Moncler Group | Annual Report 2024 Board of Directors’ Report 97 Moncler Group | Annual Report 2024 Board of Directors’ Report 96
Corporate governance system
The corporate governance system adopted by Moncler S.p.A
(hereinafter also Moncler or the Company) plays a central
role in the clear and responsible conduct of the operations
of the Moncler Group (the Group), signif icantly contributing
to the creation of sustainable medium-to-long term value
for both shareholders and all stakeholders, in accordance
with the best principles of social responsibility applicable
in all countries in which Moncler operates.
This system is built in compliance with the recommendations
of the Corporate Governance Code approved by the Corporate
Governance Committee of Borsa Italiana S.p.A., to which Moncler
adheres, as well as the laws and regulations governing listed
companies, based on four pillars:
• the central role of governing and control bodies;
• the transparency of management decisions;
• the careful and informed monitoring of transactions with
related parties and the handling of inside information;
• compliance with the values set out in the Code of Ethics
and company policies, along with the ef fectiveness
and ef f iciency of the Internal Control and Risk Management
System (ICRMS).
Moncler has adopted a traditional governance and control system,
consisting of two corporate bodies appointed by the Shareholders’
Meeting, which expresses the will of the Shareholders with its
resolutions: the Board of Directors (which, in turn, appoint three
Board Committees) and the Board of Statutory Auditors.
As part of the ICRMS adopted by Moncler, the Supervisory
Body has also been appointed. In addition to the latter,
the Compliance function, which operates as a second-level control
function, the Internal Audit function, which operates as
a third-level control function, the Director in charge of the ICRMS,
the Control, Risks and Sustainability Committee and the Board
of Statutory Auditors all play important roles within the ICRMS
[GOV–1] The role of the administrative, management and
supervisory bodies; [GOV–2] Information provided to
and sustainability matters addressed by the undertaking’s
administrative, management and supervisory bodies
The Moncler Group’s 2024 Consolidated Sustainability Statement
(also “Sustainability Statement” or “Statement”) is prepared
in compliance with Legislative Decree n. 125 of 6 September 2024
and the European Sustainability Reporting Standards (ESRS).
The qualitative and quantitative data and information
contained in the 2024 Sustainability Statement refer
to the performance of the Moncler Group (hereinafter also
“the Group”) for the year ended 31 December 2024.
This Statement has been prepared on a consolidated basis,
including the data of the parent company (Moncler S.p.A.)
and its subsidiaries; therefore, the scope of consolidation
corresponds to that used for the Consolidated Financial
Statements of the Group. It should be noted that the paragraph
dedicated to the description of the corporate governance
model refers to the parent company, Moncler S.p.A., which plays
a central role for the clear and responsible conduct of
the Moncler Group’s operations.
The impacts, risks and opportunities related to the upstream value
chain (e.g. the supply chain) and downstream value chain
(e.g. clients) identif ied as a result of the double materiality process
also fall within the reporting scope.
Moncler Group’s Sustainability Statement has been approved
by the Board of Directors, after being examined by the Control,
Risks and Sustainability Committee and is subject to the issuance
of a conformity opinion by the auditing f irm, Deloitte & Touche S.p.A.,
in the form of a limited assurance.
This is the English translation of the original Italian document
“Rendicontazione Consolidata di Sostenibilità”. In any case of
discrepancy between the English and the Italian versions, the original
Italian document is to be given priority of interpretation for
legal purposes.
The Group reports information useful for the disclosure according
to the requirements of Article 8 of the Delegated Act of the EU
Taxonomy Regulation 852/2020 and takes also into account
the recommendations set by the Task Force on Climate-related
Financial Disclosures (TCFD) for the voluntary dissemination
of transparent reporting on climate change-related risks
and opportunities.
The paragraph “[IRO–2] Disclosure requirements in ESRS
covered by the undertaking’s sustainability statement”
(pages 130–140) includes the list of Disclosure Requirements, the
adoption of phasein measures and information deriving from
other European regulations The information reported with
reference to each Disclosure Requirement depends on the results
of the double materiality analysis conducted
For the metrics related to the calculation of scope 3 emissions
and indirect water consumption where the upstream andor
downstream value chain data have been estimated on the basis
of indirect sources the estimation methodology and any related
areas of uncertainty are described in section E16 Scope 1 2 3
GHG emissions and total GHG emissions at the paragraph Scope
3 CO2e emissions and in section E32 Actions and resources
related to water
When referring to short, medium and long-term time horizons,
reference is made respectively to periods of one year, within
f ive years and more than f ive years, in line with the provisions
of paragraph 6.4 of ESRS 1.
The requirement to outline any changes in the preparation
and presentation of sustainability information compared with
previous reporting periods is not applicable for 2024 as it is the f irst
reporting year under the Corporate Sustainability Reporting
Directive (CSRD). The Group describes the data relating
to the reporting period (1 January 2024 – 31 December 2024),
also providing where possible data relating to the previous
year for comparison
[BP–2] Disclosures in relation to specif ic circumstances
[BP–1] General basis for preparation of
sustainability statements