Moncler - Annual Report 2024

Moncler Group | Annual Report 2024 Board of Directors’ Report 160 | ’

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[E1–3] Actions and resources in relation to climate

change policies

The following describes the actions taken by the Moncler Group

to implement an ef fective environmental management

system at its directly managed sites and to reduce scope 1, 2 and 3

greenhouse gas (GHG) emissions and therefore the Group’s

impacts, as well as to mitigate the theoretical risks identif ied related

to climate change. These actions represent a concrete

commitment that the Group will continue to take forward in the

future, consolidating and strengthening the implementation

of its climate strategy.

Initiatives for reducing energy consumption

and scope 1 and 2 emissions

For several years, the Group has been adopting certif ied

environmental

management systems at its directly managed sites

that require careful monitoring of specif ic indicators (KPIs)

and continuous improvement plans.

Also in 2024, the certif ication of the Environmental Management

System according to the ISO 14001 standard was maintained

at the production site in Romania, at the Italian corporate sites

and at the logistics hub in Castel San Giovanni (Piacenza).

In addition, the Moncler Group has implemented an Energy

Management System in line with the ISO 50001 standard

for of f ices, the logistics hub and some of the production sites

in Italy. The Group also plans to extend this certif ication to other

recently launched facilities, including the Hub in Ravarino

(Modena), the Stone Island showroom in Milan, the production

site in Romania and the new knitwear factory in Padernello

di Paese (Treviso). As part of this certif ication process, the

Moncler Group has adopted an Energy Policy that includes

the commitments described in the Environmental Policy, focusing

on energy consumption management and continuously

improving its energy performance.

In order to reduce energy consumption and GHG emissions,

the Moncler Group is implementing various activities

at its directly managed sites (stores, of f ices, production sites

and logistics hub):

Use of electricity from renewable sources

The use of electricity from renewable sources is a key measure

for the decarbonisation process of the Groups

direct operations

In line with its commitments, since 2023 the Moncler Group

has sourced electricity only from renewable sources

for its directly managed corporate sites worldwide.

The Group achieved this result through:

○

installation of photovoltaic panels: at the logistics hub

in Castel San Giovanni (Piacenza), the photovoltaic

system contributed to the generation of over 458 MWh

of energy in 2024. Stone Island has also a photovoltaic

system at its Ravarino (Modena) headquarters,

which in 2024 contributed to the generation of about

38 MWh of energy;

○

purchase of electricity from renewable sources: also

in 2024 the Group continued to switch conventional

energy

supply contracts into renewable electricity contracts.

In particular, during the year, the Group focused on the

retail channel in the EMEA and Americas Region,

managing to convert about 20 contracts by incorporating

certif ied energy from renewable sources. Where no

renewable energy supply is available from the energy

provider, the Group has continued to purchase Energy

Attribute Certif icates (EACs), including Guarantees of

rigin (GOs), New Zealand Energy Certif icates (NZECs),

Non-Fossil Value Certif icates (NFCs) and International

Renewable Energy Certif icates (I–RECs). The purchase

cost of Energy Attribute Certif icates is an integral

part of the Group’s annual f inancial planning, which takes

into account both potential expansions of the retail

channel, and therefore an increase in energy consumption,

and potential changes in the price of the certif icates.

These initiatives have allowed the Group to keep the scope 2

(

market-based) GHG emissions related to the consumption

of purchased electricity at zero at all sites worldwide.

•Energy ef f iciency initiatives

With regards to energy ef f iciency, in 2024 the Moncler Group

has also continued with the installation of lowconsumption

lighting systems and the optimisation of heating and of air

conditioning systems

At the Moncler corporate sites in line with the previous

years ref

urbishment and installation of more ef f icient lighting

systems continued through the replacement of traditional

lighting systems with LightEmitting Diode LED7 bulbs

and thermal insulation systems to ensure greater

energy ef f iciency

To date the entire production site in Romania and the

logistics hub in Castel San Giovanni Piacenza are equipped

with LED systems At the Milan headquarters almost

all lighting systems are more ef f icient than conventional

systems while at the corporate site in Trebaseleghe

The latestgeneration LEDs in addition to

offering excellent light quality ensure an

estimated energy savings of up to 80

compared with previously used lighting

systems while also generating less

residual heat In terms of environmental

impact LED lights have an average

lifespan that is signif icantly longer than

traditional lights and are almost entirely

made from recyclable material