71 ReSPOnSIBLe BUSIneSS MAnAGeMenT70 ReSPOnSIBLe BUSIneSS MAnAGeMenT MONCLER GROUP 2023

In identifying the Plan s strategic drivers and relative commitments, the priorities set in the 2030 Agenda for Sustainable development (Sustainable development Goals SdGs) were also taken into ac- count, thereby contributing to achieving them.

Of the 17 macro goals described in the SdGs (such as com- bating inequality and fighting climate change), the Group contrib- utes to 11 of them directly or through organisations with which it collaborates.

THE SUSTAINABILITY PLAN PROCESS The Sustainability Unit, in collaboration with the heads of the rele- vant departments, identifies areas for improvement and the relevant projects and, on this basis, formulates a draft for the Sustainability Plan (planning phase).

The Plan is then submitted to the Strategic Committee of Moncler and Stone Island, which analyse its content and feasibili- ty. In the final stage, the Plan is evaluated by the Control, Risks and Sustainability Committee, which verifies its consistency with the Group s strategy and expresses its opinion to the Board of direc- tors, responsible for formal approval.

Responsibility for achieving the objectives set out in the Sus- tainability Plan lies with the officers of the departments involved, who have the resources, tools and know-how necessary for its imple- mentation (management phase). Within the MBO (Management By Objectives) system, social and environmental targets related to the achievement of the Sustainability Plan are set for everyone involved in the implementation of the Plan itself. With regard to medium-/long- term incentive plans, the share plan performance indicators, starting from the 2020 Performance Shares Plan , also include an eSG Per- formance Indicator, linked to the achievement of specific objectives of the Sustainability Plan. See also pages 100-102.

To ensure compliance with the commitments made, the Sus- tainability Unit requests regular progress reports on the projects from the various functions and, in turn, informs the Control, Risks and Sus- tainability Committee with six-monthly frequency (control phase).

The Plan is then updated annually in order to report on the state of implementation of the projects and to set new objectives with a view to continuous improvement, in the awareness that sustainabil- ity is not a destination, but a process of continuous improvement.

TARGeTS 2023 ReSULTS

ACT On CLIMATe & nATURe

RedUCe CO2 eMISSIOnS [SdG 7; 13]

2030 Reduction of 70% in absolute scope 1 and 2 CO2e emissions vs 2021 (in line with the Science-Based Targets 1.5° ambition)

-36% vs 2022 absolute scope 1 and 2 emissions CO2e

2030 Reduction of 52% in scope 3 CO2e emissions per product unit sold vs 2021 (in line with the Science Based Targets Well-Below 2° ambition)

-8% vs 2022 absolute scope 3 CO2e emissions (-3% vs 2022 scope 3 CO2e emissions per product unit sold)

2050 net zero

OnGOInG 100% carbon neutral at all directly managed corpo- rate sites worldwide (offices, stores, production sites and logistics hub)

Carbon neutrality maintained in directly managed corporate sites worldwide (offices, stores, production sites and logistics hub)

2023 100% renewable energy at all directly managed cor- porate sites worldwide (offices, stores, production sites and logistics hub)

100% of electricity used at directly managed corpo- rate sites worldwide from renewable sources (~90% in 2022)

2024 90% of low environmental impact vehicles in the Group s corporate car fleet worldwide

Approximately 85% hybrid and electric vehicles in the Group s corporate car fleet worldwide

OnGOInG Leed certification for all new corporate buildings Leed for Building design and Construction certifica- tion obtained for the expansion of the production site in Romania

2023 Leed certification for all new stores*

*Excluding shops-in-shops

Continued the Leed certification process at the Group s new stores worldwide

neutralised unavoidable residual emissions through two projects certified on the voluntary market and fo- cusing respectively on circular economy and renew- able energy

OnGOInG Promotion of measures for energy efficiency and re- newable energy throughout the supply chain

Continued the energy assessment process through- out the supply chain to identify concrete actions to reduce energy consumption and related CO2 emis- sions and to promote the use of energy from renew- able sources

SAFeGUARd BIOdIVeRSITY [SdG 6; 12; 14; 15]

2024 NEW Update of the analysis of impacts of strategic raw ma- terials on biodiversity

2025 Support for initiatives of Zero deforestation and sus- tainable forest management

All paper and cardboard used by the Group are from responsibly managed forests

Started round tables on the eU deforestation Regula- tion

Target achieved Target on time Target delayed