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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

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