Moncler Group | Annual Report 2024 Board of Directors’ Report 272 | ’
[S4 SBM–3] Material impacts, risks and opportunities
and their interaction with strategy and business model
1
Registration Evaluation Authorisation
and Restriction of Chemicals
2
National Standard of the Peoples
Republic of China
3
Japanese Industrial Standards
The theoretical risks associated with clients, identif ied in the
double materiality analysis, concern issues related to client data
management and protection as well as compliance with applicable
laws for products intended for sale (the assessments did not take
into account the mitigation actions implemented by the Group).
The management and protection of client data represent
a strategic element of Moncler Group’s operations and its
trust-based relationship with stakeholders, as the collection, storage
and use of data play a crucial role in key business processes,
including the personalisation of the of fer and client relationships
management both in-store and online. Specif ically, the assessments
conducted showed that non-compliance with the regulations
on data management and protection applicable in the various
countries where Moncler and Stone Island operate, could
represent a potential risk for the Group both in terms of sanctions
and reputation.
Another theoretical risk that emerged from the analysis
concerns potential non-compliance with applicable regulations
related to products compliance intended for sale in the selling
country/State, especially with reference to the use of potentially
harmful chemical substances. The evolution of applicable
regulations in terms of product compliance, such as the REACH
regulation1 in Europe, the Chinese GB requirements2 and the
Japanese JIS3 requirements, requires careful monitoring and
adaptation when necessary. Non-compliance could result in
consequences not only in economic terms, with direct losses
due to restrictions on distribution, sanctions, product recalls
or sales bans, but also in terms of reputation, undermining the
perception of the brand as a symbol of quality, sustainability
and responsibility.
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