Chief Executive Officer & Chairman
GIANCARLO DANI and VALERIO MAZZASETTE
Dear Stakeholder,
2025 was a year that called for significant adaptability from both our industry and our organization, amid an economic and geopolitical landscape that remained complex and was shaped by profound changes in market demand and production models.
Against this backdrop, we continued to pursue a clear and consistent direction: strengthening our competitiveness through sustainability, which we view as a strategic driver embedded in our industrial decisions, operational processes, and relationships across the entire supply chain.
One of the year’s most significant achievements was obtaining Gender Equality Certification in December 2025. This milestone represents not only an important accomplishment, but above all a tangible and ongoing commitment to fostering a fair, inclusive workplace where people’s skills and talents are fully recognized and valued.
At the same time, we further strengthened our commitment to addressing climate change by adopting a structured and measurable approach. Life Cycle Assessment (LCA) analyses conducted on our products show an average 40% reduction in climate impacts in 2025 compared with 2024. This result demonstrates the effectiveness of our initiatives in process innovation, energy efficiency, and the responsible sourcing of raw materials.
The year also marked a particularly meaningful milestone for our company as we celebrated the 75th anniversary of our founding. This important occasion gave us the opportunity to reflect on our history, strengthen our sense of belonging, and share with our employees, partners, and local communities the values that have guided our growth: quality, responsibility, and the ability to innovate while remaining true to our heritage. The anniversary celebrations were not only a moment to honour our past, but also an opportunity to renew our commitment to the future. These achievements are part of a broader vision that places sustainability at the heart of building resilience in the short term and creating long-term value. In a market environment that remains uncertain, we continue to invest in quality, innovation, and transparency, convinced that only a responsible approach can enable us to meet the expectations of our customers, business partners, and the communities in which we operate.
Engaging with our stakeholders remains a cornerstone of our journey. Through active listening and open dialogue, we shape our priorities and strengthen our ability to generate positive economic, environmental, and social impacts.
With this Sustainability Report, we are pleased to share, in a transparent manner, the results we have achieved, the challenges we have faced, and the objectives that lie ahead, reaffirming our commitment to playing an active role in the transition towards more sustainable development models.
We sincerely thank you for your continued trust and support.
Warm regards,
GIANCARLO DANI
Chief Executive Officer and Chairman
VALERIO MAZZASETTE
Managing Director, DANI S.p.A.
Approach to sustainability
DANI brands
Passion for quality and innovation. And above all: respect, for what we do, for people, animals and the environment. Since 1950, the DANI Group has been acknowledged and has distinguished itself in the world for its way of being, thinking and working.
Since 2017, DANI S.p.A. has adhered to the United Nations Global Compact (UNGC), incorporating the 10 of the principles advocated by the United Nations into its initiatives:
Involvement of stakeholders and materiality matrix
Involving stakeholders in the group’s activities is an essential step in reconciling both sustainable development and the company’s economic performance.
Internal
For DANI, the main and most important internal stakeholders are its employees, who are invited and involved to express their opinion on issues they consider important, by filling in specific formats, listening desks and through their representatives.
EXTERNAL
DANI has involved its external stakeholders in a dialogue aimed at identifying, using a predefined methodology, the issues of greatest interest, in order to define and plan strategies and objectives in the field of sustainability.
