CODE OF ETHICS

The Code of Ethics applies to all corporate governance and control bodies, all employees of the Pagnan Group, and any third party collaborating with or working on behalf of, in the name of, or in the interest of the Group.

The Code of Ethics stems from the need to foster a spirit of collaboration among individuals, while respecting each person’s role. Its purpose is to serve as a fundamental guide for making decisions and taking actions aligned with a culture of responsibility, legality, transparency, and long-term value creation, thereby contributing to the sustainable development of the Group.

Understanding, adopting, and promoting the Code of Ethics not only reinforces our values by translating them into behavioral rules to be followed with the utmost diligence, but also significantly contributes to the concrete implementation of our mission: to share value—both social and economic—with the communities in which we operate.