193 ACT On CLIMATe & nATUReACT On CLIMATe & nATURe192 MONCLER GROUP 2023

In 2023 the Group s scope 3 emissions, calculated for all rele- vant categories (see also page 182), were approximately 240,000 tonnes of CO2e, down by approximately 8% in absolute terms compared to the previous year.

SCOPE 3 INDIRECT CO2e EMISSIONS

TONNES OF CO2e Moncler Group 2023 2022 20215 Indirect emissions (scope 3) 240,32519 260,34320 217,226 Purchased goods and services 164,083 190,479 155,867 Capital goods 15,939 16,594 15,416 Fuel- and energy-related activities 1,103 872 802 Third-party warehouses 555 478 407 Transportation and distribution 27,925 27,33923 23,493 of which by ship 219 164 311 of which by air 25,606 24,976 20,899 of which by road/train 2,100 2,199 2,283 Waste 114 75 72 Business travel 2,069 1,070 592 employee commuting 12,912 7,619 6,822 Use of sold product 11,446 11,634 10,294 end-of-life treatment of sold products 4,180 4,183 3,461

The CO2 emissions generated by the production of raw materials, textile processing and the production of finished garments represent the most significant contribution of the Group s carbon footprint. In 2023, the Group made significant improvements to the completeness and quality of the data collected from its suppliers by leveraging the information gathered during the supply chain traceability project and the support activities on energy topics carried out for its suppliers.

In 2023 these emissions decreased by about 14% compared to the previous year. This reduction is mainly due to the inclusion in the collections of preferred materials such as nylon and polyes- ter made with recycled raw materials and organic cotton (for exam- ple, the Group included more than 40% synthetic fibres made with recycled material and more than 10% organic cotton in its SS and FW 23 collections). The Group expects that over the years these choices, along with the other activities implemented along the sup- ply chain (see also pages 71-72; 161-163) will continue to contrib- ute to reducing CO2 emissions in line with the commitments made with the SBT initiative.

In 2023, the Group s logistics emissions were approximately 27,925 tonnes of CO2e . The Moncler brand s total CO2 emissions from industrial and distribution logistics increased less than pro- portionally to the increase in the volumes transported. The Group s efforts focused mainly on optimising the volumes of distribution logistics and promoting less impactful transport methods. In this regard, in 2023 the Moncler brand s emissions from distribution lo- gistics decreased by 5% compared to 2022.

In 2023 capital goods emissions accounted for approximate- ly 7% of the total. Such emissions mainly relate to the renovation and expansion of offices, production sites and stores, as well as the purchase of machinery by the Group.

emissions from business travel and commuting increased compared to 2022 due to the higher number of Group employees, particularly at the production site in Romania and the Italian cor- porate sites.

STRATEGIC AREAS FOR SCOPE 3 EMISSIONS MITIGATION In line with the commitment set in the Science-Based Targets to reduce scope 3 CO2e emissions per product unit sold by 52% by 2030 from a 2021 base year, the Moncler Group is implementing various initiatives across the following strategic areas:

the progressive introduction of preferred materials into the collections;

promotion of regenerative agriculture projects; the decarbonisation of the supply chain through energy ef-

ficiency measures and the adoption of energy from renew- able sources;

the optimisation and efficiency improvement of the logis- tics system;

the development and implementation of initiatives to pro- mote sustainable mobility among employees.

19 The figure is calculated by applying location-based emission factors to all scope 3 categories except for the category Third-party warehouses and Purchased goods and services . The emissions associated with these categories, for which primary data is available, have been included in the calculation by applying the relevant market-based emission factors.

20 The figure is calculated by applying location-based emission factors to all scope 3 categories except for the category Third-party warehouses . The emissions associated with this category, for which primary data is available, have been included in the calculation by applying the relevant market-based emission factors.

21 In 2023 CO2e emissions were calculated using regionalised emission fac- tors for both the raw materials farming phase and production processes along the supply chain of the most important material codes for the Group. This was made possible by the information collected for the purposes of the Group s traceability objectives.