THE MOST RELEVANT ISSUES FOR DANI AND ITS STAKEHOLDERS
Environmental
PROTECTION OF BIODIVERSITY
SOIL AND SUBSOIL PROTECTION
CIRCULAR ECONOMY, DURABILITY AND PRODUCT END-OFLIFE
REDUCED USE OF CHEMICAL PRODUCTS
WASTE RECOVERY
SUPPLY CHAIN SUSTAINABILITY
REDUCED AIR POLLUTION
RESPONSIBLE WATER CONSUMPTION AND PROTECTION OF WATER SOURCES
RENEWABLE ENERGIES AND ENERGY EFFICENCY
INNOVATION AND LOW IMPACT PRODUCT
CLIMATIC CHANGE AND CORPORATE DECARBONISATION
Social
SUPPORT TO LOCAL COMMUNITIES AND SOCIAL COHESION
COLLABORATIONS WITH SCHOOLS, UNIVERSITIES, AND RESEARCH INSTITUTES
CONSUMER AWARENESS AND GOODS HEALTH AND SAFETY
CORPORATE WELFARE PROMOTION
GENDER EQUALITY GUARANTEE
ENSURING ANIMAL WELFARE
PROFESSIONAL DEVELOPMENT OF WORKERS
SAFEGUARDING OF HUMAN RIGHTS
ETHICS, ANTI-CORRUPTION AND UNFAIR COMPETITION
BALANCE BETWEEN WORK AND PRIVATE LIFE
Governance
CREATION OF ECONOMIC ADDED VALUE
CORPORATE PROFITABILITY
TRACEABILITY OF THE PRODUCT AND RAW MATERIALS
PRODUCT QUALITY
COMPANY AND PRODUCT MANAGEMENT SYSTEMS
We certify our goals because they are proof of our daily commitment to improving the safety of workers, the quality of our products, the reliability of our processes and the environmental compatibility of our production processes.
CONSCIOUSLY TAKING THE FIRST STEP MEANS THE JOURNEY HAS STARTED.
MEASURING TO DO BETTER. WHAT YOU DISCOVER CHANGES YOU, AND ALSO CHANGES THE WORLD.
MONITORING SUSTAINABILITY PERFORMANCE TO GUARANTEE TRANSPARENCY TOWARDS ALL STAKEHOLDERS.
OFFERING GUARANTEES OF CONFORMITY IN RELATION TO SUPPLY CHAIN TRACEABILITY AT ALL STAGE, ALSO UPSTREAM AND DOWNSTREAM.
EACH STEP OF THE JOURNEY MARKS THE DIFFERENCE BETWEEN WHO WE ARE AND WHO WE WERE.
rating esg
For 2025, our EcoVadis assessment awarded DANI a Platinum rating, placing the company among the top 1% of the world’s most sustainable businesses. For the eighth consecutive year, DANI S.p.A. has improved its performance, increasing its overall score by three points.
The EcoVadis platform enables companies to monitor their own sustainability performance as well as that of their suppliers, manage supply chain risks, and support suppliers through continuous improvement plans. Among the four pillars assessed by EcoVadis experts, the categories of Labour & Human Rights, Environment, and Sustainable Procurement were key contributors to this outstanding result, further confirming the strong, shared commitment of DANI and its partners to advancing sustainability across the value chain.
Economic sustainability
During the 2025 financial year, DANI S.p.A. generated € 114.1 million in economic value, confirming its role as a key economic contributor to the production value chain, its employees, financial partners, and the local communities in which it operates.
The economic value distributed amounted to € 111.3 million, equivalent to approximately 97.6% of the value generated, demonstrating the Company’s ability to create and distribute wealth among its stakeholders through the remuneration of production factors and support for the local economy.
The largest component of distributed economic value was represented by operating costs, amounting to € 83.9 million, reflecting the contribution made to suppliers and partners across the value chain. This item accounted for approximately 75% of the total economic value distributed, highlighting the strategic importance of the Company’s supply network and industrial partnerships within its business model.
| BALANCE SHEET DATA | 2024 | 2025 |
|---|---|---|
| Economic value generated by DANI S.p.A. | € 121.036 | € 114.073 |
| Economic value distributed by DANI S.p.A. | € 117.310 | € 111.288 |
| of which Reclassified operating costs | € 87.855 | € 83.884 |
| of which Employee Remuneration | € 28.008 | € 26.107 |
| of which Remuneration to Lenders | € 1.415 | € 1.259 |
| of which Remuneration of the Community | € 32 | € 38 |
| Economic value withheld by DANI S.p.A. | € 3.726 | € 2.785 |
Environmental sustainability
WATER AND WASTE WATER
Water is one of the most important natural resources, also in leather processing. The internalisation of the production chain has allowed Dani to optimise consumption, achieving a significant reduction in water demand and, at the same time, a different and more homogeneous configuration of industrial waste.
