189 ACT On CLIMATe & nATUReACT On CLIMATe & nATURe188 MONCLER GROUP 2023

ENERGY EFFICIENCY INITIATIVES With regards to energy efficiency, also in 2023 Moncler continued the installation of low-consumption lighting systems and the opti- misation of heating and air conditioning systems.

At the Moncler corporate sites, in line with the previous years, refurbishment and installation of more efficient lighting systems continued, through the replacement of traditional lighting systems with Light-Emitting Diode (Led) bulbs and thermal insulation sys- tems to ensure greater energy efficiency.

To date, the entire production site in Romania and the logis- tics hub in Castel San Giovanni (Piacenza) are equipped with Led systems. At the corporate site in Milan, almost all lighting systems are more efficient than conventional systems, while at the corpo- rate site in Trebaseleghe (Padua), approximately 90% of lighting sys- tems are energy efficient. With regard to Stone Island, in 2023, Led lighting was recovered and implemented at its raw materials ware- house. In addition, the Ravarino Hub (Modena) will be equipped with full Led lighting systems in 2024.

In 2023, additional investments were made to install heat pumps at the Moncler office in Trebaseleghe (Padua) in order to implement more efficient systems and reduce the use of energy from fossil sources. At Ravarino Hub (Modena), in 2024, the new heating systems will be implemented and enhanced with addition- al heat pump systems.

The Moncler Group is committed to continuing the process of improving its energy performance at its most relevant corporate sites in terms of energy consumption. To this regard, in 2023, an energy assessment campaign was conducted at various corporate offices, including the Moncler site in Trebaseleghe, the Stone Island site in Ravarino (Modena) and the Moncler headquarters in Milan in order to identify further energy efficiency opportunities.

To date, more than 99%13 of Moncler stores worldwide (100% in the United States, Korea, Japan and europe) is equipped with Led lighting. The same type of system has been adopted and will be ad- opted by all new Stone Island stores at global level.

The latest-generation Led, in addition to offering excellent light quality, ensures an estimated energy savings of up to 80% compared to previously-used lighting systems, while also generat- ing less residual heat. In terms of environmental impact, Led lights have an average lifespan that is significantly longer than traditional lights and are almost entirely made from recyclable material.

The investments made in 2023 to install or replace tradition- al lights with Led lighting systems in corporate sites amounted to about 2.5 million euros14.

In line with previous years, also in 2023, the Group continued to implement activities aimed at renewing store electrical systems using new technologies that ensure energy-saving.

In this regard, in 2021 Moncler began equipping stores with Building Management System (BMS) for the integrated manage-

% RENEWABLE ENERGY

41%

50%

80%

88%

100%

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13 excluding the shop-in-shops where lighting systems are provided by the host department stores (18 at global level), and on which, therefore, Moncler cannot take action. However, by the end of 2023, such shop-in- shops were equipped with Led lighting systems.

14 In 2023 also investments in Led systems in Korea and Japan were included.

ment of all the technological functions of each space, from access control to lighting and air conditioning, with the aim of implement- ing more efficient management of energy consumption.

LEED AND BREEAM ENVIRONMENTAL CERTIFICATIONS Since 2021 the Group has initiated an environmental and energy certification process for its stores and all new constructions of cor- porate buildings according to the Leed standard. By adopting this certification, combined with other energy efficiency measures and the installation of Led lights, the Group ensures to reduce electrici- ty consumption and related CO2 emissions in the long term.

From 2023 onwards, the Moncler Group is committed to ob- taining Leed certification for all new stores15.

In view of this objective, the Moncler Group currently has: five stores certified to the Leed standard for Building Op-

erations and Maintenance and six stores under certification process;

15 stores certified according to the Leed Interior Design and Construction standard and 13 stores under certification.

With regard to production sites, in 2023 the Group obtained Leed Building Design and Construction certification for the expansion of the plant built in Romania.

Lastly, in 2021 BReeAM In-Use certification (excellent level) was obtained for the logistics hub in Castel San Giovanni (Piacen- za), proving a more efficient management of the building and an en- ergy and environmental performance improvement.

CAR FLEET during the year the Group continued to introduce low environmen- tal impact vehicles into the car fleet. In 2023 the Moncler Group s hybrid and electric corporate vehicles represent around 85% of to- tal vehicles. The Group s objective is to continue to introduce this type of vehicle, reaching 90% coverage by 2024.

CARBON NEUTRALITY In 2023, in line with the objectives of the Strategic Sustainabili- ty Plan, the Group maintained carbon neutrality16 for all corporate sites worldwide.

In order to maintain carbon neutrality, and in line with what was done in recent years, residual unavoidable emissions (reduced compared with the previous year) were compensated through two projects certified on the voluntary market and focused, respective- ly, on the circular economy and renewable energy, demonstrating the Group s commitment to mitigate its impacts beyond its value chain. The first project supported, certified according to Gold Stan- dard, relates to the expansion of a plastic waste recycling plant in Romania. This initiative adds to the contribution towards the instal- lation of a photovoltaic system certified according to the Verified Carbon Standard in Mauritius. The two projects are important not only from an environmental point of view but also from a social per- spective as they have created new job opportunities and raised awareness among local communities, especially in schools, on en- vironmental topics and the importance of recycling and of sustain- able management of local resources.

To monitor the reduction and compensation of greenhouse gas emissions at its sites, the Group on an annual basis:

monitors the implementation of the Group guidelines for the procurement of renewable energy;

collaborates with the relevant corporate departments to con- tinuously identify areas for improvement in energy efficiency;

monitors energy consumption and related CO2 emissions us- ing dedicated company tools and with the support of a con- sulting firm;

collaborates with recognised partners to purchase renew- able energy certificates (eACs) and CO2 credits aligned to major international standards such as the Gold Standard or Verified Carbon Standard (VCS).

15 excluding shop-in-shops. 16 Achieving carbon neutrality involves reducing impacts through CO2

emission reduction activities such as purchasing energy from renewable sources, using more efficient lighting systems, using vehicles with low environmental impact and neutralising residual emissions with carbon credits generated by positive impact projects. each credit, certified accord- ing to international standards, such as the Gold Standard or Verified Carbon Standard (VCS), certifies that a tonne of CO2 has been reduced or removed from the atmosphere.