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INDEX 10 LETTER TO STAKEHOLDERS 12 THE RESULTS OF OUR EFFORTS

MONCLER 18 VALUES AND PURPOSE

22 STRATEGY

24 A HISTORY OF INNOVATION DEEPLY ROOTED IN TRADITION

30 MARKET PRESENCE

34 FINANCIAL PERFORMANCE 34 Results 38 Creating value for stakeholders

RESPONSIBLE BUSINESS MANAGEMENT 44 GOVERNANCE MODEL 44 Corporate Governance 47 Sustainability Governance 47 Code of Ethics

52 RISK MANAGEMENT 52 Enterprise Risk Management Model 54 Environmental, social and compliance risks

58 CREATING SUSTAINABLE VALUE 58 Materiality matrix 59 Dialogue with stakeholders 64 Sustainability Plan

NURTURE GENIUS 74 EMPLOYEES IN NUMBERS 74 Geographical areas and professional categories 76 Age, length of service and education level 78 Nationality of local management 78 Employment contracts 78 Turnover

80 MANAGEMENT AND DEVELOPMENT 80 Recruitment 83 Training 87 Remuneration 89 Benefits 90 Development 90 Employee engagement

94 DIVERSITY AND EQUAL OPPORTUNITIES

98 OCCUPATIONAL HEALTH AND SAFETY 98 Management system 101 From prevention to control 102 Training and information 102 Health and wellbeing

104 INDUSTRIAL RELATIONS

BE FAIR 110 SUPPLY CHAIN PROFILE 115 Supply Chain Excellence

116 RESPONSIBLE SOURCING 121 Animal welfare and traceability

124 DIALOGUE TO GROW TOGETHER

128 CLIENT EXPERIENCE 2.0 131 Wholesale Excellence 131 Understanding and fulfilling customer expectations

134 FIGHT AGAINST COUNTERFEITING

138 TRANSPARENT AND RESPONSIBLE COMMUNICATIONS 140 Digital strategy

THINK CIRCULAR 146 STYLE

148 PRODUCT AND INNOVATION 152 Packaging

154 QUALITY AND SAFETY 154 Product quality and safety 158 Down quality

6 ACT ON CLIMATE CHANGE 164 ENVIRONMENTAL POLICY AND MANAGEMENT SYSTEM

166 RESOURCE MANAGEMENT AND CONSUMPTION 166 Energy consumption and CO2 emissions 171 Waste 172 Logistics system

GIVE BACK 178 SUPPORTING LOCAL COMMUNITIES 182 Support to scientific research 182 Initiatives for the social and economic development of communities 185 Support to the populations in emergency situations

8 APPENDIX 189 GUIDE TO THE REPORT

191 ADDITIONAL INFORMATION

200 STATEMENT OF ASSURANCE

204 GRI CONTENT INDEX

214 GLOSSARY

216 CONTACTS

32

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