Moncler Group | Annual Report 2024 Board of Directors’ Report 268  | ’

promote responsible management of social and environmental

issues along the supply chain.

In this context, training on the Code of Ethics continued in 2024

through a dedicated module available on the supplier portal,

which includes a specif ic section on the principles of respect

for human rights. Participation in this course is required for

all suppliers upon registration on the portal.

Moreover, the Group, with the support of the International

Training Centre of the International Labour Organization

(ITCILO), continued to of fer targeted human rights training

to both its employees and suppliers. The course is translated

into all languages relevant to the Group and is updated annually.

Capacity-building programmes have also continued on key

topics such as the living wage (see also page 309) and on the

importance of adopting energy ef f iciency mechanisms and

promoting renewable energy throughout the supply chain

(see also pages 113; 162–163; 166; 324), involving a total of

41 suppliers during the year.

In addition to the ongoing awareness-raising activities on ethical,

social, environmental and animal welfare issues, Moncler

supports some suppliers considered strategic by providing

both experts in health and safety to of fer consultancy and

develop knowledge, as well as operational support to handle

investments in technologically advanced machinery for

particular processes (eight suppliers in 2024). Since 2022,

the programme has also extended to Stone Island suppliers.

•Adoption of corrective or remedial measures

If audit activities reveal violations of applicable laws or

principles set out in the Group’s Codes and Policies, the

Company requires the supplier to implement appropriate

actions to resolve the non-compliance (see also page 268).

Notwithstanding the zero-tolerance approach for major

breaches, for which the Group reserves the right to terminate

immediately the existing contractual relationship with the

supplier, both Brands are committed to support their supply

chain raising awareness and driving continuous improvement

requiring the implementation of corrective actions where

needed Following each audit an improvement plan is issued

and its implementation is then verif ied The Group undertakes

to proactively support all suppliers in implementing the agreed

corrective actions

In order to verify that corrective measures are ef fectively

implemented by the agreed deadline the Group carries out

both onsite and documentary followup audits

With regard to the 546 suppliers sites audited on ethical social

and environmental aspects in 2024 by the end of the year

approximately 94 of them were in line with the highest

Groups social and environmental standards more than

95 when considering critical suppliers Relationship was

terminated with around 3% of them (16 suppliers), and the

remaining 3% turned out to have open non-compliances at

the end of 2024, as the audit activity took place just before

the last months of the year and not all the actions aimed at

remediating the non-compliances had been closed.

With particular reference to social aspects, in 2024, 104 of

the 546 audited sites were found to have non-compliances

and the relative improvement plan was issued. The main areas

of non-compliance were related to occupational health and

safety (73%) followed by labour relationship management

issues (23%), which included non-compliance regarding

salary and wage treatment (11%), working hours (6%) and

employment contract management (6%). Only 4% of the cases

involved human rights-related issues. For least critical

non-compliances, it was agreed with the suppliers to promptly

implement a resolution plan, while in the most critical cases,

the collaboration with the supplier was always terminated.

Finally, the Group examines each situation to assess whether

any non-compliance identif ied has resulted in negative impacts

on workers; in the event of proven negative impacts, the Group

verif ies whether or not these fall within the scope of its

responsibility assessing their correlation with the performance

of its activities. If such a correlation exists, the Group takes

appropriate measures to remedy the impacts on workers in

the value chain, collaborating, where necessary, with the

competent authorities at national and international level and

with its suppliers and partners to adequately address these

situations. The Group also expects its suppliers and business

partners to adopt mitigation and remediation measures for

human rights violations in their activities, integrating these

obligations into their contracts.

The due diligence process has contributed to strengthening over

time the awareness and culture of human rights, as well as the risks

associated with them, both within the Company and along the supply

chain. The actions taken have proven their ef fectiveness over time,

leading to the selection of suppliers with progressively lower risk

and demonstrating that noncompliances resolved thanks to

the improvement plans implemented during the threeyear audit

cycles do not recur in subsequent audits

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