Moncler Group | Annual Report 2024 Board of Directors’ Report 158 Moncler Group | Annual Report 2024 Board of Directors’ Report 159

[E1–2] Policies related to climate change mitigation

and adaptation

The Moncler Group’s Environmental Policy, in line with the values

and principles described in the Code of Ethics and the Supplier

Code of Conduct, conf irms its commitment to improving its

environmental performance by preventing or minimising actual

and potential negative impacts on natural resources and

p

eople throughout the value chain through a risk-based approach

and the def inition of targets.

In particular, the Policy def ines the Group’s ambitions

regarding the reduction of greenhouse gas (GHG) emissions,

both in terms of mitigation and adaptation to climate change,

the protection of biodiversity, water and waste management,

products made with “preferred” materials and the promotion

of a culture of sustainability.

The Policy is inspired by the 2015 Paris Climate Agreement,

the United Nations Environment Programme (UNEP), the

European Green Deal and the principles of the Global Compact

and aims to contribute directly, or through organisations

with which the Group collaborates, to the objectives described

by the UN Sustainable Development Goals (SDGs).

The Moncler Group applies the Environmental Policy to all

its own operations and encourages the adoption across its

entire supply chain. In particular, the Moncler Group requires

its suppliers and business partners to comply with all applicable

environmental regulations in the countries in which they operate

as well as the environmental safeguarding principles included

in the Group’s Supplier Code of Conduct.

In the process of selecting potential partners to work with,

the Group’s due diligence process involves an assessment

of how environmental matters are managed. To ensure full

compliance with the Policy, the Moncler Group undertakes

to invest technical, economic and professional resources.

With specif ic reference to climate change, the Environmental

Policy reaf f irms the Group’s commitment to mitigating its impact,

by reducing direct and indirect GHG emissions in line with the

objective of the Paris Climate Agreement, to transparently

quantifying, monitoring and communicating its direct and indirect

GHG emissions and to adapting its business model and activities

t

o the ef fects of climate change This includes identifying assessing

and managing the risks and opportunities related to climate

change both at its sites and along the supply chain

With regard to direct GHG emissions the Environmental Policy

includes the Groups commitments regarding

100 electricity from renewable sources for owned and

directly managed sites worldwide

alignment with the best environmental standards envisaged

for its corporate sites and stores minimising energy

consumption and promoting the wellbeing of its employees

and clients

•

regular monitoring of business travel and increasing the

number of vehicles with lower environmental impact

in the Group’s car f leet;

•maintaining carbon neutrality at its sites and corporate sites

by implementing various initiatives to reduce GHG emissions

and compensating residual direct emissions through projects

certif ied according to the highest standards.

With regard to indirect GHG emissions, the Policy includes the

following commitments:

•promoting the involvement of its suppliers by encouraging

the use of renewable energy and the reduction

of GHG emissions in line with a science-based approach;

•reducing the environmental impact of the supply chain

by promoting the use of “preferred” materials in collections;

•reducing the environmental impacts related to transport

by identifying and promoting the use of more ef f icient and

low impact solutions without af fecting operational ef f iciency

and compliance with delivery times;

•encouraging its employees to adopt alternative lower impact

transportation and providing the shuttle service at production

sites to reduce the impact of urban mobility.

Adopted at Group level, the Environmental Policy was approved

by the Board of Directors in 2017 after receiving the opinion

of the Control, Risks and Sustainability Committee, and was updated

in 2024. The process of def ining and updating the Policy involves

the relevant corporate functions, to ensure that it is always aligned

with international best practices and updated according to changes

in context or progress towards environmental objectives.

The document is available in Italian and English, both on the

corporate intranet and on the Group’s website (monclergroup.com).

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