Moncler Group | Annual Report 2024 Board of Directors’ Report 266 | ’
•Prevention and mitigation of impacts
The risk analysis process is essential to prevent negative impacts
and def ine mitigation actions, such as prioritizing ethical-social
and environmental audit plans and integrating the results into
the selection process for new suppliers.
The ethical, social and environmental audits are in fact carried
out both on potential suppliers, to assess their suitability for
establishing a business relationship with the Group, and on
existing suppliers to verify ongoing compliance with applicable
laws and the principles outlined in the corporate Codes. For the
latter, any violation of the Group’s requirements constitutes a
contractual breach, granting Moncler and Stone Island the right
to request the immediate termination of the existing contract
in the event of serious non-compliance or, in less severe cases,
the implementation of a timely corrective action plan. In order
to ensure maximum impartiality, audits are regularly entrusted
to qualif ied, accredited third-party entities with recognized
expertise. The audits, regarding social aspects, focus on
verifying respect for fundamental human and labour rights,
with particular attention to the issues of forced labour, child
labour, freedom of association, working hours, guaranteed
minimum wage, and, not least, health and safety. The Group’s
proprietary checklist, used to perform audits, is regularly
updated to take account of changes in reference standards
and local and international regulations. It was developed
based on a benchmarking analysis of major industry-recognised
and multi-stakeholder standards and methodologies, including
SMETA3, the Responsible Business Alliance, amfori BSCI4
and other management systems and international initiatives.
This tool has been subsequently adapted to the specif icities
of the Group’s supply chains and is periodically reviewed with
the technical support of the International Labour Organization
(ILO) and certif ication and consulting companies (including
SGS, Control Union, IDFL and KPMG). The Group has
a
three-year audit plan aimed at ensuring that all façon
manufacturers and f inished product suppliers are audited
at least once every three years In 20222024 Moncler
conducted 794 ethical social and environmental audits
on both suppliers and subsuppliers accounting for 100
of the volumes assigned to outerwear façon manufacturers
93 of the volumes assigned to suppliers of other outerwear
processes dye houses printing works embroideries etc
100% of footwear and bag suppliers, 88% of tanneries, 97%
of volumes assigned to knitwear suppliers and soft accessories
suppliers and 96% of the 2024 turnover of pattern making
and prototyping suppliers.
Stone Island, which has a three-year ethical, social and
environmental audit plan to ensure the highest coverage of
suppliers in its supply chain, also carried out 380 ethical,
social and environmental audits during the same three-year
period (on both suppliers and sub-suppliers), equal to around
100% of the value of orders assigned to f inished products
suppliers and 99% of the value of orders assigned to
façon manufacturers.
Moreover, in 2024, both Brands also conducted ethical, social
and environmental audits on their main raw materials suppliers
representing 75% of total material purchases for Moncler
and 90% for Stone Island. In particular, with regard to the
down supply chain, 100% of Moncler’s suppliers were also
found to comply with the new human rights and environmental
compliance modules of f icially included in the DIST Protocol.
Those environmental and social modules were also applied to
Stone Island’s RDS-certif ied down supplier verif ication processes.
Lastly, ethical, social and environmental audits also continued
to be carried out on strategic service suppliers: logistic
platforms, external quality control platforms, providers of
services at Group sites and stores for which no material
non-compliance was identif ied.
These verif ication activities were accompanied by audits on
animal welfare and down traceability. See also pages 305–306.
3
Sedex Members Ethical Trade Audit
4
Business Social Compliance Initiative
NUMBER Moncler Group
2022 2023 2024
Ethical social and environmental audits 239 389 546
Animal welfare and traceability DIST audits down supply chain 136 156 210
TOTAL 375 545 756
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