6.1 ENVIRONMENTAL POLICY AND MANAGEMENT SYSTEM
The Group is aware that the path towards sustainable development requires policies, tools and actions that pro- tect the environment. Responsibility towards future generations requires a strong commitment to careful use of natural resources and minimisation of the impacts.
As proof of its focus on the environment and its protection, in 2017 Moncler adopted an Environmental Policy which, in addi- tion to reiterating the ongoing compliance with all applicable laws and requirements, formally endorses the Company s commitment to continuously improve its environmental performance in order to reduce the impact of its production site and facilities (offices, warehouses and stores), as well as that of its activities, services, products and logistics. Moncler is committed to investing the technical, economic and professional resources necessary to ful- ly comply with its policy guidelines. The document is available in both Italian and English and can be downloaded from the Group s intranet and Internet sites. This policy will be updated and adopt- ed at Group level in 2022.
The maintenance of ISO 14001 certification at the produc- tion site in Romania, the Italian corporate offices and the logis- tics hub in Castel San Giovanni (Piacenza) in the case of Moncler, and the process begun in 2021 to obtain certification at the cor- porate offices in Milan and Ravarino (Modena) for Stone Island, are concrete results that highlight the Group s commitment to, and investments in, environmental protection, along with its drive to- wards continuous improvement.
With regard to direct environmental impacts, i.e. those generated by offices, stores, logistics centre and production site in Roma- nia, in line with previous years, the Group is focusing its efforts on: monitoring and assessing environmental impacts to identi-
fy and implement improvement measures purchasing electricity from renewable sources using more efficient technologies and lighting systems and
environmentally friendly ICT solutions using Building Management System (BMS) supervision
tools for an integrated and more efficient management of energy consumption
using technologies to support interaction between employ- ees, reducing business travel
using resources efficiently and sourcing from responsibly managed sources
engaging and raising awareness among employees through guidelines and programmes to reduce the consumption of paper, plastic, toner, energy and promote waste sorting.
Due to the nature of its business model, in which production is mainly managed through suppliers, the Moncler Group s most significant environmental impacts are the indirect ones (scope 3). To limit the indirect impact of the manufacture and distribution of their products and within the limits of their influence, Moncler and Stone Island encourage production and logistics providers to ap- ply environmental best practices.
6.2 RESOURCE MANAGEMENT AND CONSUMPTION
THE GROUP S COMMITMENT TO FIGHT CLIMATE CHANGE Reducing greenhouse gas (GHG) emissions by adopting renew- able energy and improving operational efficiency is a key lever of the Moncler Group s strategy to fight climate change, defined in line with the objectives of the 2030 Agenda for Sustainable De- velopment (Sustainable Development Goals SDGs) set by the United Nations.
In 2020 Moncler submitted its CO2 emission reduction tar- gets to the Science Based Targets Initiative (SBTi)1. The initiative validated the targets judging them as consistent with the actions required from companies in various industries to help contain global temperature. Moncler has committed to reduce absolute scope 1 and 2 CO2e emissions 70% and absolute scope 3 CO2e emissions 14% by 2030 from a 2019 base year.
Following the integration of Stone Island and the internal- isation of Moncler s e-commerce channel, the Group has started a process to redefine its CO2 reduction targets as recommended
by the guidelines of the Science Based Target initiative, to ensure the inclusion of all sources of CO2 emissions and to reflect the ac- tual size and impact of the business. The new targets will be an- nounced as soon as they are validated by the SBT initiative.
ENERGY CONSUMPTION AND SCOPE 1 AND 2 EMISSIONS Direct and indirect energy consumptions at the Moncler Group s premises are mainly due to the production activity in Romania and to the logistics hub in Castel San Giovanni (Piacenza), as well as to facility heating, air conditioning, lighting and to the use of IT equipment at the corporate offices and stores of Moncler and Stone Island.
The monitoring of energy consumption in 2021 was further refined and expanded to include, among others, stores at host structures (e.g. department stores) not directly managed by the Group.
Total direct and indirect energy consumption increased in 2021 in line with the growth of the business. Growth that exceed- ed 2019 also in terms of the number of stores, expansion of of- fices and number of employees, along with the extension of the perimeter of stores reported in the past, as explained above.
Despite this increase in consumption, within the Moncler brand perimeter it was registered a -35% reduction of scope 1 and 2 (market-based) emissions compared to 2020 and a 41% re- duction compared to 2019. This has been made possible due to greater use of renewable energy, more efficient lighting, air condi- tioning and heating systems and an increase in low environmen- tal impact vehicles in the company fleet. The reduction in scope 1 and 2 CO2e emissions normalised on revenues is even clearer: -49% emissions for million euros of revenues vs 2020.
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2021 ACT ON CLIMATE CHANGE
1 Endorsed by CDP, the United Nations Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF), the Science Based Targets initiative establishes and pro- motes best practices in setting science-based targets, in addition to evaluating companies objectives.
ACT ON CLIMATE CHANGE