L ETTER TO STAKEHOLDERS
2021 was another year characterised by change and uncertainty. However, it was also a year in which, despite the complex
macro-environment, Moncler has generated strong financial re- sults which were well above the pre-pandemic levels.
Numbers are important, but their true value lies in the man- ner in which they have been achieved. Success only makes sense and has a long-term future when it creates value for everyone.
This past year was notable to me for two important reasons: Stone Island joining the Moncler family and the growth of our in- ternal culture of sustainability.
The results achieved in 2021 are evidence of a collective ef- fort, common at all levels across Stone Island and Moncler where everyone addresses social and environmental challenges with humility and ambition.
If I look back at everyone s effort, I think that over the years we have done a lot to fully integrate sustainability into our busi- ness model.
In 2021, for the third year in a row, Moncler topped our in- dustry in the Dow Jones Sustainability Index World and Europe. As a Group we achieved carbon neutrality at our sites worldwide and we are working to reduce emissions in our supply chain. We have almost eliminated single-use virgin plastic and started to recy- cle nylon scraps from production in a view of a circular economy. Also, we have protected over 80,000 vulnerable people from the cold over the last five years.
But, if I look ahead to the urgent social and environmental challenges facing the world today, I realise that we need a change of pace.
We have achieved a lot, but it is not enough. Younger generations are disillusioned and keep reminding
everyone that there is no more time for hesitation, there is only room left for action.
The future requires everyone to take responsibility. Every day this responsibility urges us to look critically at the
impact of our decisions and commit to change what needs to be changed. It is not always simple and we do not always succeed. But we do not give up.
Every step forward, every successful effort, is a big or small action to protect everyone s future.
To give young people hopes instead of empty promises.
REMO RUFFINI CHAIRMAN AND CHIEF EXECUTIVE OFFICER
LETTER TO STAKEHOLDER12 13 MONCLER GROUP
2021 LETTER TO STAKEHOLDER