Moncler - Annual Report 2024

Moncler Group | Annual Report 2024 492 |

Deloitte & Touche under Article 11 of EU Regulation 537/2014 and issued on 14

March 2025, and found that the report did not reveal any significant deficiencies

in the internal control system with regard to the financial reporting process. The

content of that report was then discussed and investigated further during the

periodic exchanges of information between the Board of Statutory Auditors and

the external auditing firm.

5.3 Sustainability reporting process

The Board of Statutory Auditors recalls that, starting from the financial year 2024,

pursuant to Legislative Decree 125/2024 transposing the CSRD, the Company is

required to prepare and include sustainability reporting ("Sustainability

Reporting") in a special section of the Board of Directors’ Report.

As provided for in Article 10, paragraph 1 of Legislative Decree 125/2024, the

Board of Statutory Auditors, within the framework of performing the functions

assigned to it by the regulations, monitored compliance with the provisions of

Legislative Decree 125/2024. In particular, it monitored compliance with the

provisions governing the preparation and publication of Sustainability Reporting,

also taking into account the provisions of Regulation (EU) 2020/852 (so-called

Taxonomy Regulation). The Board of Statutory Auditors also supervised the

process of producing the information included in the Sustainability Report.

As part of its supervisory activities, including by attending meetings of the Board

and Board Committees, the Board of Statutory Auditors noted that during 2024,

the Company, with the support of an external consultant, worked on the

development of an internal control system for sustainability (ICSS), in compliance

with the European Sustainability Reporting Standards ("ESRS") (prepared by

EFRAG and issued by the European Commission under Commission Delegated

Regulation (EU) 2023/2772).

The project included a first phase dedicated to defining the governance model of

the ICSS

Subsequently the processes roles and responsibilities operating model

supporting tools information flows and coordination methods between the

Sustainability Function and the other corporate functions involved in the

sustainability information gathering process were identified

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