Moncler Group | Annual Report 2024 Board of Directors’ Report 126 Moncler Group | Annual Report 2024 Board of Directors’ Report 127
The chapters of this Document describe the actions implemented
by the Group to mitigate the negative impacts and relevant
theoretical risks or pursue the opportunities and positive impacts
identif ied, highlighting their actual and potential ef fects.
For each topic area, the material impacts are also described,
explaining how they af fect people and the environment, whether
they derive from the strategy and business model and whether
they are generated through the Group’s own activities or from
business relationships.
In addition, the chapters detail the Group’s resilience approach,
strategy and business model in terms of risks, highlighting
the measures taken to prevent, mitigate and respond to the
potential ef fects of these risks.
In relation to the risks and opportunities identif ied as relevant,
t
he Moncler Group did not f ind, during the reporting period,
any actual f inancial ef fects on its f inancial position, operating
result or cash f lows. Furthermore, at the date of publication
of this Document, no elements have emerged that might suggest
the existence of a signif icant risk of impairments or adjustments,
in the next f inancial year, of the book values of the
assets and liabilities reported in the Group’s Consolidated
Financial Statements
Relevant IROs not related to the strategic priorities of the Sustainability Plan
S4 – Consumers and end-users
PRIVACY Risk of receiving sanctions
for non-compliance with data protection
regulations and related reputational risk.
Privacy
✓
Short term
IROs for entity-specif ic topics
GIVE BACK Support for communities
Positive impact on communities
through the promotion and sponsorship
of initiatives that support non-prof it
organisations through cash
contributions, donations of clothing
and organisational support for national
and international programmes.
n.a.
✓
Short term
Strategic priorities of
the Sustainability Plan
Relevant IROs for ESRS topics
Sub-topic/
Sub-sub-topic
Upstream
value chain
Own
operations
Downstream
value chain
Time horizon
BE FAIR S2 – Workers in the value chain
Potential negative impact on value chain
workers caused by the potential violation
of human rights along the supply chain
in certain countries.
⚫
Child labour
⚫
Forced labour
✓
Short term
Potential negative impacts on workers
in the value chain due to the high seasonal
variability in production planning that is
typical in the fashion sector, which can
compromise employment stability,
for example leading to an increase in the
use of temporary workers or layoffs.
Secure employment
✓
Short term
Theoretical reputational risk arising
from the failure by suppliers to comply
with working standards and adequate
working conditions (e.g. adequate
working time, work-life balance, secure
employment), as well as the absence
of social dialogue.
⚫
Collective bargaining
⚫
Social dialogue
⚫
Freedom
of association
⚫
Secure employment
⚫
Work-life balance
⚫
Working time
✓
Short term
Theoretical reputational risk deriving
from the provision, by suppliers,
of inadequate wages.
Adequate wages
✓
Short term
Theoretical reputational risk due
to the lack of health and safety
management systems or the occurrence
of high-consequences incidents and/or
diseases along the value chain.
Health and safety
✓
Short term
Theoretical reputational risk caused by the
potential violation of human rights along
the value chain.
⚫
Child labour
⚫
Forced labour
✓
Short term
G1 – Business conduct
Potential negative impact on animal
welfare due to the usage of raw materials
of animal origin in the collections.
Animal welfare
✓
Short term
Potential negative impact
on the stability of suppliers’ cash f lows,
caused by improper management
of payment practices.
Management
of relationships with
suppliers, including
payment practices
✓
Short term
Theoretical reputational risk deriving
from non-compliance with the principles
of animal welfare and the Group’s
standards in this regard along the supply
chain of raw materials of animal origin.
Animal welfare
✓
Short term
Opportunity to strengthen relationships
with suppliers through proactive
engagement in response to sustainability
challenges such as decarbonisation
and strengthening skills on social and
environmental topics
By promoting collaboration and dialogue
the Moncler Group is able not only
to respond to growing environmental
and social expectations but also
to improve operational resilience and
overall supply chain performance
Management
of relationships with
suppliers including
payment practices
✓
Medium term