Moncler Group | Annual Report 2024 Board of Directors’ Report 196 | ’
[E3 IRO–1] Description of the processes to identify
and assess material water-related impacts, risks
and opportunities
[E3–1] Policies related to water
Aware that water is a critical resource to be protected,
since 2022 the Group has been periodically assessing its impact
on water resources through a “water footprint” analysis.
This process, which constitutes the starting point for
assessments of the double materiality analysis, allows the
monitoring and quantif ication of both direct water consumption
related to of f ices, stores, production sites and the logistics hub,
and indirect consumption along the supply chain during raw
materials extraction and production phases as well as in the
processing and assembly stages for f inished garments.
The activity is carried out in collaboration with a specialised
external partner and follows the principles def ined by the
ISO 14046 standard: Water Footprint — Principles, requirements
and guidelines. The water footprint calculation method combines
direct and indirect consumption data with the Available Water
Remaining (AWARE) water risk index, which ref lects water
scarcity associated with each analyzed geographical area.
To date, the results of these analyses have shown that the most
signif icant consumption, and therefore the potential negative
impacts on aquifers due to excessive water withdrawal and the
consequent ef fect on the ecological balance of water bodies,
primarily occur along the supply chain, particularly during
the production phases of natural and animal-derived raw
materials, such as cotton and wool (the assessment did not take
into account the mitigation actions implemented by the Group).
Due to the nature of the Group’s business, direct water consumption,
in contrast, is less signif icant and mainly relates to sanitary services
and, to a minimal extent, steam production for ironing facilities and
a small dyeing facility in Stone Island’s prototyping department.
In 2024, the Group integrated the water footprint results with
a more specif ic assessment of water stress and risk in the areas
in Italy and Romania where its of f ices, production sites and logistics
hub are located, as well as along the supply chain of “critical
suppliers” (see also page 309) involved in processes characterised
by signif icant water consumption, such as dyeing,
painting
and
f inishing. The analysis was conducted using the public available
Aqueduct Water Risk Atlas tool from the World Resources Institute,
which identif ies areas of high water stress, i.e. those where the
ratio annual water withdrawal to available water exceeds 40%.
This additional analysis showed that, to date, neither the Group’s
sites nor those of its “critical suppliers” are located in high water
stress areas. With a view to continuous improvement, the Group
is committed further expand this in-depth analysis, including
other areas of the supply chain.
The Moncler Group, as stated in the Code of Ethics,
the Environmental Policy and the Supplier Code of Conduct
see also pages 159 263 302 promotes the ef f icient use
of natural resources including water resources regularly assesses
water consumption at its own sites and along the supply chain
and identif ies potential risks associated with the scarcity quality
and quantity see also page 190 of water both at its directly
managed corporate sites worldwide of f ices stores production
sites and logistics hub and along the supply chain The Group is
committed to ensuring compliance with applicable environmental
laws concerning water through audits conducted by independent
third party entities as well as identifying opportunities for
innovation and programmes to reduce water consumption
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