187 ACT ON CLIMATE & NATURE186 ACT ON CLIMATE & NATURE MONCLER GROUP 2022
Reducing greenhouse gas (GHG) emissions by adopting renew- able energy and improving operational efficiency is a fundamental lever of the Moncler Group s strategy to fight climate change, de- fined in accordance with the objectives of the United Nations 2030 Agenda for Sustainable Development (Sustainable Development Goals SDGs).
In 2020 Moncler set its CO2 emission reduction targets in line with the Science Based Targets Initiative (SBTi)1.
Following the integration of Stone Island and internalisation of Moncler s e-commerce channel, in 2022 the Group redefined its CO2 reduction targets to ensure the inclusion of all sources of CO2 emissions and to reflect the actual size and impact of the business.
In particular, the Moncler Group has committed to reduce by 2030 absolute scope 1 and scope 2 CO2e emissions by 70% (in line with the 1.5° ambition) and scope 3 CO2e emissions by 52% (in line with the Well-Below 2° ambition) per unit sold from a 2021 base year. In addition, the Moncler Group has committed to achiev- ing net zero2 emissions throughout the value chain by 2050. These objectives were approved by the Science-Based Targets initiative and considered consistent with the contribution required by com- panies to limit the maximum increase in global temperatures com- pared to pre-industrial levels.
For the past two years, the Moncler Group has been commit- ted to transparently reporting and communicating its impact on cli- mate change and progress towards the targets in the CDP Climate Change Questionnaire.
THE MONCLER GROUP S APPROACH TO NET ZERO
According to the United Nations Intergovernmental Panel on Climate Change (IPCC), net zero emissions are achieved when anthropogenic CO2 emissions are balanced globally by anthropogenic CO2 removals over a specified period . According to the Science Based Targets initiative, the achievement of net zero involves scope 1, 2 and 3 GHG emissions.
Achieving the Net Zero emissions target by 2050 is in line with the efforts required by companies in the Paris Agreement to limit the increase in global av- erage temperature to 1.5°C.
This goal requires companies to commit to review processes and ways of doing business. Likewise, companies cannot achieve this result on their own, because this ambition requires a collective effort from all industries and gov- ernments.
Companies that commit to achieve Net Zero are required to both decar- bonise their footprint as much as possible and neutralise all residual emissions of the entire value chain.
The Group s ambition is therefore articulated over two complementary phases.
By 2050: 1 Reduce scope 1, 2 and 3 GHG emissions by 90% in line with the Paris
Agreement; 2 Neutralise all residual emissions with carbon removals.
FIGHT AGAINST CLIMATE CHANGE The Group is aware that the path towards sustainable develop- ment requires policies, tools and actions to protect the environ- ment. Responsibility towards future generations requires a strong commitment to the careful use of natural resources and minimisa- tion of impacts.
ENVIRONMENTAL POLICY As proof of its focus on the environment and its protection, in 2017 Moncler adopted an Environmental Policy. The Policy, updated and adopted at Group level in 2022, and approved by the Board of Di- rectors after receiving the opinion of the Control, Risks and Sus- tainability Committee, reaffirms constant compliance with all applicable laws and regulations and formalises the Group s com- mitment to continuously improve its environmental performances in order to reduce its direct and indirect impacts.
The Policy lays down the Group s ambitions in the following areas: fight against climate change safeguard biodiversity water and waste stewardship creation of products with lower environmental impact spread of a culture of sustainability.
The Moncler Group applies the Environmental Policy to all its own op- erations and encourages the adoption across its entire supply chain.
In this regard, the Moncler Group is committed to investing the technical, economic and professional resources necessary to comply fully with the guidelines of the Policy. The document is avail- able in both Italian and English and can be downloaded from the Group s intranet and Internet sites.
MANAGEMENT APPROACH A concrete result, that highlights the Group s commitment to envi- ronmental protection along with its drive towards continuous im- provement, is represented for Moncler, by the maintenance of the environmental certification according to the ISO 14001 standard at the production site in Romania, the Italian corporate sites and the logistics centre in Castel San Giovanni (Piacenza), and, for Stone Island, by the process that led in 2022 to the certification of the cor- porate offices in Ravarino (Modena) and Mirandola (Modena).
With regards to direct environmental impacts, i.e. those generated by its offices, stores, logistics hub and production sites, in line with pre- vious years the Group focuses its efforts on the following aspects:
monitoring and assessing environmental impacts to identify and implement improvement measures
purchasing electricity from renewable sources using more efficient technologies and lighting systems and
environmentally friendly IT tools using Building Management System (BMS) supervision
tools for integrated, more efficient management of energy consumption
using technologies to support interaction between employ- ees to reduce the business travel
using resources efficiently and sourcing from responsibly managed sources
ensuring engagement and awareness through guidelines and programmes to reduce the consumption of paper, plastic, toner, energy and promote waste sorting.
Due to the nature of its business model, in which production is mainly managed through suppliers, the Moncler Group s most sig- nificant environmental impacts are indirect (scope 3). Within the limits of their influence, with the aim to limit the indirect impacts of the manufacture and distribution of their products, Moncler and Stone Island encourage production and logistics partners to apply environmental best practices.
ENVIRONMENTAL POLICY AND MANAGEMENT SYSTEM
1 Endorsed by CDP, the United Nations Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF), the Science Based Targets initiative establishes and promotes best practices in setting science-based targets, in addition to evaluating companies objectives.
2 Net zero emissions are achieved when anthropogenic CO2 emissions are balanced globally by anthropogenic CO2 removals over a speci- fied period, through neutralisation mechanisms. In particular, to contrib- ute to the achievement of net zero emissions, companies have to reduce emissions and neutralise residual emissions.