foster and protect the values and principles that have always inspired the founder’s creative and entrepreneurial activities.
“I decided to create the Giorgio Armani Foundation in order to implement projects of public and social interest. The Foundation will also safeguard the governance assets of the Armani Group and ensure that these assets are kept stable over time, in respect of and consistent with some principles that are particularly important to me and that have always inspired my activities as a Designer and an Entrepreneur.
These founding principles are based upon: autonomy and independence, an ethical approach to management with integrity and honesty, attention to innovation and excellence, an absolute priority to the continuous development of the Armani brand sustained by appropriate investments, prudent and balanced financial management, limited recourse to debt and a careful approach to acquisitions.”
In 2021, in order to strengthen its governance on the issue of sustainable and responsible development, the Armani Group established a Sustainability Division and Department. Furthermore, a Strategic Committee was set up, chaired by a Managing Director appointed within the Board of Directors, with the aim of approving the sustainability plan — centred around three core action areas of People, Planet, and Prosperity — and ensuring its integration with the business strategy. The areas on which reporting is focused are identified through a stakeholder engagement process designed to assess the needs and demands of stakeholders.
Whistleblowing
The Armani Group has always been committed to promoting among its employees, directors, consultants and other collaborators, a company culture based on principles of ethics and legality.
To this end, the Armani Group encourages the reporting of breaches of law, of the Group’s Code of Ethics and of company procedures, in order to prevent and identify problems and risks to which the Armani Group may be exposed to.
To fulfil such a need, in 2023 the Armani Group has adopted a specific whistleblowing reporting channel, developed and operated by an external company, which guarantees the untraceability of reports as well as the confidentiality of the reported information and of the whistleblower’s identity.
Highlights
News and updates on the ongoing projects and initiatives of The Armani Group.
