Intercos — Environmental & Social Information 2022

Jun 16, 2022

PRESS RELEASE:

INTERCOS ANNOUNCES THAT ONE OF ITS SUBSIDIARIES HAS ACHIEVED CARBON NEUTRALITY

Agrate Brianza, June 16, 2022 – Intercos S.p.A, listed on Euronext Milan (Icos.mi), advances in reducing its environmental impact and announces the achievement of a new milestone. CRB Cosmetics, one of the world's leading players in the manufacturing of skincare products and subsidiary of the Intercos Group, has achieved Carbon Neutrality at its plant in Switzerland, thus contributing to the Group's goal of reducing greenhouse gas emissions by 2025. This milestone was reached thanks to the supply of energy from renewable sources, an initiative that has already led to a 90% reduction in greenhouse gas emissions compared to 2018. The remaining Scope 1 and Scope 2 emissions – stemming from direct and indirect energy consumption, respectively - will be offset through certified decarbonization projects, that will play an active role in the transition to a low-carbon economy.

This project is part of a broader program that sees Intercos committed to reduce its carbon footprint, increase the waste recovery, and use sustainable ingredients for its products.

Based in Switzerland with an expertise of more than four decades, CRB has been pursuing, like the entire Intercos Group, a clear sustainable strategy, promoting and carrying out innovative operations with a low environmental impact.

"We are proud to announce this new and major achievement. For the first time we can say that one of the subsidiaries of the Intercos Group has become Carbon Neutral. Our strategy based on the respect for the environment and the principle of sustainable beauty is already well known, and this accomplishment brings further prestige to what we do every day. In recent months, thanks to our commitment to sustainability we were awarded the Platinum medal from Ecovadis, which placed Intercos in the top 1% of the most virtuous cosmetics companies worldwide. Yet, our path towards sustainability does not end here; the focus on ESG lies at the core of our business strategy and the implementation of the sustainability plan will enable us to achieve other important milestones", stated Renato Semerari, CEO of Intercos.

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This press release is available on the Group's website in the Investors/Press Release section.

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Intercos Group

Intercos is one of the main global business to business operators in the creation, production and marketing of cosmetic products (make-up) and for skin treatment (skincare) as well as for hair and body treatment (hair & body). Intercos products target key national and international brands and emerging brands, as well as retailers active in the cosmetics market in particular and the beauty market more generally. Founded in 1972 by Dario Ferrari, Intercos - which counts among its major customers the main players of the cosmetic industry - can count on a staff of about 5,200 employees, 11 research centres, 16 production plants and 16 sales offices located in three continents. For almost 50 years, Intercos has been interpreting beauty, creating cosmetic products and positioning itself as a trend setter capable of predicting, anticipating and influencing new trends in the world of cosmetics, thus satisfying the requests of all type of customers with products for all price bands.

Media Relation

Image Building Via Privata Maria Teresa, 11 20123 – Milano Tel. +39 02 89011300 intercos@imagebuilding.it

Investor Relations: Andrea Tessarolo tel. +390396551 investor.relations@intercos.com