Moncler Group | Annual Report 2024 Board of Directors’ Report 113 Moncler Group | Annual Report 2024 Board of Directors’ Report 112
TARGETS 2024 RESULTS
ACT ON CLIMATE & NATURE
Reduce CO2 emissions [SDG 7; 13]
2030
Reduction of 70% in absolute scope 1 and 2 CO2e emissions vs 2021
(in line with the Science-Based Targets “1.5°C” ambition)
2030
Reduction of 52% in scope 3 CO2e emissions per product unit sold vs 2021
(in line with the Science Based Targets “Well Below 2°C” ambition)
2050
Net Zero
→ -6% vs 2023 absolute scope 1 and 2 CO2e emissions (-53% vs 2021)
→ -5% vs 2023 absolute scope 3 CO2e emissions (+5% vs 2021)
Ongoing
100% carbon neutral at all directly managed corporate sites worldwide
(off ices, stores, production sites and logistics hub)
Ongoing
100% renewable energy at all directly managed corporate sites worldwide
(off ices, stores, production sites and logistics hub)
2024
90% of low environmental impact vehicles in the Group’s corporate car
f leet worldwide
Ongoing
LEED certif ication for all new corporate buildings
Ongoing
LEED certif ication for all new stores*
*Excluding shops-in-shops
✓ Carbon neutrality maintained at directly managed corporate sites
worldwide (off ices, stores, production sites and logistics hub)
✓ 100% of electricity used at directly managed corporate sites
worldwide from renewable sources (off ices, stores, production sites
and logistics hub)
✓ 98% hybrid and electric vehicles in the Group’s corporate car
f leet worldwide
→ Launched the LEED for Building Design and Construction
certif ication process for the new Moncler Headquarters in Milan,
which will be completed during 2025
✓ Continued the LEED certif ication process at the Group’s new
stores worldwide
✓ Compensated unavoidable residual emissions through projects
certif ied on the voluntary market and focusing respectively on circular
economy and renewable energy
Ongoing
Promotion of measures for energy eff iciency
and renewable energy throughout the supply chain
✓
Continued the supply chain engagement programme that includes,
in addition to energy assessment activities aimed at identifying concrete
actions for the reduction of energy consumption and the promotion
of energy from renewable sources, activities to support suppliers
in def ining CO2 emissions reduction targets according to internationally
recognised standards
Safeguard biodiversity [SDG 6; 12; 14; 15]
2024
Update of the analysis of the impact of strategic raw materials on biodiversity ✓ Updated the analysis of the impact of strategic raw materials
on biodiversity according to the developments of the Science Based
Targets for Nature
2025
Support for initiatives of Zero Deforestation and sustainable forest
management
→ All paper cardboard and wood materials used by the Group are made
exclusively from recycled andor reused raw materials andor raw
materials certif ied by the Forest Stewardship Council FSC andor
the Programme for the Endorsement of Forest Certif ication PEFC
→ Continued round tables on the EU Deforestation Regulation
2024
Launch of regenerative agriculture projects in the cotton and wool supply
chains to reduce andor avoid the impacts on biodiversity
✓ Wool supply chain extended the regenerative agriculture project
in Australia with PUR Projet through the expansion of the number
of farms involved
✓ Cotton supply chain continued support for the Unlock project
with its extension to farms in India and the United States
and continued collaboration with the Ecosystem Services
Market Consortium expanding the projects in Tennessee
LEGEND
✓ Target achieved
→ Target on time
⚪ Target delayed
For each strategic priority, the Group has def ined a series
of commitments based on a careful analysis of the areas where
it can amplify positive impacts and reduce negative impacts.
This analysis takes into account both industry-specif ic challenges
and the expectations of stakeholders, including the f inancial
community, consumers, suppliers and employees. By integrating
r
isk management with the exploitation of opportunities,
the Plan aims to spread sustainable practices throughout the
entire value chain.
The Plan includes greenhouse gas emissions science-based
targets, a commitment to achieve Net Zero emissions by 2050,
as well as recycling of nylon production scraps at its sites
and in the production chain and the use of over 50% of yarns
and fabrics from lower-impact materials, i.e. those that are
recycled, organic, regenerative or certif ied to specif ic standards,
by 2025. The Sustainability Plan also enhances the traceability
of raw materials and the continuous improvement of social
and environmental standards throughout the supply chain through
close collaboration with its business partners. Internal
and
external awareness initiatives are also planned to foster and
enhance diversity and promote an increasingly inclusive culture,
in addition to obtaining Equal Pay certif ication. The Moncler
Group
is also committed to supporting local communities with high
social value projects, and to protect the most vulnerable children
and families from the cold.
In identifying the Plan’s strategic drivers and relative
commitments, the priorities set in the 2030 Agenda for Sustainable
Development (Sustainable Development Goals — SDGs)
were also taken into account, thereby contributing to achieving
them. Of the 17 macro goals described in the SDGs (such
as combating inequality and f ighting climate change), the Group
contributes to 11 of them, either directly or through organisations
with which it collaborates.