22 In 2023 primary data on energy consumption from certain suppliers were used, gathered both through onsite energy assessments and a data collection activity covering specific information on energy practices at the production sites of direct and indirect suppliers.

23 In 2022 the perimeter was further expanded to include additional flows such as returns from the e-commerce channel in the eMeA and Americas Regions and shipments of packaging from suppliers to local warehouses.

24 Well-to-Wheels (WtW) value. emissions from logistics transport have been calculated in accordance with the GLeC Framework 2.0.

25 distribution logistics is responsible for management of transport and dis- tribution of finished products to clients. Industrial logistics, on the other hand, deals with the management of material flows upstream in the supply chain.

26 In line with the recommendations of the Science-Based Targets initiative, the scope 3 emissions covered by the objective do not include emis- sions associated with the use of sold product.

PREFERRED MATERIALS Among the raw materials used, wool and cotton are the main source of CO2 emissions, followed by synthetic materials, such as nylon and polyester.

In order to achieve its climate targets, in 2023 the Group im- plemented a series of initiatives to promote the introduction of prod- ucts made with preferred raw materials into its new collections. The Moncler Group has taken steps to review its supply choices, for example by replacing virgin materials with alternatives made with recycled, organic or regenerative raw materials that guarantee a re- duction in terms of emissions generated.

The Moncler Group has identified a set of intermediate targets to be achieved by 2025:

50% preferred nylon; 50% preferred cotton; 70% wool certified Responsible Wool Standard (RWS).

The objectives listed above contribute to achieve the target of more than 50% of yarns and fabrics made with preferred materials in all collections by 2025.

The progress made towards these objectives in 2023 is pre- sented in the chapter Think Circular and Bold . See also pages 161-163.

In addition, in line with the commitments made, in 2020 Mon- cler drew up the Guidelines for preferred materials, a protocol that summarises the criteria and thresholds for guiding the choice of materials, accessories and production processes for lower-impact products. The protocol evolved into the Raw Materials Manual, which was drafted in 2023. The Group aims to have 100% of its strategic raw materials in line with the Raw Materials Manual by 2024.

The Moncler Group is also committed to reduce the con- sumption of packaging materials and to research and apply lower impact alternatives. In recent years, the Group has launched a se- ries of programmes for improving packaging design focused mainly on recyclability, re-usability27 and durability as well as on reducing the materials used. See also pages 72; 164-169.

Since 2022, packaging intended for the end client and, start- ing from 2023, the packaging for logistics have been respectively made with preferred materials.

REGENERATIVE AGRICULTURE The Moncler Group supports projects dedicated to regenerative farm ing practices within the cotton and wool supply chains, with mit- igation effects on both CO2 emissions and the impact on biodiversity.

In particular, in 2023 the Moncler Group was committed to various regenerative agriculture projects and to supporting the im- plementation of new methods for measuring impacts in line with the most recent greenhouse gas emission frameworks. More details on the projects developed in 2023 can be found in the section Safe- guard Biodiversity . See also pages 198-199.

The Group also monitors the development of the GHG Proto- col Land Sector and Removals Guidance and the SBTi FLAG in or- der to include the assessment of the impacts of these projects in its strategy. In this regard, the Group will calculate its FLAG emis- sions in 2024.

DECARBONISATION OF THE SUPPLY CHAIN In 2021 the Group began mapping its energy consumption and type of energy used along the supply chain in order to integrate prima- ry data from production processes into the Group s footprint and identify, together with its suppliers, opportunities for energy effi- ciency improvements and the transition to energy from renewable sources. This activity, which continued in 2022 with regard to direct suppliers, was extended to indirect suppliers in 2023. This process, supported by external partners for the data verification phase, al- lows the Group both to improve the quality of the data used in cal- culations of environmental impacts and to monitor the virtuous actions implemented by its suppliers over time.

In addition, the Moncler Group continues to collaborate with its suppliers to encourage the energy transition in its supply chain. In this regard, in 2023 the Group carried out an energy assessment programme involving a total of approximately 15 direct suppliers. These assessments, financed by the Group and carried out by spe-

27 This refers to the ability of a product to be used multiple times or in multiple contexts without losing its functionality, performance or quality.