Moncler Group | Annual Report 2024 Board of Directors’ Report 179 Moncler Group | Annual Report 2024 Board of Directors’ Report 178

CapEx:

For the capital expenditures (CapEx) indicator calculation, the

denominator considered the increases in tangible f ixed assets

and intangible assets during the year, before depreciation and any

revaluations, including those arising from restatements and

reductions in value, for 2024, and excluding changes in fair value.

In particular, the denominator includes acquisitions of tangible

f ixed assets (IAS 16), intangible assets (IAS 38) and assets

for rights of use (IFRS 16).

With regards to the numerator, increases in f ixed assets related

to the purchase of output from economic activities included

in the Taxonomy relating to the measures implemented that

contribute to the objective set by the legislation called “climate

change mitigation” were considered eligible. These activities mainly

include investments in construction work related to the opening

of new stores or production plants and the expansion and

renovation of company of f ices and existing stores with a particular

focus on energy ef f iciency improvements and energy consumption

reductions for these buildings. These investments fall under

the economic activities categorised as “7.2 Renovation of existing

buildings”, “7.3 Installation, maintenance and repair of energy

ef f iciency equipment” and “7.5 Installation, maintenance and repair

of instruments and devices for measuring, regulation and

controlling energy performance of buildings” of Regulation (EU)

2020/852. In particular, in 2024, these investments concerned,

for activity 7.2, the new knitwear factory in Padernello di Paese

(Treviso) and the renovation of some buildings in Ravarino

(Modena), while, for economic activities 7.3 and 7.5, investments

relating to some of the new store openings of both Moncler

and Stone Island were taken into account.

The alignment analysis was carried out by verifying both the

adherence of the aforementioned activities to the technical

screening requirements and DNSH criteria relating to the climate

change mitigation objective and compliance with the minimum

safeguards in carrying out the activity.

With reference to the analysis for the verif ication of alignment

with the technical screening requirements and the DNSH criteria

of the Taxonomy, the adoption of energy ef f iciency requirements

in building measures at all directly managed sites was considered,

in line with the objectives related to the “Act on climate & nature”

pillar of the Group’s 2020–2025 Strategic Sustainability Plan,

with a particular focus on the guidelines implemented by Moncler

and Stone Island for the design of new openings and relocation

of stores and new company buildings, ensuring the integration

of criteria for obtaining LEED certif ication. These analyses,

specif ic to each of the three activities (7.2, 7.3 and 7.5), were

carried out by a specialised third party that supported the Group

in monitoring and verifying the alignment of each construction

project taken into consideration with the Taxonomy requirements,

from the design phases to the construction site phases.

With regard to the verif ication of compliance with the minimum

safeguards, as part of the due diligence activities on compliance with

the principles of the Code of Ethics, the Group has ensured that

the suppliers involved in the activities described above comply with

company’s standards on human and workers’ rights, anti-corruption

practices and good governance, taxation and fair competition.

Based on the analyses conducted, it was determined that

the share of capital expenditure classif ied as “aligned” is

approximately 2.3%52, corresponding to the totality of investments

related to eligible activities.

52

The alignment percentage rises to 57

excluding the impact of rightofuse

assets accounted for in accordance

with IFRS 16

Share of turnover/Total turnover

Taxonomy-aligned by objective Taxonomy-eligible by objective

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