Moncler Group | Annual Report 2024 Board of Directors’ Report 164 Moncler Group | Annual Report 2024 Board of Directors’ Report 165

The following provides a detailed overview of the targets

included in the Sustainability Plan and the results achieved

in 2024, relating to the Act on Climate & Nature pillar,

which outline the Group’s future commitments to promoting

the implementation of concrete environmental initiatives,

in line with what is def ined in the Environmental Policy.

The targets for the use of “preferred” materials that

contribute to the reduction of scope 3 emissions are reported

on pages 113; 206; 220.

[E1–4] Targets related to climate change mitigation

and adaptation

For the corporate sites in Italy, the Mobility Manager has

been responsible for promoting sustainable mobility for

employees for the past three years through the development

of a Work Home Travel Plan (WHTP), which is updated

annually. In particular, based on the continuous updating

of the mapping of corporate sites aimed at analysing

workplace accessibility, the transport solutions used by

employees, distance travelled, and time spent, possible

areas of intervention were identif ied in order to reduce

pollutant emissions and promote alternative commuting

modes. In this regard, in 2024, the Group once again of fered

mobility services to employees in Italy, such as sharing

mobility and the purchase of public transport subscriptions.

In addition, a tool based on gamif ication has been made

available, which encourages virtuous behaviours of employees

who choose low-impact vehicles for their commute,

such as bicycles, walking, trams, buses, etc. Through this

platform the Group also collects monthly information

on CO2 emissions saved, which is used to update the WHTP.

The CO2e emissions related to commuting represent

approximately 6% of scope 3.

Initiatives to mitigate theoretical risks related

to climate change

The Group has put in place a series of measures to mitigate the

ef fects of the theoretical risk deriving from the intensif ication

of extreme and chronic weather phenomena (for example heavy

rainfall, heat or cold waves, drought phenomena, etc.), which could

af fect the physical sites, resulting in the potential interruption

or reduction of production levels (operational continuity).

In particular, it adopts insurance coverage aimed at limiting the

economic impact deriving from any potential damage due

to extreme weather phenomena and regularly assesses physical

risks related to climate (for example, the exposure of the area

to hydrogeological and geomorphological risks). Based on the

results of the risk assessments, the Group adapts the design

of its site in order to minimise its exposure to the identif ied risks

In addition the Group has def ined action plans to deal quickly

and ef fectively with any potential emergency situations relating to

its logistics services in order to guarantee business continuity

Compared with the risk associated with changes in the

purchasing dynamics of clients with potential preferences

for lower impact products or lighter garments the Group has

begun to introduce products with preferred materials into its

collections for years from the biobased down jacket in 2019

to the range of garments created with recycled fabrics in the 2021

Moncler Grenoble collection and to the launch, in the Moncler

collections, of a selection of “Born To Protect” jackets, a project

that became a total look in 2022, including sustainable garments

and accessories. Currently, thanks to the collaboration of the Design,

Fabric and Research and Development, and Operations and

Merchandising teams, the Group is progressively integrating

into the collections fabrics and yarns with a lower impact than

conventional solutions (over 43% in the 2024 collections). In addition,

Moncler has expanded the range of products over the years,

including, along with other new categories (including t-shirts,

sweatshirts, knitwear, shoes and other accessories) lightweight down

jackets, which can be worn at milder temperatures, or multilayer

solutions that of fer more opportunities for use.

Environmental sustainability training

In 2024, the Moncler Group created a dedicated course for all

employees, with the aim of raising awareness and increasing

knowledge of environmental matters. The course can be accessed

through various devices and is available on the Group’s digital

platforms. Organised into four modules, the course explores

several topics, including: climate change, biodiversity, water

resource management, resource ef f iciency and circularity.

The climate change module guides employees through the

challenges and opportunities of one of the most pressing issues

of our time. It presents a clear overview of the fundamental

concepts, ranging from the def inition and classif ication of

greenhouse gases to the global and local impacts of climate

change. The module also explores the topic of the carbon

footprint as a tool to measure the emissions of an organisation

and describes the main mitigation strategies adopted by

the Moncler Group to reduce its impact.

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The value is calculated considering

the emissions that would have been

generated if employees had not used the

shuttle service but had used private cars