SUSTAINABILITY GOVERNANCE

In order to further integrate sustainability into its business, the Moncler Group has implemented a governance that involves the interaction of various bodies dedicated to supervising and managing social and environmental topics. The Sustainability Unit is responsible for proposing the Group’s sustainability strategy, identifying, promptly reporting to senior management and handling together with the relevant functions the risks, opportunities and impacts linked to sustainability topics, including those relating to climate change, biodiversity and human rights, as well as for identifying areas and projects for improvement, thereby contributing to the creation of long-term value. It also prepares the Consolidated Sustainability Statement and spreads a culture of sustainability within the Group. Lastly, the Unit promotes dialogue with stakeholders and, together with the Corporate Affairs and Investor Relations function, promotes dialogue with institutional investors and stakeholders in general and handles information requests from sustainability rating agencies and socially responsible investors (SRIs). “Ambassadors” have been identified within each corporate department; they are tasked with raising awareness of social and environmental issues among the departments in which they operate and promoting sustainability initiatives consistent with the Group’s objectives. In addition, Sustainability Data Owners are responsible, each for their respective area, for data and information published in the Consolidated

Non-Financial Statement and for achieving the objectives set out in the Sustainability Plan.
 
As further confirmation that sustainability is a shared approach promoted by senior management, a Control, Risk and Sustainability Committee is established at Board level. The Committee is composed of three non-Executive Directors, the majority of whom are independent. The Committee was entrusted by the Board of Directors with supervising sustainability topics, including the related risks and impacts, connected to the conduct of business activity and the dynamics of its interaction with stakeholders, formulating strategic sustainability guidelines and the relevant action plan (Sustainability Plan), including topics such as climate change, biodiversity and human rights, and examining the Sustainability Statement.

The main sustainability topics analysed are periodically submitted to the Board of Directors, after consultation with the Control, Risks and Sustainability Committee, in order to:

• assesses the adequacy of the organisational, administrative and accounting structure of the Company and its strategically important subsidiaries, with particular reference to the ICRMS (Internal Control and Risk Management System), ensuring that risks, including sustainability risks (e.g. related to climate change, biodiversity

and human rights), are correctly identified, measured, managed and monitored;
• review and approve the strategic sustainability guidelines and the related action plan (Sustainability Plan), which includes short and medium/long-term objectives related to the material impacts, risks and opportunities for the Group, including climate change, the energy transition and the protection of human rights; the Board of Directors is also informed at least every six months about the progress of the projects that contribute to the achievement of the objectives of the Sustainability Plan;
• review and approve the Sustainability Statement and the double materiality analysis;
• review and approve social and environmental policies;
• review and approve the Remuneration Policy, which provides for the integration of sustainability objectives into the remuneration system (both short- and medium-/long-term) and the consequent alignment of top management remuneration with the company’s sustainability strategy, which includes targets related to the reduction of greenhouse gas emissions;
• in general, overseeing sustainability topics (including those related to climate change, biodiversity and human rights) related to the Group’s activity and its interactions with stakeholders.