Moncler - Annual Report 2024

Moncler Group | Annual Report 2024 Board of Directors’ Report 160 Moncler Group | Annual Report 2024 Board of Directors’ Report 161

(Padua), approximately 90% of lighting systems are lower

consumption ones. In addition, the renovation of the new Hub

in Ravarino (Modena) continued and is expected to be

completed in 2025, including the installation of both LED

and heat pump heating systems.

Regarding stores, to date, more than 99%8 of Moncler stores

worldwide (100% in the United States, South Korea, Japan

and Europe) are equipped with LED lighting systems.

The

same type of system has also been planned by Stone Island

worldwide, and will be installed in all new stores.

In line with previous years, also in 2024 the Group continued

to implement activities aimed at renewing store electrical

systems using new technologies that ensure energy-saving.

In this regard, since 2021 Moncler began equipping stores

with Building Management Systems (BMSs) for the integrated

anagement of all the technological functions of each

pace, from access control to lighting and air conditioning, with

the aim of implementing more ef f icient management

of energy consumption.

•L

EED and BREEAM environmental certif ications Since

2021 the Group has initiated an environmental and energy

certif ication process for its stores and all new corporate

buildings according to the LEED standard. By adopting this

certif ication, which requires the implementation of energy

ef f iciency measures, the Group is committed to implementing

best practices in energy management for each new project.

Since 2023, the Moncler Group has been committed to obtaining

LEED certif ication for all new stores9.

iven this commitment, the Moncler Group currently has:

○

eight stores certif ied according to the LEED standard

for Building Operations and Maintenance and three stores

under certif ication;

○

27 stores certif ied according to the LEED standard for

Interior Design and Construction and 10 stores

under certif ication.

As for the production sites in 2023 the Group obtained the

certif ication according to LEED standard for Building Design

and Construction for the extension of the production site

in Romania and started in 2024 the process for the new

knitwear factory in Padernello di Paese Treviso

Lastly BREEAM InUse certif ication Excellent level was

obtained for the logistics hub in Castel San Giovanni

(Piacenza), proving a more ef f icient management of the

building and an energy and environmental

performance improvement.

•Low environmental impact car f leet

During the year, the Group continued to introduce low

environmental impact vehicles into its car f leet, exceeding

its target and bringing the ratio of low-impact vehicles

in its company f leet to 98%.

Strategic areas for scope 3 emissions mitigation

Due to the nature of its business model, in which production

is mainly managed through suppliers, the Moncler Group’s

most signif icant environmental impacts are indirect (scope 3),

accounting for more than 98% of the Group’s total emissions.

o reduce the indirect impact associated with the production

and distribution of their products, and within the limits of their

sphere of inf luence, Moncler and Stone Island encourage

production and logistics partners to apply environmental

best practices.

•“Preferred” materials

Among the raw materials used, including materials for f inished

products and packaging, wool and cotton are the main

source of GHG emissions, followed by synthetic materials,

such as nylon and polyester.

To reduce this impact, the Moncler Group has begun to replace

virgin materials with alternatives from recycled, organic

or regenerative agricultural origin that guarantee a reduction

in terms of emissions generated and therefore represent

a key lever of the Group’s climate strategy. This approach

ot only supports the Group’s commitment against

clima

te change but also contributes to the mitigation of other

environmental impacts (see also pages 114; 211–212;).

In particular, Moncler Group has identif ied a set of intermediate

targets to be achieved by 2025:

○

50 preferred nylon

○

50 preferred cotton

○

70 of wool certif ied to specif ic standards

eg Responsible Wool Standard RWS

Nativa Sustainawool

The targets listed above contribute to reaching over

50 of yarns and fabrics from preferred materials in all

collections by 2025

In 2024 in particular the Group used about 37 recycled

or organic cotton more than 50 preferred nylon

eg recycled and about 70 certif ied wool such as Responsible

Wool Standard RWS Nativa and Sustainawool

Thanks to the purchase of these materials with the exception

Excluding the shopinshops where

lighting systems are provided by the host

department stores 17 worldwide and on

which therefore Moncler cannot take

action However by the end of 2024 such

shopinshops were equipped with LED

lighting systems

Excluding shopsinshops

[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