35 MONCLER GROUP34 MONCLER GROUP MONCLER GROUP 2022
FINANCIAL INSTRUMENTS LINKED TO SUSTAINABILITY PERFORMANCE
Also in the realm of financial products, Moncler is testing and adopting new mechanisms tied to sustainability performance. In July 2020 Moncler signed an agreement for a sustainability-linked revolving credit facility with a reward mechanism tied to the achievement of specific environmental impact reduction targets. In addition, in November 2020 Moncler signed an exchange risk hedg- ing agreement with a reward in terms of improvement of the hedging strike on currencies based on the recognition of high standards of sustainability by an ex- ternal, independent rating body.
The economic value generated and distributed represents a com- pany s ability to create wealth and distribute it among its stakehold- ers. In 2022 the economic value generated by the Moncler Group amounted to 2,620 million euros, with an increase of approximately 27% compared to 2021. The figures include Stone Island s results for the entire 2022 and for the nine months of 2021. The econom- ic value distributed by the Group thus increased from 1,584.9 mil- lion euros in 2021 to 2,046.6 million euros in 2022, with an increase of 29%. Around 78% of the value created by the Moncler Group was distributed to internal and external stakeholders while the remain- ing 22% was retained within the Group.
ECONOMIC VALUE DISTRIBUTED
ECONOMIC VALUE GENERATED AND DISTRIBUTED
THOUSAND EUROS Moncler Group 2022 2021 Economic value generated by the Group 2,620,602 2,060,123 Revenues 2,602,890 2,046,103 Other income 18,589 13,421 Financial income 3,455 2,960 Value adjustments to financial assets - - Impairment of receivables -1,323 -1,510 Exchange rate gains (losses) -4,480 -1,332 Gains (losses) from disposal of tangible and intangible assets 1,389 380 Value adjustments to tangible and intangible assets 82 101 Economic value distributed by the Group 2,046,666 1,584,855 Economic value distributed to suppliers6 1,234,976 955,463 Economic value distributed to employees 336,417 272,391 Economic value distributed to lenders 26,273 23,336 Economic value distributed to shareholders7 301,083 161,288 Economic value distributed to public administration8 146,945 169,616 Economic value distributed to the community 971 2,761 Economic value retained by the Group 573,936 475,268 Depreciation and amortisation 264,917 246,519 Provisions 3,396 -3,516 Reserves 305,623 232,265
VALUE CREATION FOR STAKEHOLDERS
0.1% Community
1.3% Lenders
60.3% Suppliers6
7.2% Public administration8
14.7% Shareholders7
16.4% Employees
6 Refers to suppliers of goods and services. 7 The amount for 2022 is estimated on the basis of the proposed dividend.
The amount for 2021 was adjusted on the basis of the dividend actually paid. 8 The economic value distributed to public administration also includes deferred
taxes.