43 bOaRD OF DIREcTORS REPORT42 MONCLER GROUP 2022bOaRD OF DIREcTORS REPORT

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WELLbEING OF OUR PEOPLE The Moncler Group continues to implement a number of pro- grammes to ensure the health, safety and well-being of its people. Health also means psychological and physical well-being. This is why it was decided to include a dedicated psychological counsel- ling service and yoga activites among the services available to all.

MONVOIcE MONVOIcE - Employee Opinion Survey is a questionnaire, intro- duced in 2017, used to measure the internal company climate. The goal of the questionnaire is to capture the company s positioning in relation to two aspects: engagement and enablement of employ- ees. by analysing the individual components of each of these two aspects, the Moncler Group identifies the strengths and areas on which to work to increase and improve its overall positioning.

In 2021 the survey was also extended to Stone Island and its subsidiaries to expand the internal climate analysis throughout the Group. Each year, analysis allows us to identify the strengths and areas to work on to grow and improve.

as in previous years, the main areas of excellence brought to light at the global Group level continued to include quality and cli- ent care , the flexibility and availability of managers and a sense of pride in being part of the Group .

VOLUNTEERING In 2022 the Moncler Group developed a volunteering programme focused on four areas in collaboration with cISOM, Fondazione Francesca Rava, Legambiente and Officine buone:

Vaccine campaign. Moncler and its volunteers continued to work with vaccine campaign organisers at the Palazzo delle Scintille hub in the first part of the year, while also continuing to support volunteers and health care professionals to en- sure that the vaccine cycle was as smooth as possible.

Support for patients from nursing homes and hospitals in It- aly through donations of talent. In collaboration with the as- sociation Officine buone, Moncler volunteers brought their music to the nursing home Mater Gratiae in Milan, offering patients an entertaining, calming experience. The Moncler community also donated its artistic talent in order to spread art in Italian hospitals. On 25 October 2022 the travelling ex- hibition Be Warm was inaugurated at the National cancer Institute in Milan, featuring paintings, photographs and draw-

33% <30 years

33% 31-40 years

13% >50 years

21% 41-50 years

6 Employee headcount as at 31/12/2022.

ings created, with warmth and passion, by Moncler employ- ees, to promote beauty and creativity in hospitals.

Support for the Ukrainian people. Through its volunteers, Moncler supported Fondazione Francesca Rava in collecting and storing basic goods to be sent to Ukraine in order to sup- port its population in the current emergency.

Protection and conservation of the environment. Moncler continues to support the park and beach cleaning projects promoted by Legambiente, organising corporate group ac- tivities (Park & Beach litter).

In 2022 company volunteering was extended to the entire Group population, corporate and Retail, with opportunities to volunteer for two working days a year. The project resulted in 1,624 hours of volunteering work globally, including 1,352 hours at the main head- quarter.

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

The growing integration of social and environmental im- pact assessments 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 Group s Sustainability Plan, which includes the Net Ze- ro target by 2050 and an intermediate commitment to reduce cO2 emissions by 2030, defines ambitious targets that require import- ant choices by the Moncler Group, ranging from the use of 100% renewable energies for direct use to a demanding commitment on the product and the supply chain where lies the greatest impacts. another target linked to the reduction of the environmental impact is to have more than 50% of yarns and fabrics with lower impact compared to conventional solutions. The Plan also envisages con- tinuing to work with the supply chain on the traceability of raw ma- terials and on the front of social standards, with the emerging topic of the living wage. awareness-raising initiatives are also envisaged to encourage and enhance diversity and promote an increasingly inclusive culture, for this reason commitments have been defined on training and awareness-raising courses on Diversity Equity and Inclusion and on obtaining the Equal Pay certification. The Group also undertakes to support local communities with projects of high social value in favor of the community and to protect children and families in vulnerable situations from the cold

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

In order to increasingly integrate sustainability into its busi- ness, the Moncler Group has implemented a governance that in- volves the interaction of different bodies dedicated to supervising and managing social and environmental issues.

The Sustainability Unit has the responsibility of proposing the sustainability strategy of the Group, identifying, promptly report- ing to top management and managing, together with the relevant functions, the risks related to sustainability, including those relat- ing 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 State- ment, and fosters a culture of sustainability at the company. Lastly, the unit promotes a dialogue with stakeholders and, together with the Investor Relations division, handles the requests of sustainabil- ity rating agencies and Socially Responsible Investors (SRI).

SUSTaINabILITY