awareness of what is going on within the Company and contact opportunities with the Group s top management. During meet- ings, employees can ask live questions about any topics that they consider relevant.

The initiative Thank Boss it s Friday! also continued. It in- volves informal, dedicated meetings between small groups of employees and top management representatives and is set to be expanded to Stone Island in 2022.

SUSTAINABILITY

For Moncler Group, the true value of the Company lies also in the way the Group does business, in its contribu- tion to society as a whole and in the determination to honour its commitments.

The growing integration of social and environmental impact as- sessments into business decisions is what underpins the Group s ability to create long-term value for all stakeholders.

The Group firmly believes that the quality of its products goes beyond their technical characteristics. A quality product is one that is made responsibly and with respect for human rights, workers rights, the environment and animal welfare.

In 2021, the 2020-2025 Strategic Sustainability Plan was extended also to Stone Island and integrated with new objectives confirming the commitment to sustainable development and how environmental and social responsibility is increasingly an integral part of the Group s business model. The strategy focuses on five strategic drivers: climate action, circular economy, fair sourcing, enhancing diversity, and giving back to local communities.

The Moncler Group Sustainability Plan includes environ- mental impact reduction goals including the recycling of fabric scraps, the use of sustainable nylon, the elimination of single-use plastics, the traceability of raw materials and the continuous im- provement of social and environmental standards throughout the supply chain through close collaboration with its business partners. The Plan also encompasses dedicated internal and ex- ternal awareness-raising initiatives aimed at fostering and en- hancing diversity while promoting an ever more inclusive culture. The Group is further committed to supporting local communities through impactful social projects and to protecting 150,000 of the most vulnerable children and families from the cold.

In 2021, objectives related to biodiversity, the Group s wa- ter footprint, merino wool, cotton and the issues of diversity and inclusion were added, among others.

In addition, Moncler joined the Fashion Pact, a coalition of leading global fashion and textile companies, which together with suppliers and distributors, is committed to achieving shared goals focused on three main areas: contain global warming, pro- tecting biodiversity and the oceans.

In order to increasingly integrate sustainability into its busi- ness, the Moncler Group has implemented a governance that involves the interaction of different bodies dedicated to supervis- ing and managing social and environmental issues. The Sustain- ability Unit has the responsibility of proposing the sustainability strategy of the Group, identifying, promptly reporting to top man- agement and managing, together with the relevant functions, the risks related to sustainability, including those relating to climate change and biodiversity, as well as finding areas and actions for improvement, thus contributing to the creation of long-term value. It also prepares the Consolidated Non-Financial Statement, and fosters a culture of sustainability at the Company. Lastly, the Unit promotes a dialogue with stakeholders and, together with the In- vestor Relations division, handles the requests of sustainability rating agencies and Socially Responsible Investors (SRI).

Ambassadors have been selected from each Company s department to raise awareness of social and environmental issues in the departments where they operate and to promote sustain- ability initiatives that are in keeping with the Group s objectives. Moreover, starting from 2017, Sustainability data owners have also been picked, each responsible in their area, for data and in- formation published in the Consolidated Non-Financial State- ment and for achieving the objectives in the Sustainability Plan, for areas in their responsibility.

As further evidence of the degree to which the Company s senior management supports and promotes sustainability, the

Control, Risks, and Sustainability Committee was established as a committee of the Board of Directors. The Committee is com- posed of three non-executive and independent Directors and was entrusted by the Board of Director to supervise sustainability is- sues associated with the business activities of the Group and its interactions with stakeholders, to define strategic sustainability guidelines and the relevant action plan (Sustainability Plan) in- cluding issues on climate change, biodiversity and human rights, and to review the Consolidated Non-Financial Statement.

ESG RATINGS AND INDEPENDENT EVALUATIONS

In 2021, Moncler has been confirmed for the third year in a row in the Dow Jones Sus- tainability Indices World and Europe, obtaining the highest score (89/100) of the Textiles, Apparel & Luxury Goods industry according to the S&P Global7 Corporate Sustainability Assessment 2021. Furthermore, Moncler also received the Gold Award from S&P Global.

During the year, for the first time, Moncler participated in the CDP Climate Change questionnaire. CDP is a non-profit organisation that runs the world s leading environ- mental disclosure platform assessing companies on their disclosure completeness, their awareness and management of environmental risks and their best practices asso- ciated with environmental leadership, such as setting ambitious and meaningful tar- gets. The Company has achieved an A-8 score for its environmental transparency and actions to mitigate climate risks. In addition, Moncler has also been recognised as Supplier Engagement Leader.

Again in 2021, Moncler was rated A by MSCI ESG Research9 that provides sustain- ability ratings of global public and a few private companies, assessing them on the basis of exposure to industry-specific ESG risks and the ability to manage these risks relative to companies in the same sector.

In January 2022, Moncler also obtained the Industry Top-Rated Badge as well as the Regional Top Rated Badge from Sustainalytics, a leading research and ESG and Corporate Governance rating company that supports investors in the development and implementation of responsible investment strategies.

7 S&P Global is one of the world s leading rating, benchmark and analysis company based on economic, social and environmental responsibility cri- teria.

8 CDP rates companies on a scale from A to E. 9 MSCI ESG Research provides in-depth research, ratings and analysis of the

environmental, social and governance-related business practices provid- ing critical insights that can help institutional investors identify risks and opportunities that traditional investment research may overlook. The rating scale ranges from AAA (leader) to CCC (laggard).

BOARD OF DIRECTORS REPORT46 47 MONCLER GROUP

2021BOARD OF DIRECTORS REPORT