| ’Moncler Group | Annual Report 2024 Board of Directors’ Report 154
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[E1 GOV–3] Integration of sustainability-related
performance in incentive schemes
Moncler’s Remuneration Policy1 is def ined in line with the
governance model adopted by the Company and with
the recommendations of the Corporate Governance Code.
Among other aspects, it takes into account sustainability
targets, including climate-related ones, whose achievement
contributes to the assessment of the performance of the
members of the administrative, management and control bodies.
As detailed in the chapter ESRS 2, GOV–3 (see also
page 104), the short-term incentive system (Management By
Objectives — MBO) includes ESG (Environmental, Social
and Governance) targets linked to the 2020–2025 Strategic
Sustainability Plan concerning the relevant year. With regard
t
o the pillar of the Plan relating to climate change, the targets
include, among others, improving energy ef f iciency and reducing
CO2 emissions. The ESG indicator’s weight in variable
remuneration is 10%.
The medium/long-term incentive system (Long Term
Incentive — LTI) includes share-based incentive plans incorporating
an ESG indicator tied to specif ic sustainability goals, which,
in relation to the f ight against climate change, for the f irst cycle
of the “2022 Performance Shares Plan”, concern maintaining
in 2024 the carbon neutrality at the Group’s sites worldwide through
the use of 100% energy from renewable sources, 90% of low-
e
missions vehicles in the Company’s f leet and the compensation
of unavoidable residual emissions. The ESG indicator’s weight
in variable remuneration is 15% (see also page 104).
In addition, the medium/long-term incentive system includes
an overperformance criterion that ref lects the achievement
of a high sustainability performance rating by one of the leading
ESG rating agencies.
1
For more information regarding Monclers
remuneration system please refer
to the 2025 Remuneration Report
containing the new Policy that will be
submitted to the Shareholders Meeting
on 16 April 2025 and to the previous
versions available on the website
at wwwmonclergroupcom in the
GovernanceRemuneration section