TIZIANA ELENA LAFFI

#Duediligence Alert: The Italian Competition Authority (AGCM) has fined #GiorgioArmani SpA and GA Operations SpA €3.5 million for misleading ethical and social responsibility statements that didn't reflect the actual working conditions at suppliers and subcontractors to whom production had been outsourced. This follows the #Dior case a few months ago. The AGCM cited declarations in the Armani Code of Ethics, the Armani Values website (www.armanivalues.com) and the Armani website (www.Armani.com). Giorgio Armani SpA responded with surprise and plans to challenge the decision in the Regional Administrative Court (TAR), stating that they have always operated in fairness and transparency. This is the latest in the growing list of cases brought by competition authorities in France and Italy against companies whose #humanrights and #environmental claims are vague, unsubstantiated or false. It's important to note that the crux of the matter in each case was the failure to conduct due diligence, including the tracing and verification of production sites and standards. EU due diligence laws may be in flux, but prosecutors and competition authorities are reminding us that the risks to consumers, investors, companies and stakeholders are real. What should companies do now? Doubling down on announced audits of known suppliers will achieve nothing. This is not about the knowns, it's about the unknowns, the risks of subcontracting, of price-driven corner-cutting. Companies need to ask themselves how they may be causing or contributing to supplier attempts to evade labour laws, collective agreements, taxes and social security contributions. In short, companies need better risk identification, then they can target their audits. Michael Posner Dorothee Baumann-Pauly Justine Nolan Markus Löning Christine Kim Equiception Business and Human Rights Simone Cipriani Matteo Ward Ken Pucker

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UniTS hosts the second edition of the International Summer School "Sustainability and Digitalization in the Blue Economy", promoted within the framework of the iNEST - Ecosistema dell'Innovazione del Nord Est (funded by the #PNRR – #NextGenerationEU) and the Interreg Italy–Croatia MareSkill project. The initiative involves DEAMS - Dipartimento di Scienze Economiche, Aziendali, Matematiche e Statistiche "Bruno de Finetti", the Department of Engineering and Architecture (DIA), and the Department of Mathematics, Computer Science and Geosciences (MIGe), with the support of OGS – National Institute of Oceanography and Applied Geophysics and the Port Network Authority of the Eastern Adriatic Sea. This international Summer School, held entirely in English, welcomes 28 Master's and PhD students from Iran, Croatia, Serbia, Pakistan, Ghana, Nepal, Bangladesh, Indonesia, Morocco, Moldova, and Italy. The program provides a multidisciplinary education on sustainability and digitalization in the #BlueEconomy, with a special focus on port systems, shipbuilding, maritime transport, and marine resource management. The agenda includes lectures, workshops, group activities, and a series of company and technical visits to key sites such as the Port of Trieste, the Groupe Beneteau Italia, the FINCANTIERI SpA shipyard in Monfalcone, the water system in San Giovanni di Duino, and the wastewater treatment plant managed by AcegasApsAmga. These visits offer participants the opportunity to explore the technologies, processes, and sustainable strategies adopted by leading industrial and infrastructural hubs in the Blue Economy that represent international excellence. A concrete example of international cooperation, network strengthening, multidisciplinarity, and the connection between academia, industry, and institutions—key pillars of the iNEST project. 🔎 Read more here: u.garr.it/xgn2s

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The Hera Group is one of the key participants at Euronext Sustainability Week 2025 (4–11 September), an event dedicated to sustainable finance featuring public debates and direct dialogue between companies and investors. Key highlights: 📌 Today in Milan, at the Investor Conference “Infrastructure, Energy & Defence”, Executive Chairman Cristian Fabbri and CEO Orazio Iacono are meeting leading Italian and international investors to present the Group’s strategy focused on sustainability, innovation and the energy transition. This morning, Executive Chairman Fabbri also spoke at the workshop “Energy mix, networks and infrastructure: security, resilience and innovation”, where he highlighted Hera Group’s role in developing smart, secure networks and emphasized the importance of innovation and investment in strengthening infrastructure resilience. With its strong local presence and close relationship with end consumers, the Group serves as a key enabler of the energy transition. 📌 Engagement with the financial community will continue on 10 September at the Sustainability Week Virtual Investor Conference, with the participation of Investor Relations Director Jens Klint Hansen. 👉 Discover the full programme: https://lnkd.in/dax-MbGT #EuronextSustainabilityWeek2025 #Sustainability #EnergyTransition

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