Moncler Group | Annual Report 2024 Board of Directors’ Report 158 | ’
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5
According to the United Nations
Intergovernmental Panel on Climate
Change IPCC net zero emissions
are achieved when the complex balance
between greenhouse gas GHG
emissions produced and those absorbed
by the ecosystems is achieved through
offsetting mechanisms In particular to
contribute to the achievement of net zero
emissions companies have to reduce
emissions and offset residual emissions
According to the Science Based Targets
initiative the achievement of Net Zero
involves scope 1 2 and 3 GHG emissions
6
The Moncler Group given the nature of its
business is not excluded from the
EU Parisaligned Benchmark EU PAB a
f inancial instrument introduced
by the European Union to help investors
s
upport the transition to a lowcarbon
economy in line with the goals of the
Paris Climate Agreement
The Group is also committed to achieving net zero emissions5
throughout the entire value chain by 2050, in line with the ef forts
required under the Paris Agreement6 to limit the increase
in global average temperature to 1.5°C. In this regard, the Group’s
ambition will be structured into two complementary phases
to be completed by 2050, in line with the Science Based
Targets initiative:
•reduce scope 1, 2 and 3 GHG emissions by 90%;
•neutralise all residual emissions with carbon removals.
With this in mind, the Moncler Group is exploring which carbon
removal projects and carbon storage activities could support
its path toward achieving net zero.
Moncler is committed to reporting and communicating its
impact on climate change and the results of mitigation activities
in a transparent way through the Sustainability Statement and
the CDP Climate Change questionnaire.
E m i s s i o n s (t C O 2 e)
Time (y)
NET ZERO
Source: Science Based Targets
initiative (SBTi)
Gross Emissions
Neutralization
NEAR TERM
SBT
NEAR TERM LONG TERM
2050 2030
Target Year
NET-
EMISSIONS