Moncler - Annual Report 2024

Moncler Group | Annual Report 2024 Board of Directors’ Report 162 | ’

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of wool, for which an emission factor to account for the benef it

of switching to a lower-impact solution has not yet been

def ined, the Group avoided emitting over 10,000 tonnes of

CO2e in 2024 compared with the purchase of the equivalent

conventional raw materials.

In addition, in 2024 the Group published the Raw Material

Manual, which outlines the criteria and thresholds to guide

the choice of materials and accessories with the lower

environmental impact and in line with best practices on

animal welfare. All key raw materials are in line with what

is def ined in the Manual.

The Moncler Group is also committed to reduce the

consumption of packaging materials and to research and apply

lower impact alternatives. In recent years, the Group has

launched a series of programmes for improving packaging

design, focused mainly on recyclability, re-usability10

and ability to last over time, as well as on reducing the

materials used. See also pages 211; 214–218.

Since 2022, the packaging intended for the end client

has been made with “preferred” and the same applies

to the logistics packaging starting from 2023.

More details on the progress made in 2024

with respect to “preferred” materials are provided

on pages 114; 204–205; 211–212.

•Regenerative agriculture

Since 2023, the Moncler Group has supported projects

dedicated to regenerative agriculture practices along

the cotton and wool supply chains, with mitigation ef fects

on both GHG emissions and impacts on biodiversity,

and the implementation of new impact measurement

methodologies in line with the latest reference standards.

In particular, among the projects launched on the cotton

supply chain, the Group has joined a project of regenerative

agriculture developed in Tennessee in collaboration with

Ecosystem Services Market Consortium (ESMC11) on around

200 hectares that has enabled the removal of approximately

100 tonnes of CO2e from the atmosphere The impacts

of the project were verif ied and certif ied by SustainCERT12

during 2024 see also pages 113 204

Regarding the wool supply chain a project was launched

in Australia in 2023 together with PUR Projet13 which was

extended in 2024 to include two additional farms

see also pages 113 204

The Group continues to monitor the development of the

GHG Protocol Land Sector and Removals Guidance and

the SBTi FLAG (Forest, Land and Agriculture) in order

to include the assessment of the positive impacts of these

projects in its reporting. In this regard, in 2024, the Group

calculated its FLAG emissions, which represent more than

20% of the total scope 3.

•Decarbonisation of the supply chain

The Group actively collaborates with its suppliers to monitor

energy consumption and def ine targets and plans aimed at

reducing their carbon footprint.

In recent years, it began mapping energy consumption and

the type of energy used along the supply chain in order to

integrate primary data from production processes into the

Group’s carbon footprint and identify, together with its

suppliers, opportunities for energy ef f iciency improvements

and for the transition to energy from renewable sources.

This activity continued in 2024, with the collection and

integration of primary data relating to energy consumption

and the type of energy used at over 115 production sites

of direct suppliers and their sub-suppliers. To date, around

30% of the electricity consumed at these sites comes from

renewable sources. In particular, 44 of these production sites

have photovoltaic systems.

This process, supported by external partners for the data

verif ication phase, allows the Group to improve the quality

of the data used in calculations of environmental impacts

and to monitor over time the virtuous actions implemented

by its suppliers.

In 2024, thanks to the consultancy support f inanced by the

Group, some suppliers implemented energy ef f iciency

measures identif ied during the energy assessments, while

others started the transition to the use of electricity

from renewable sources.

During the year, collaboration was also intensif ied with a

selected group of suppliers through an awareness campaign

that promotes the adoption of best industry practices

the def inition of emission reduction targets and the increased

use of renewable energy Given this commitment the Group

has become a partner of the Apparel Impact Institute AII

Looking forward the Group will continue to work with

suppliers with more energy intensive processes for example

This refers to the ability of a product to

be used multiple times or in multiple

contexts without losing its functionality

performance or quality

Off icial certif ication body for the Gold

Standard for the Global Goals the most

credible and robust standard aimed

at ensuring that climate actions

also contribute to the Sustainable

Development Goals

A nonprof it organisation that

recognises and rewards farmers for

their environmental practices

An organisation active in insetting

practices since 2008 PUR Projet

is a certif ied B Corp and a global

leader in the implementation of

naturebased solutions