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Moncler Group | Annual Report 2024 Board of Directors’ Report 175 Moncler Group | Annual Report 2024 Board of Directors’ Report 174

[E1–7] GHG removals and GHG mitigation projects

f inanced through carbon credits

Carbon neutrality

In 2024, the Group maintained carbon neutrality50 for all directly

managed sites worldwide.

To maintain climate neutrality, and in line with what was done

over the past years, scope 1 and 2 (market-based) emissions were

reduced (-6% compared with the previous year), while unavoidable

residual emissions were compensated through three projects

certif ied on the voluntary market and focused, respectively, on the

circular economy and renewable energy.

The f irst project supported, certif ied according to Gold Standard,

relates to the expansion of a highly energy ef f icient plastic waste

recycling plant in Romania. This initiative adds to the contribution

towards the implementation of two projects that aim to increase

access to energy from renewable sources: a photovoltaic plant,

certif ied according to the Verif ied Carbon Standard, in the

Mauritius islands, and an of f-shore wind plant, certif ied according

to the Gold Standard, in Vietnam. The three projects are important

not only from an environmental point of view but also from a social

perspective as they have created new job opportunities and raised

awareness among local communities on environmental topics and

the importance of recycling and of sustainable management

of local resources.

To monitor the reduction and compensation of greenhouse gas

emissions at its sites, the Group on an annual basis:

•monitors the implementation of the Group guidelines for

the procurement of renewable energy;

•collaborates with the relevant corporate departments

to continuously identify areas for improvement

in energy ef f iciency;

•monitors energy consumption and related CO2 emissions

using dedicated company tools and with the support

of a consulting f irm;

•collaborates with recognised partners to purchase renewable

energy certif icates (EACs) and CO2 credits aligned to major

international standards such as the Gold Standard or Verif ied

Carbon Standard (VCS).

In line with the requirements of the SBTi, the carbon credits

purchased from these projects do not contribute to the scope

1 and 2 emission reduction trajectories def ined by the Group.

50

Achieving carbon neutrality involves

reducing impacts through CO2 emission

reduction activities such as purchasing

energy from renewable sources using

more eff icient lighting systems using

vehicles with low environmental impact

and compensating residual emissions

with carbon credits generated by positive

impact projects Each credit certif ied

according to international standards

such as the Gold Standard or Verif ied

Carbon Standard VCS certif ies that

a tonne of CO2 has been reduced or

removed from the atmosphere

51

The carbon credits purchased by

the Group are not included within the

corresponding adjustments provided

for under Article 6 of the Paris Agreement

CARBON CREDITS51 Unit of measurement 2023 2024

CARBON CREDITS OUTSIDE THE VALUE

CHAIN, VERIFIED ACCORDING TO

RECOGNISED QUALITY STANDARDS

tCO2e

2,542 2,400

of which from removal projects--

of which from mitigation projects 2,542 2,400

Share from removal projects

%

--

Share from mitigation projects 100 100

BREAKDOWN BY TYPE OF STANDARD

Gold Standard

%

39 83

Verif ied Carbon Standard 61 17

Other recognised standards--

Share from projects developed in the EU 39 42

SCOPE 3 CATEGORY CALCULATION METHODOLOGY

Employee commuting This category includes CO2 emissions calculated using information collected through a survey

aimed at investigating the means of transport used by Group employees (both corporate

and retail) worldwide (Italy, EMEA – excluding Italy, Americas, Asia). Each employee’s workdays

were split between “commuting” and “remote working” to differentiate in-person days from

remote working days.

Specif ic emission factors from Ecoinvent 3.10 were used, based on the means of transport

used by employees.

Upstream leased assets This category is not applicable to the Moncler Group, as emissions related to assets leased

by the Moncler Group are included in scope 1 and 2 emissions.

Third-party warehouses Energy data from third-party warehouses were collected through dedicated surveys.

The emission factors applied are based on IEA 2024 parameters.

Processing of sold products This category is not applicable to the Moncler Group since the sold products do not require

further processing or transformation.

Use of sold product This category includes CO2e emissions calculated based on the total units sold during

the reporting year by the Moncler Group and the relevant garment care information.

The calculation was based on the indirect use phase (e.g., washing, ironing, drying) reported

on the product-specif ic care labels, used to estimate the maintenance processes applicable

during the life cycle of each product category.

Specif ic emission factors were applied to each product category, taking into account

the materials and the type of maintenance required.

End-of-life treatment of sold products The Moncler Group does not directly manage this phase but has estimated its impact

in accordance with the GHG Protocol. Depending on material volumes, disposal methods

(e.g. recycling and recovery) and packaging, specif ic emission factors were used

to calculate CO2e emissions (source: Ecoinvent).

Downstream leased assets This category is not applicable to the Moncler Group as it does not own assets leased

to other companies.

Franchises This category is not applicable to the Moncler Group business model, as the Group

does not own franchises.

Investments This category is not applicable to the Moncler Group since all the companies in

which the Group invests are fully consolidated, therefore emissions are already

included in scope 1 and 2 data.

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