BY-PRODUCTS AND WASTE
DANI is committed to continuously improving its production processes and maximising the efficient use of raw materials, consistently achieving a recovery rate of over 98% for its production waste. In particular, an increase was recorded in the generation of other waste categories not specifically listed. Although this figure is higher than in previous years, it is consistent with the production volumes and product mix recorded during 2025.
EMISSIONS: GREENHOUSE GAS INVENTORY
In 2025, DANI reaffirmed its commitment to measuring its organisational carbon footprint. This company-wide approach enables the continuous monitoring of the effectiveness of its decarbonisation strategy while identifying opportunities for improvement across both direct and indirect operations.
During the year, activities focused on collecting and analysing data relating to 2024, further strengthening an increasingly robust reporting process that is independently verified by third- party certification bodies.
CARBON REDUCTION STRATEGY
DANI S.p.A. has established science-aligned decarbonisation targets, aiming to achieve a 42% reduction in Global Warming Potential (GWP) by 2034, using both product LCAs and the Corporate Carbon Footprint as reference methodologies, with 2024 as the baseline year.
To achieve these objectives, the Company’s strategy is built around five key pillars:
Involvement of the value chain
Process efficiency and optimisation
Energy transition
Technological and methodological innovation
Strategic and systematic approach
Management of energy aspects
Another key focus area for DANI is the continuous monitoring of energy consumption, which includes not only electricity but also natural gas and fuel. Data for the 2023–2025 period show a slight increase in natural gas consumption, alongside improved efficiency in the use of electricity and diesel fuel.
| BALANCE SHEET DATA | 2023 | 2024 | 2025 |
|---|---|---|---|
| Natural gas (m3) | 3.065.281 | 3.235.874 | 3.289.871 |
| Diesel (kg) | 46.750 | 47.600 | 44.200 |
| Electricity (kWh) | 12.421.651 | 12.652.285 | 12.212.030 |
| Consumption (TOE/kg processed leather) |
0,000179 |
0,000175 | 0,000192 |
Traceability
DANI S.p.A. provides its customers with high- quality, sustainable products through a supply chain that is fully traceable, transparent, and independently verifiable. As part of this commitment, the Company has, for many years, certified the European origin of more than 90% of the raw hides it purchases. This sourcing policy enables DANI to exclude procurement from areas at risk of deforestation and from countries where animal welfare regulations and enforcement are considered inadequate.
The systems adopted to ensure material traceability and compliance with ethical standards throughout every stage of the product life cycle are rigorously validated and verified by independent third-party certification bodies.
Through the careful management of supply chain information - including the origin of livestock, farming conditions, and animal treatment practices - the Company is able to monitor the sustainability of the entire process, from raw material sourcing to the finished product, ensuring full compliance with ethical and environmental principles.
DANI’s commitment to safeguarding the integrity of its supply chain is demonstrated by the continuous maintenance of the ICEC ‘Animal Welfare Risk Analysis’ and ICEC TS SC 410 ‘Raw Material Traceability’ certifications. Compliance with these standards ensures that the Company sources hides exclusively from farms operating in full accordance with applicable legislation and the best voluntary practices adopted by the food supply chain with regard to animal welfare.
By maintaining these certifications and ensuring the European origin of the vast majority of its raw material purchases, DANI S.p.A. provides a concrete response to the growing demand from stakeholders for transparency and accountability, offering assurance regarding both the origin of its raw materials and its commitment to animal welfare.
