In 2016, Moncler’s revenues surpassed the one billion euro mark. This result makes us very proud, but it also makes us feel an even greater sense of responsibility towards our people and the communities in which we operate. Achieving such an ambitious accomplishment makes us all the more aware of how our growth must also be sustainable.

As far as we’re concerned, our challenge is to grow while making a positive change for the benefit of all, in everything we do. We consider ourselves a responsible member of the community we live in and, as such, our part is to promote initiatives and solutions that bring wellbeing to society as a whole. For this reason, sustainability has to be the golden rule guiding the decisions we make each day.

Sustainability is an integral part of Moncler’s corporate governance, with senior management involved on the front-line. Strategic decisions are overseen by the Control, Risk, and Sustainability Committee, established as a committee of the Board of Directors itself, while the definition of sustainability guidelines and environmental and social targets lies with the Sustainability Steering Committee. The latter also includes members of the Strategic Committee, which is the highest executive body supporting the Board of Directors.

Despite the uncertainties and unpredictability of the international economic context, the organisational structure in place and the actions taken thus far have allowed the Group to fulfil every commitment made in the first Sustainability Plan, and set new, ambitious environmental and social targets for the years to come.

During the year, we made significant progress with regard to our people as well as our supply chain. We implemented an efficient occupational health and safety management system that is compliant with international standards, achieving OHSAS 18001 certification for all our offices and stores in Italy.
We involved 1,200 sales personnel worldwide in an ambitious training programme, calling for their active participation in the Retail Excellence project.

The Company also adopted an official Supplier Code of Conduct, which sets forth the principles of responsible sourcing that all Moncler suppliers are required to comply with.

Significant efforts continued to be invested in down traceability activities: 100% of the down purchased during the year was certified as per DIST Protocol (Down Integrity System & Traceability), devised by Moncler itself to ensure respect for animal welfare across the supply chain. A total of 119 audits were carried out by a qualified third party to verify the proper application of Protocol requirements, with outcomes in turn confirmed by yet another accredited certification body.

Moncler is committed to growing with the communities in which it operates, and feels the responsibility to help in times of need – as it did after the earthquake that struck central Italy, by providing support and assistance to the victims of the disaster.

Significant milestones were reached in 2016. However, I believe that none of this would have been possible without the invaluable contribution of Moncler’s 3,200 employees. My thanks go to them, for embracing a culture of sustainability and for translating it each day into tangible actions.

Much has been done, but even more is left to do; and challenges are part of our history and the stepping stone to the future we intend to build day after day.

 

THE CHAIRMAN AND CHIEF EXECUTIVE OFFICER

Remo Ruffini