185 ACT On CLIMATe & nATUReACT On CLIMATe & nATURe184 MONCLER GROUP 2023

Adopting energy from renewable sources, improving operational ef- ficiency and using preferred materials are among the fundamen- tal levers of the Moncler Group s strategy to reduce greenhouse gas (GHG) emissions and fight climate change, defined in accordance with the objectives of the United nations 2030 Agenda for Sustain- able development (Sustainable Development Goals SdGs).

In particular, the Moncler Group has committed to reduce by 2030 absolute scope 1 and scope 2 CO2e emissions by 70% (in line with the 1.5° ambition) and scope 3 CO2e emissions by 52% (in line with the Well-Below 2° ambition) per unit sold from a 2021 base year. In addition, the Moncler Group has committed to achieving net zero emissions (net Zero)3 throughout the value chain by 2050.

These objectives were formally approved by the Science-Based Targets initiative (SBTi)4 and considered consistent with the contri- bution required by companies to limit the maximum increase in glob- al temperatures compared to pre-industrial levels.

In addition, the Group is monitoring the development of the GHG Protocol Land Sector and Removals Guidance and the For- est, Land and Agriculture (FLAG) targets set for 2024 to further align with the SBTi guidelines.

For the past three years, the Moncler Group has been com- mitted to transparently reporting and communicating its impact on climate change and progress towards the targets in the CDP Cli- mate Change questionnaire.

THe MOnCLeR GROUP S APPROACH TO neT ZeRO

According to the United nations Intergovernmental Panel on Climate Change (IPCC), net zero emissions (net Zero) are achieved when anthropogenic CO2 emissions are balanced globally by anthropogenic CO2 removals over a speci- fied period . According to the Science Based Targets initiative, the achievement of net zero involves scope 1, 2 and 3 GHG emissions.

Achieving the net Zero emissions target by 2050 is in line with the efforts required by companies in the Paris Agreement to limit the increase in global av- erage temperature to 1.5°C.

This goal requires companies to commit to review processes and ways of doing business. Likewise, companies cannot achieve this result on their own, be- cause this ambition requires a collective effort from all industries and governments.

Companies that commit to achieve net Zero are required to both decar- bonise their footprint as much as possible and neutralise all residual emissions of the entire value chain.

To this regard, the Group s ambition is articulated over two complementary phases. By 2050: 1 Reduce scope 1, 2 and 3 GHG emissions by 90% in line with the Paris

Agreement. 2 neutralise all residual emissions with carbon removals.

FIGHT AGAINST CLIMATE CHANGE

3 Achieving net Zero involves the overall balance between greenhouse gas (GHG) emissions generated and those sequestered by ecosystems, through neutralisation mechanisms. In particular, to achieve net zero emissions, companies have to reduce emissions and neutralise residual emissions.

4 endorsed by CdP, the United nations Global Compact, the World Resourc- es Institute (WRI) and the World Wide Fund for nature (WWF), the Science Based Targets initiative establishes and promotes best practices in setting science-based targets, in addition to evaluating companies objectives.

The Group is aware that the path towards sustainable develop- ment requires policies, tools and actions to protect the environ- ment. Responsibility towards future generations requires a strong commitment to the careful use of natural resources and minimisa- tion of impacts.

ENVIRONMENTAL POLICY As proof of its focus on the environment and its protection, in 2017 Moncler adopted an Environmental Policy. The Policy, updated and adopted at Group level in 2022, and approved by the Board of direc- tors after receiving the opinion of the Control, Risks and Sustainabil- ity Committee, reaffirms constant compliance with all applicable laws and regulations and formalises the Group s commitment to continuously improve its environmental performances in order to reduce its direct and indirect impacts.

The Policy lays down the Group s ambitions in the following areas: fight against climate change; safeguard biodiversity; water and waste stewardship; manufacture of products with preferred 1 materials; spread of a culture of sustainability.

The Moncler Group applies the environmental Policy to all its own op- erations and encourages the adoption across its entire supply chain.

In this regard, the Moncler Group is committed to investing the technical, economic and professional resources necessary to comply fully with the guidelines of the Policy. The document is avail- able in both Italian and english and can be downloaded from the Group s intranet and internet sites.

MANAGEMENT APPROACH A concrete result, that highlights the Group s commitment to environ- mental protection along with its drive towards continuous improve- ment, is represented by maintenance of environmental certification according to the ISO 14001 standard at the production site in Ro- mania, the Italian corporate sites and the logistics hub in Castel San Giovanni (Piacenza)2.

With regards to direct environmental impacts, i.e. those generated by its offices, stores, logistics hub and production sites, in line with pre- vious years the Group focuses its efforts on the following aspects:

monitoring and assessing environmental impacts to identi- fy and implement improvement measures;

purchasing electricity from renewable sources; using more efficient technologies and lighting systems and

environmentally friendly IT tools; using Building Management System (BMS) supervision

tools for integrated and more efficient management of ener- gy consumption;

using technologies to support interaction between employ- ees to reduce the business travel;

using resources efficiently and sourcing from responsibly managed sources;

ensuring engagement and awareness of people through guidelines and programmes to reduce the consumption of paper, plastic, toner, energy and promote waste sorting.

In addition, in 2024 the Moncler Group will begin the process of ob- taining ISO 50001 energy certification for the energy Manage- ment System of its corporate sites in Italy.

due to the nature of its business model, in which production is mainly managed through suppliers, the Moncler Group s most significant environmental impacts are indirect (scope 3). Within the limits of their influence, with the aim to minimize the indirect im- pacts of the manufacture and distribution of their products, Mon- cler and Stone Island encourage production and logistics partners to apply environmental best practices.

ENVIRONMENTAL POLICY AND MANAGEMENT SYSTEM

1 Materials that aim to have a lower impact compared to conventional solutions used by the Moncler Group (e.g., materials that are recycled, organic, or certified according to specific standards).

2 The new Stone Island office in Milan, opened during the second half of 2023, will begin the ISO 14001 certification process in 2024.