The Internal Audit department carries out periodic on- site audits at Group companies to verify the adoption of controls to mitigate the risk of corruption in the areas most at risk. In particular, annual audits focus on sponsorships, donations and gifts, the management of consulting and pro- fessional assignments, the acquisition and management of public grants and financing, the recruitment of employees, supplier management, payments, expenses, and entertain- ment costs. The various departments subject to these audits are made aware of the importance of complying with all pro- tocols. The results of the audits are shared with the Control, Risks and Sustainability Committee and with the Superviso- ry Body. In 2020, no cases of corruption were reported.
Lastly, in 2020 Moncler revised its Supplier Code of Conduct in order to supplement and strengthen its respon- sible sourcing principles and add rules in case of pandemics. The Supplier Code of Conduct consists of six sections with binding provisions regarding Labour and Human Rights, Oc- cupational Health and Safety, Environment, Animal Health and Welfare, Safety and Quality of Products and Services, and Corporate Ethics and Intellectual Property Protection. Moncler requires its suppliers and subcontractors to com- ply with the principles set forth in the Supplier Code of Conduct, and is committed to carrying out relevant train- ing and awareness activities among internal departments and suppliers alike, through meetings at corporate offices or supplier premises. The Group also conducts regular au- dits across the supply chain to verify compliance with the principles in the Code of Conduct. See also pages 116-121. In particular since 2017, Moncler has published an annual Modern Slavery Act to make its approach to human rights entirely transparent and public. The document describes the measures taken to ensure the absence of any form of modern slavery, forced labour and human trafficking in- ternally and along its supply chain, as required by Section 54 of the UK Modern Slavery Act 2015.
5150 CONSOLIDATED NON FINANCIAL STATEMENT 2020RESPONSIBLE BUSINESS MANAGEMENT