67 RESPONSIBLE BUSINESS MANAGEMENT66 RESPONSIBLE BUSINESS MANAGEMENT MONCLER GROUP 2022
This update led to the definition of a list of 18 material topics for the Moncler Group, broken down into the five strategic priorities of the 2020-2025 Sustainability Plan and listed in alphabetical order.
ACT ON CLIMATE & NATURE
Water Biodiversity Climate change Waste & garments end of life
THINK CIRCULAR & BOLD
Innovation, circular economy and lower impact materials Packaging Product quality and safety
BE FAIR
Animal welfare Responsible sourcing Traceability
NURTURE UNIQUENESS
Diversity, equity and inclusion Employee experience Employee performance and development Health, safety and wellbeing
GIVE BACK
Client experience and community engagement Give back for social development Partnership for sustainable development
With respect to the list of issues reported in the 2021 Consolidat- ed Non-Financial Statement a new topic relating to waste and gar- ments end of life has been included. This new topic has long been the subject of discussion in the fashion industry and in recent years it has led the entire system to take action for a change both in pro- duction systems, with an increasing focus on products environ- mental impact, intrinsic value and reuse at the end of life, and in clients choices. The Moncler Group has launched several initiatives and activities, including: projects to recycle production scraps at own production sites and at those of suppliers; membership in Re.Crea, a consortium aimed at responsibly managing end-of-life of textile products tackling the European directives on Extended Producer Responsibility (EPR) and the national legislation imple- menting this issue, and at promoting the research and development of innovative recycling solutions; and the widespread use of low- er-impact materials.
For the correlation between material topics and GRI indica- tors please see the table in the Appendix.
The Moncler Group considers it very important to maintain a con- stant and solid relationship with all its stakeholders. A relationship based on continuous dialogue and active involvement is the ex- pression of the Group s responsibility towards the social context with which it interacts.
Stakeholders represent a wide range of different interests: establishing and maintaining stable, long-lasting relationships is crucial for the creation of shared, long-term value.
Understanding specific needs and priorities allows Mon- cler and Stone Island to manage in advance potential challenges and refine their actions in response to stakeholder interests. Pre- cisely identifying their stakeholders and organising the most effec- tive channels, constantly monitoring their expectations, needs and opinions, are the starting point for setting up an effective engage- ment process.
Through dedicated functions, the Group pursues a proac- tive approach to the many stakeholders with which it constantly interacts around the world, promoting constant dialogue and em- bracing their needs. Both Brands are aware that these occasions for dialogue are mutual opportunities for growth and enrichment. In recent years the Group has been committed to redesigning new approaches to dialogue with the aim of interacting with its commu- nity in an increasingly digital native way.
The following table, which maps the stakeholders, along with their expectations, is updated periodically through internal surveys with the company departments responsible for daily management of relations with each specific category.
DIALOGUE WITH STAKEHOLDERS
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