ESG Enforcement Tracker

Key facts:

AGCM has imposed a €3.5 million fine against the Giorgio Armani Group for allegedly making untruthful statements about its working conditions.

The statements in dispute related to Giorgio Armani’s commitment to ethical practices and workers’ rights. The AGCM asserted that Giorgio Armani officials were aware of unsafe working conditions at subcontractors for their leather bags and accessories. The fine was imposed as a sanction for the company issuing “misleading ethical and social responsibility statements in contrast with the actual working conditions found at suppliers and subcontractors”.

Giorgio Armani has expressed its disappointment at the ruling stating that it has “always operated with the utmost fairness and transparency towards consumers, the market, and stakeholders”. They also confirmed that they will be issuing an appeal.