THE NEW MONCLER INVESTOR RELATIONS APP IS NOW AVAILABLE

In line with responsible business management and the goals of the Strategic Sustainability Plan Moncler Born to Protect, the Company is also committed to reduce the materials used in its packaging.

Paper and cardboard used for office purposes and packaging are the subject of improvement projects focusing on origin certification, percentage of recycled content, and, where possible, usage limitations and waste sorting for recycling.

On a global level, Moncler continued to promote the use of paper from responsible sources, i.e., those that ensure sustainable forestry practices. As a result of this joint commitment, since 2017 nearly 100% of the paper used in offices and stores has come from responsible sourcing and all logoed material used worldwide is made of Elemental Chlorine Free (ECF) paper from responsible sources, 100% of which are ISO 14001-certified. Single-use conventional plastic of fossil origin has been eliminated from all offices. As regards packaging, boxes used for shipping are made almost entirely of paper and cardboard from responsible sources, while all shopping bags are made of paper that is 100% from responsible sources and 40% made from recycled material, while

reinforcement cardboard is 100% from responsible sources and 70% made from recycled material. All thermal paper used at offices and stores worldwide is BPA-free, in accordance with the new legislation that came into force in 2020 and that bans the use of bisphenol.

The impact of plastic on the environment has become a very important issue for our planet and Moncler feels the need to contribute through concrete actions, even though plastic makes up just 16% of its packaging. The Company has set a target of gradually reducing its use of single-use conventional plastic and phasing it out completely by 2023.
On one hand, the Company is reducing the use of plastic in packaging when it is not necessary or limiting its weight (for example by reducing its thickness), on the other, it is researching alternative and innovative materials such as bioplastics (derived from plant and non-fossil sources), compostable, biodegradable and recycled plastics. For this reason, annually R&D resources are allocated to identify sustainable packaging and low-impact solutions. Furthermore, aware of the importance of taking action to reduce environmental impact from the

eco-design phase, Moncler undertakes to create mono-material or easily disassembled packaging to facilitate recycling when possible and to design solutions that can be reused. All shopping bags and e-commerce packaging are made with sustainable and recyclable materials. In 2020, in collaboration with the Politecnico of Milan, Moncler conducted a research project to identify, through a Life Cycle Assessment analysis, the best alternative to single-use conventional plastic in terms of environmental impact and technical performance. Based on the outcome of the study, which indicated recycled plastic as the best alternative, the Company began the replacement process that led to reach 60% of the total plastic recycled by the end of the year. Moncler has also reduced by 21% the amount of plastic used in packaging, compared to 2019.

In 2020 the Group set up a manual with guidelines for choosing materials of lower environmental impact to be used in packaging. Hangers, which have been made of recycled plastic for years, have been redesigned with a hook that is easily unscrewed to ensure an appropriate recycling process.

NOTES

1 Including but not limited to business cards, envelopes, ‘with compliments’ cards, repair receipt books, notebooks, catalogues, folders, stationery, and client data sheets.

2 Including but not limited to thermal paper rolls, receipts, and plotter paper.

3 Thermal paper rolls are included in this category: some components of this type of paper react to heat, making it non-recyclable.

4 Packaging boxes include e-commerce as well as other boxes, such as those for gifts, shoes, eyewear, etc.

5 Some packaging boxes are equipped with magnets, which is non-recyclable.