Moncler Group | Annual Report 2024 Glossary 498 Moncler Group | Annual Report 2024 Glossary 499

AMERICAS

North and South America.

APAC

China, South-East Asia, Australia and New Zealand.

ASIA

APAC, Japan and Korea.

AUDIT

Systematic and documented assessment (by an independent

body) to verify compliance with the requirements of a given

law/standard of reference.

BIODIVERSITY

Biodiversity is all the dif ferent kinds of life in one area—the

variety of animals, plants, fungi, and even microorganisms like

bacteria that make up our natural world.

CAGR (COMPOUNDED ANNUAL GROWTH RATE)

Compounded Annual Growth Rate.

COMPARABLE STORE SALES GROWTH (CSSG)

Growth at comparable exchange rates of revenues generated

by directly managed stores DOS (excluding outlets) which have

been opened for at least 52 weeks and by the online store

(.com); stores that have been extended and/or relocated are

excluded from the calculation.

CONCESSION

Directly operated mono-brand retail store located on the premises

of a department store/shopping mall.

DEPARTMENT STORE

Large retail establishment with an extensive assortment in variety

and range of goods, organised into separate departments.

DIRECTTOCONSUMER DTC

Distribution channel that includes both revenues generated

by the physical stores directly managed DOS and by the direct

online channel

DIRECT EMISSIONS SCOPE 1

Air polluting emissions originating from combustion processes

involving equipment controlled or owned by the organization

DOS

Directly Operated Store including freestanding stores

concessions travel retail stores and factory outlets

DOORS

Wholesale stores, both multi-brand and mono-brand, where

the brands are present.

EBIT

Earnings Before Interest and taxes (Operating results).

EBITDA

Earnings before Interest, Taxes, Depreciation and Amortisation.

E-CONCESSION

Online sales generated through third-party digital platforms

and managed directly by the brand.

EMEA

Europe, United Kingdom, Middle East and Africa.

E-TAILER

Shop on digital platforms managed by third parties.

FAÇONISTA / FAÇON MANUFACTURERS

Third party supplier carrying out “cut-make-trim” phase

(façon) of the production cycle according to the so-called

industrialised method.

FLAGSHIP STORE

A mono-brand retail store which by its size and/or location

conveys the philosophy and image of the brand.

FREE STANDING STORE

A retail store that is located directly on a street,

i.e. not in a department store or shopping mall.

FULL TIME EQUIVALENT (FTE)

Average annual number of employees equivalent

to full-time workers.

IFRS 16

Accounting principle that requires companies to recognise in their

accounts the righttouse of leased assets and the related liability

corresponding to the obligation to make lease payments

Assets and liabilities arising from leases are measured on

a present value basis

INDIRECT EMISSIONS SCOPE 2

Emissions from the generation of purchased electricity whose

physical production occurs outside the company and which is

therefore purchased from outside suppliers

Glossary

INDIRECT EMISSIONS (SCOPE 3)

Indirect emissions due to the company’s activities. This category

includes sources of emission that are not under the company’s

direct control, but whose emissions are indirectly caused

by its activities. They are divided into 15 categories according

to the indications of the GHG Protocol.

ISO 14001

Voluntary standard developed by the International Organization

for Standardization (ISO), def ining the requirements

of environmental management systems.

ISO 45001

Voluntary standard published by the British Standards Institution,

def ining the requirements of occupational health and safety

management systems.

KEY MONEY

An amount of money paid by the assignee to the assignor of

lease agreements in retail properties, representing the goodwill

connected to the prestige of a specif ic location.

MONO-BRAND STORE

Retail store that exclusively sells clothing, accessories,

and products of a specif ic brand.

MULTI-BRAND STORE

Retail store that sells dif ferent brands of clothing, accessories,

and products.

NET ZERO

Net zero emissions are achieved when greenhouse gases (GHG)

produced are balanced overall by the ones absorbed by the

ecosystems through neutralisation mechanisms. In particular,

to contribute to the achievement of net zero emissions, companies

have to reduce emissions and neutralise residual emissions.

NUOVO LUSSO

A concept that embraces the search for experientiality inclusivity

a sense of belonging to a community and the mixing of diverse

meanings and worlds including those of art culture music

and sport

OUTLET

A shop that sells products and collections from previous years

and seasons at discount price

PREFERRED MATERIALS

Materials that aim to have a lower impact than conventional

solutions used by the Moncler Group (e.g., materials that are

recycled, organic, or certif ied according to specif ic standards).

RETAIL

Distribution channel directly managed by the Group.

SCIENCE-BASED TARGETS

GHG emissions reduction target based on climate science and

in line with the decarbonisation ef forts needed to keep the

global temperature rise to 1.5°C above pre-industrial levels.

SHOP-IN-SHOP

A dedicated mono-brand selling space located in and managed

by a department store.

SHOWROOM

Space used to display and sell an apparel company’s products

to wholesale clients.

SRI (SOCIALLY RESPONSIBLE INVESTOR)

Financial operator who integrates standard f inancials with

environmental, social, and governance considerations.

STAKEHOLDER

Every entity that has a legitimate interest

in the activity of an organisation and inf luences or is inf luenced

by the organisation’s decisions.

SUPPLY CHAIN

Distribution processes that begin with the supply of raw materials

or components and end with the customer, encompassing all

phases of production, wholesale and retail.

TRAVEL RETAIL STORE

Point of sale located in places where there is a high f low

of travelers such as airports and train stations

WHOLESALE

Distribution channel owned by a third party that manages

the products it buys and resells them on its own

WHOLESALE MONOBRAND STORE

Shopinshops SIS and all monobrand stores that

are not directly managed by the Group