Ermenegildo Zegna N.V.

Ermenegildo Zegna N.V. is a luxury fashion group whose core business is built on materials derived from animals. The company's product lines and brand identity are intrinsically linked to the use of animal fibers and hides, including wool, cashmere, and leather. Its operations involve the commercial sourcing and processing of these materials on an industrial scale to supply its global retail network.

The company has published an Animal Welfare Policy, first adopted in May 2023 and updated in March 2025, which outlines commitments for its supply chain. However, the policy's existence and the scale of the company's operations confirm its foundational reliance on animal exploitation. The commercial production of luxury apparel from animal-derived materials necessitates large-scale animal husbandry, shearing, and processing, activities which fall under this broad exclusion category.

While Zegna publishes sustainability reports detailing its environmental goals, including a net-zero greenhouse gas commitment, these do not negate the core business model of utilizing animal products. The company's continued reliance on animal fibers and leathers as primary revenue drivers places it under this exclusion.