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.