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Moncler Group | Annual Report 2024 Board of Directors’ Report 308 Moncler Group | Annual Report 2024 Board of Directors’ Report 309

Fur

Moncler Group, by adhering to the Fur-Free Retailer Policy, has

committed to not using animal fur in all its collections.

The word “fur” refers to any skin with hair from animals raised

or caught in the wild exclusively or primarily for their fur,

for example fox, mink, coyote, f inn raccon, ermine, rabbit, etc.

Short and long hair shearling from livestock primarily raised

for meat, (e.g. calf, cow, sheep, lamb and goat) do not fall

under the above def inition of “fur”. To ensure that such animals

are indeed a by-product of the food supply chain, the Group

re

quires a third-party audit to be carried out on the supply chain.

The last brand Moncler collection to feature fur was

the Fall/Winter 2023 collection, while Stone Island has not

used fur since 2018.

As an alternative to fur, the Group also uses synthetic materials.

Wool

To protect animal welfare, the Moncler Group has also set objectives

regarding the dif ferent types of wool.

In particular, with regard to merino wool, the Group has

committed to purchasing only mulesing free certif ied merino wool

from the 2025 collections, meaning wool from sheep not

subjected to the practice of mulesing, which consists of removing

a portion of skin around the tail to prevent parasitic infections.

In the 2024 collections, approximately 93% of merino wool is made

with mulesing free certif ied materials.

The Group has also committed to achieving a total of 70%

certif ied

wool (for example Responsible Wool Standard (RWS),

Nativa or Sustainawool) by 20253. In the 2024 collections, around

70% of the wool was certif ied.

In addition, the Group uses only alpaca and mohair certif ied

according to the Responsible Alpaca Standard (RAS)

and Responsible Mohair Standard (RMS) respectively. See also

pages

204; 212; 267

.

3

The value considers the total weight of

yarns and fabrics used for the production

of the SpringSummer and FallWinter

2025 collections

The Moncler Group recognises the importance of building strong

partnerships with its suppliers based on trust and shared values.

It requires its suppliers to adhere to the principles of the Code

of Ethics and the Supplier Code of Conduct. It has also adopted

a Purchasing Policy, which is the responsibility of the Chief Corporate

& Supply Of f icer, who leads the Company in managing its

relationships with suppliers. This Policy def ines roles, responsibilities

and fundamental principles for the management of purchases,

ensuring transparency, fairness and regulatory compliance, and

applies to all Group Companies. It regulates supplier selection,

qualif ication, and relationship management process. With reference

to the selection and qualif ication process, it is required to verify

and monitor the ethical, legal, economic and f inancial reliability

of potential suppliers, as well as their technical, organisational

and management skills. In addition, through dif ferent tools,

depending on the type of supplier (see also pages 115; 192; 266–269;

320

), compliance with requirements on the environment,

health and safety, labour rights and other aspects outlined in the

Code of Ethics and the Supplier Code of Conduct is verif ied.

In managing suppliers, the Purchasing Policy includes a commitment

to respect payment times, with particular attention to small

and medium-sized enterprises (SMEs), and to collaborate in delivery

planning, ensuring clear timings, a shared understanding

of production plans and optimised management of orders peaks,

t

hus fostering a cooperative and ef f icient relationship.

T

he Group is also committed to building lasting relationships with

its suppliers and behaving responsibly in the event of any

interruption of relations. In addition, training and capacity-building

programmes are planned in social matters, including the topic

of living wages (see also page 268), and environmental programmes,

such as the importance of energy ef f iciency mechanisms

and promoting renewable energy along the supply chain (see also

pages 113; 162–163; 166; 322–325). These programmes are

essential for promoting a culture of change, improving the social

and environmental performance of the suppliers.

A key element of the supplier management model is the

identif ication of critical suppliers4 who are involved in targeted

actions and initiatives This identif ication process is based

on a riskbased approach that considers in addition to their

importance to the Group in terms of the economic value

of the orders commissioned quality delivery times f inancial

dependence of the supplier the Groups ability to ensure

the supply of goods and services in case of needing to replace

a supplier in a short time and specif ic sustainability parameters

including the potential human rights risk in the country

of reference the supply of key raw materials or the supply

of strategic processes for the Group, with a particular attention

to raw materials of animal origin or associated with certain social

or environmental impacts.

Lastly, to ensure supply chain excellence, Moncler has

implemented a vendor rating system that assigns an overall supplier

rating also considering sustainability aspects. Each indicator

is weighted and helps to assess a supplier based on the results

achieved in each area. The vendor rating areas are:

•sustainability and compliance (working conditions and respect

for human rights, observance of chemical substance standards,

indicators relating to the results of compliance tests carried out

on products, environmental practices, animal welfare, etc.);

•quality (rate of production defects, quality complaints reported

to client service, etc.)

•delivery service level (f lexibility, delivery punctuality, etc.);

•cost (price competitiveness, logistics costs, etc.);

•innovation (technological capacity, aptitude for innovation, etc.);

•f inancial sustainability (degree of economic resilience

of the supplier).

Regarding indirect suppliers, i.e. suppliers of goods and services not

related to the product, since 2018 a qualif ication process has

been in place to gather information about the organisation, the

f inancial-economic situation, and the social and environmental

practices of these suppliers. Regarding sustainability issues, 57%

of suppliers have a code of ethics and over 50% of qualif ied

suppliers have implemented social and environmental initiatives.

The mapping of certif ications held by suppliers related to quality

and social and environmental sustainability, as well as health and

safety, has continued. About half of the suppliers have at least

one certif ication, and among them, most have the ISO 14001

environmental certif ication and/or the ISO 45001 health and safety

certif ication. The Group also continued to raise awareness

among suppliers who are not certif ied, underlining the importance

of these tools as a strategic element for continuous improvement

and for the adoption of increasingly high operating standards.

Finally in 2021 Moncler conducted a verif ication activity to assess

the reliability of its partners also with the addition of information

on the management of sustainability issues this activity involved

around 120 suppliers These indirect suppliers mainly builders

and maintenance and service providers were evaluated according

to 28 criteria divided into four categories environment labour

and human rights health and safety and ethics This tool based

on international principles standards and guidelines such as

the Global Compact ISO 26000 and the OECD Guidelines

provided a series of parameters to assess and compare the social

and environmental performance of indirect suppliers

[G1–2] Management of relationships with suppliers

4

To date the majority of workers of the

Groups critical suppliers are women

approximately 72 and the percentage

of migrant workers is around 4

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