| ’Moncler Group | Annual Report 2024 Board of Directors’ Report 322
Mapping risks and opportunities according to the TCFD framework
RISK DESCRIPTION MITIGATION ACTIONS
Intensif ication of extreme and chronic climatic
phenomena (physical risk – long term)
The progressive intensif ication of extreme
and chronic climatic phenomena (heavy rainfall,
tornadoes, heat or cold waves, storms,
f ires, drought phenomena, etc.) could potentially
impact the physical operational sites of the
Group and its supply chain, resulting in possible
disruption or reduction of production levels
(business continuity) or a potential increase
in production costs.
The risk did not exceed the materiality threshold
of the double materiality assessment in relation
to the supply chain.
⚫
The Group has adopted insurance cover aimed
at limiting the economic impact of any
damage caused by extreme climatic events.
⚫
For its sites, the Group carried out a detailed
assessment of physical climate-related
risks (e.g. the area’s exposure to hydrogeological
and geomorphological risks). Based on the
results of the risk assessment, the Group adjusts
the project design to minimise its exposure
to the identif ied risks.
⚫
The Group has def ined specif ic action plans
to deal quickly and effectively with any
emergency situations relating to its logistics
services or its supply chain in order to guarantee
business continuity.
⚫
The Group has adopted a procurement strategy
aimed at diversifying its supply chain as much
as possible both in geographical terms and in
terms of independence from individual suppliers.
Change in client purchasing dynamics (transition
risk – long term)
The increasing sensitivity of end and wholesale
clients towards companies with strong
social and environmental commitments, as well
as products with lower environmental impact,
could directly ref lect on purchasing preferences.
⚫
The Group pays particular attention to create value
for its clients and establish relationship of trust;
to this end, a Strategic Sustainability Plan has been
def ined and achievement of its targets
is periodically and transparently reported
in the
Group’s public documentation, which
describes
the commitment to sustainable development
and underlines how environmental and social
responsibility are increasingly an integral part
of the business model, focusing on f ive strategic
priorities: climate change and biodiversity,
the circular economy, responsible sourcing, valuing
diversity and supporting local communities.
⚫
The Group has def ined targets related to the use
of lower impact materials compared
with conventional solutions used by the Group:
⚪
over 50% of yarns and fabrics with
“preferred”12 materials in the 2025 collections;
⚪
50% “preferred” nylon by 2025;
⚪
50% cotton from organic/regenerative
agriculture or recycled by 2025;
⚪
70% wool certif ied to specif ic standards, such
as the Responsible Wool Standard, by 2025.
In the SS and FW 2024 collections, the Group
has included more than 50 recycled nylon about
37 preferred cotton and about 70
certif ied
wool for example the Responsible Wool Standard
RWS Nativa and Sustainawool To date over 43
of fabrics and yarns consist of preferred materials
12
Materials that aim to have a lower impact
than conventional solutions used by the
Moncler Group eg materials that are
recycled organic or certif ied according
to specif ic standards
.
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