Moncler - Annual Report 2024

Moncler Group | Annual Report 2024 Board of Directors’ Report 302 | ’

This section, in accordance with the European Sustainability

Reporting Standards (ESRS) on business conduct (ESRS G1),

describes the corporate culture, the Company’s values, as well

as the Codes and policies that guide behaviours and principles

to be followed in business management, with particular reference

to the topics identif ied as relevant in the double materiality

analysis, namely relationships with suppliers and attention to animal

welfare (the assessments did not take into account the mitigation

actions implemented by the Group).

In addition, to ensure continuity with what was reported

in previous years’ Consolidated Non-Financial Statements, issues

such as corruption prevention, contributions to political parties,

and lobbying activities are also addressed, even though they were

not identif ied as relevant.

Code of Ethics

The Code of Ethics and corporate policies are one of the pillars of the

Group’s corporate governance system and regulate the way

the Moncler brand, the Stone Island brand and their respective

employees, partners, clients and shareholders operate.

The Codes of Ethics of Moncler and Stone Island encompass

the set of values both Brands recognise, share, and promote,

acknowledging that conduct inspired by the principles of diligence,

honesty and loyalty represents a signif icant driver of economic

nd social development. Employees and partners are required to act

with honesty, passion and integrity and to build relationships

with stakeholders based on mutual trust so that growth is guided

by the principle of shared value

he Codes establish clear behavioural norms for recipients

regulating various aspects including relations with employees

suppliers clients and authorities respect for human rights

protection of intellectual and industrial property conf idential

information and privacy respect for fair competition

proper

administrative and f inancial management environmental

protection anticorruption and antimoney laundering measures

and the responsible use of corporate assets and the management

of conf licts of interest contributions and sponsorships

The Codes of Ethics apply to all employees suppliers contractors

consultants partners and external collaborators of the two

Brands and apply in a consistent manner across all countries

where Moncler and Stone Island operate. In case of non-compliance,

disciplinary measures and/or sanctions will be applied

up to and including termination of the existing employment

contract or business relationship.

The Board of Directors is the competent body to decide on the

adoption and subsequent amendments to the Code of Ethics,

as well as being involved in managing any ethical issues of particular

relevance. The Head of the Corporate Af fairs & Compliance

Function, as part of the second-level control, monitors the proper

conduct of the Group’s operations in compliance with relevant

legal and regulatory constraints, internal procedures and values

of the Code of Ethics This role also ensures the management

of corporate compliance aspects Human Resources and the

Function Managers on the other hand actively support

staf f training and awarenessraising ensuring that all employees

understand and respect the provisions of the Code of Ethics

The Codes are periodically updated to align with international

best practices and further integrate them more with emerging

sustainability and business conduct topics Both Codes are inspired

by the main existing national and international regulations

on corporate social responsibility corporate governance human

rights and the environment such as the International Bill

of Human Rights of the United Nations the Universal Declaration

of Human Rights and the Charter of Fundamental Rights of the

European Union the decent work standards set out in the

[G1–1] Policies and practices on business conduct

and corporate culture

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