THE NEW MONCLER INVESTOR RELATIONS APP IS NOW AVAILABLE
In order to increasingly integrate sustainability into its business, the Moncler Group has implemented a governance that involves the interaction of different bodies dedicated to supervising and managing social and environmental issues.
The Sustainability Unit is responsible for proposing the Group’s sustainability strategy, identifying, reporting promptly to senior management and handling together with relevant divisions the sustainability risks, including those relating to climate change and biodiversity, as well as for identifying areas and projects for improvement, thereby contributing to the creation of long-term value. It prepares the Consolidated Non-Financial Statement and spreads the culture of sustainability within the Company. Lastly, the Unit promotes dialogue with stakeholders and, together with the Investor Relations division,
handles the requests of sustainability rating agencies and of Socially Responsible Investors (SRIs).
Ambassadors have been identified within each corporate department; they are responsible for raising awareness of social and environmental issues among the departments in which they operate and for promoting sustainability initiatives in line with the Group’s objectives. In addition, since 2017, Sustainability data owners were designated, with responsibility for data and information, relating to their respective areas, published in the Consolidated Non-Financial Statement
and for achieving the relevant objectives set out in the Sustainability Plan.
As further evidence that sustainability is a shared approach promoted by senior management, a Control, Risk and Sustainability Committee was established at Board level. The Committee is composed of three non-executive and independent Directors. The Committee is tasked by the Board of Directors with supervising issues of sustainability related to the business operations and the interactions with stakeholders, defining strategic sustainability guidelines and the relevant action plan (Sustainability Plan), including issues such as climate change, biodiversity and human rights, and examining the Consolidated Non-Financial Statement.
In 2021 Moncler has been confirmed for the third year in a row in the Dow Jones Sustainability Indices World and Europe, obtaining the highest score (89/100) of the ‘Textiles, Apparel & Luxury Goods’ industry according to the S&P Global Corporate Sustainability Assessment 2021. This result demonstrates that sustainability is an increasingly strategic asset for the Group’s development. Moncler also received the Gold Award from S&P Global1.
During the year, Moncler participated for the first time in the CDP Climate Change questionnaire. CDP2 is a non-profit organisation that runs the world’s leading
environmental disclosure platform that assesses companies on the completeness of their climate disclosure, their awareness and management of environmental risks and best practices associated with environmental leadership, such as setting ambitious and meaningful targets as part of the management of climate change. The Company has achieved the leadership level with an A- score for its environmental transparency and actions to mitigate climate change risks. Moncler was also recognised as a Supplier Engagement Leader.
In 2021 Moncler also obtained an
A score from MSCI ESG Research3, which provides sustainability ratings for listed international companies and some private companies according to their exposure to industry-specific ESG risks and their ability to manage those risks if compared to industry peers.
In 2022 Moncler also obtained the Industry Top-Rated Badge and the Regional Top-Rated Badge from Sustainalytics, a leading ESG and corporate governance research and rating company that supports investors in developing and implementing responsible investment strategies.
1 S&P Global is among the world’s foremost providers of ratings, benchmarks and analytics according to economic, social and environmental responsibility criteria.
2 CDP evaluates businesses on a scale from A to E.
3 MSCI ESG Research provides in-depth research, ratings and analysis of the environmental, social and governance-related business practices providing 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).