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 | ’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

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