Moncler Group | Annual Report 2024 Board of Directors’ Report 324 Moncler Group | Annual Report 2024 Board of Directors’ Report 325

RISK DESCRIPTION MITIGATION ACTIONS

Introduction of regulations aimed at mitigating

climate change (transition risk – long term)

The adoption of energy and climate policies

to limit emissions could potentially have

an impact on business in terms of taxation

on generated emissions.

The risk did not exceed the materiality threshold

of the double materiality assessment.

⚫

As recommended by the guidelines of the Science

Based Targets initiative, the Group committed

to reduce by 2030:

⚪

absolute scope 1 and scope 2 CO2e emissions

by 70% compared with 2021;

⚪

scope 3 CO2e emissions per unit of product sold

by 52% compared with 2021.

Lastly, the Group is committed to achieving net zero

emissions by 2050.

For direct activities, in line with the commitment

of the Science Based Targets, the Group has

def ined a strategy and to date has achieved the

following results:

⚪

100% renewable energy (e.g. through the

purchase of energy from renewable sources,

renewable energy certif icates (RECs) and

guarantees of origin (GOs)) at corporate sites

worldwide since 2023;

⚪

98% of low environmental impact vehicles in the

Group’s corporate car f leet worldwide in 2024

(see page 113 for more details);

⚪

energy eff iciency initiatives:

⚫

over the years, traditional lighting systems

have been replaced with LED lights

and thermal insulation systems have been

adopted to ensure greater energy eff iciency.

To date 99% of Moncler stores worldwide

(100% in the United States, Korea, Japan

and Europe) have LED lighting systems;

⚫

application of the Building Management

System (BMS) at Moncler stores

for more eff icient management

of energy consumption;

⚫

progressive replacement of air conditioning

and gas heating systems with more

eff icient systems;

⚫

where necessary, replacement of obsolete

off ice windows to ensure thermal insulation.

⚫

With reference to the supply chain, the Group

is collaborating with its suppliers to continue energy

assessment activities aimed at identifying concrete

actions to reduce energy consumption and the

promotion of energy from renewable sources, as well

as to initiate support activities for suppliers

for the def inition of CO2 reduction targets; it also

collaborates with its suppliers to promote the

production of materials with a lower impact than

conventional solutions in order to reach over 50%

of yarns and fabrics with “preferred” materials in the

2025 collections

OPPORTUNITY DESCRIPTION ADAPTATION AND MITIGATION ACTIONS TO

REALISE THE OPPORTUNITY

Increase in resource eff iciency (medium term)

The eff icient use of resources, such

as electricity, at the Group’s sites and operations

may lead to a reduction in the energy used

a

nd the emissions generated, with a consequent

reduction in operating costs.

The opportunity did not exceed the materiality

threshold of the double materiality assessment.

⚫

The Group has implemented, and continues

to implement, various eff iciency measures:

⚪

environmental certif ications: the corporate sites

of Moncler and Stone Island are ISO

14001 certif ied; the logistics hub of Castel

San Giovanni (Piacenza) has obtained BREEAM

certif ication; in 2024, the Group implemented

the Energy Management System according to the

ISO 50001 standard for the off ices, the logistics

hub and some of the production sites in Italy.

In addition, all new corporate buildings and new

stores are LEED certif ied. Compliance with

certif ication and standard criteria results

i

n increased energy eff iciency of the buildings

and of continuous improvement;

⚪

energy eff iciency initiatives: over the years,

traditional lighting systems have been replaced

with LED lights and thermal insulation systems

have been adopted to ensure greater energy. To

date 99% of Moncler stores worldwide (100%

in the United States, Korea, Japan and Europe) have

LED lighting systems;

⚪

application of the Building Management System

(BMS) at Moncler stores for more

eff icient management of energy consumption.

Change in client purchasing dynamics (long term)

Increasing awareness of clients with respect

to climate change topics has been registered,

especially among younger generations.

Clients are paying increasing attention to the

e

nvironmental impact of the fashion industry

and showing growing interest in lower impact

products and more responsible companies.

The opportunity did not exceed the materiality

threshold of the double materiality assessment.

⚫

Since 2021, the Group has already been working

on the integration of materials with a lower impact

than the conventional solutions used by the Group

in order to reach more than 50% of yarns

and fabrics with “preferred” materials in the

2025 collections.