*Source: internal revision on the value purchase of the total raw material for year 2025
Social sustainability
Initiatives aimed at employees
For many years, our vision of sustainability has been focused on putting into practice the many social aspects that define a responsible organisation: fairness, protection of human rights, promotion of talent and the battle against discrimination.
Cesare Pozzo Supplementary Health Fund and Corporate Welfare Benefits
In 2025, together with our partner Società Nazionale di Mutuo Soccorso Cesare Pozzo ETS, we continued to provide supplementary healthcare benefits to all our employees. Through the company helpdesk, managed by specialists made available by our partner, employees can book appointments to receive assistance, submit enquiries, and provide the documentation required to obtain reimbursement for eligible healthcare expenses.
This service is complemented by the daily support provided by our Human Resources team, which assists employees in understanding the details of the available benefits and navigating the relevant procedures with confidence.
The utilisation data are encouraging. In 2025, the total value of healthcare reimbursements increased in absolute terms compared with the previous year, despite an average 10% reduction in the Company’s workforce over the same period. In addition, the average reimbursement amount per employee recorded double-digit growth compared with the previous year. Once again this year, we were also able toreinvest a portion of our profits for the benefit of our members, in line with our mutual support approach. As a result, additional welfare benefits were provided to employees, including a €250 Baby Bonus and free Long-Term Care (LTC) coverage.
Training
In 2025, the Company further expanded its technical training and advanced safety programmes, with a particular focus on Production.
More than 150 production operators took part in the initiative, which was designed to enhance their understanding of the operation and safe use of complex machinery. Most of the training was delivered through on-the-job coaching and also provided an opportunity to strengthen safety practices, enabling employees to work more safely, effectively, and with greater awareness.
| BALANCE SHEET DATA | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total hours worked | 1.173.764 | 1.043.336 | 986.331 |
| Total training hours | 8.651 | 5.864 | 23.846 |
| Ratio of training hours to hours worked | 0,74% | 0,58% | 2,42% |
| Average training hours per capita |
12,67 |
8,93 | 39,85 |
External activities: events and communication
Trade Fairs
Participation in international trade fairs remains one of DANI’s most effective tools for promoting its products and services, while also providing valuable opportunities for networking.
75° anniversary
We are deeply grateful to have shared a special evening with our partners in celebration of 75 years of dreams, passion, and dedication within the DANI family.
“Ci sto? Affare fatica!” Project
The initiative promoted by the Municipality of Chiampo engaged young people on a voluntary basis during the summer break, giving them the opportunity to experience the value of hard work and witness the tangible results of their efforts.
Moby Dick Collaboration
The Moby Dick Social Cooperative in Arzignano is dedicated to providing a welcoming and supportive environment centred on the individual, promoting well- being and delivering comprehensive care to patients and their families.
Reached goals and next targets
2025 REACHED GOALS
PLASTIC PACKAGING REDUCTION -15%
- 19,89%
BASELINE 2023
REDUCTION IN WATER CONSUMPTION -0,5%
- 0,80%
BASELINE 2024
REDUCTION IN CO2 EMISSIONS -5%
-18,60%
BASELINE 2023
REDUCTION IN THE OCCUPATIONAL INJURY SEVERITY RATE -15%
- 17%
BASELINE 2024
2026 NEXT TARGETS
REDUCTION IN WOODEN PACKAGING
−10%
VS. 2025
REDUCTION IN PLASTIC PACKAGING
−10%
VS. 2025
REDUCTION IN COD LEVELS IN WASTEWATER
−5%
VS. 2025
REDUCTION IN WATER CONSUMPTION
−5%
VS. 2025
REDUCTION IN ENERGY CONSUMPTION
−5%
VS. 2025
REDUCTION IN CO2 EMISSIONS
−5%
VS. 2024
SUSTAINABILITY INDICATOR AWARENESS TRAINING
100%
VS. 2025
REDUCTION IN OCCUPATIONAL INJURY SEVERITY AND FREQUENCY RATES
−5%
VS. 2025