8.5 GLOSSARY
AUDIT Systematic and documented assessment (by an independent body) to verify compliance with the requirements of a given law/ standard of reference.
CONCESSION Directly managed mono-brand retail space located on the premis- es of a department store.
DEPARTMENT STORE General shop, large- or medium-sized, divided internally into spe- cialist departments.
DOS Directly Operated Stores, including Free Standing Stores, Travel Retail Stores, Concessions, and Outlets.
EMAS Voluntary environmental management tool developed by the Eu- ropean Commission for companies and other organizations to evaluate their environmental performance, and to provide the public and other interested parties with information on their envi- ronmental management.
EMEA Europe, Middle East and Africa.
DIRECT EMISSIONS (SCOPE 1) Air polluting emissions originating from combustion processes involving equipment controlled or owned by the organization.
INDIRECT EMISSIONS (SCOPE 2) Emissions from the generation of purchased electricity consumed by the company. Purchased electricity is defined as electrici- ty that is purchased or otherwise brought into the organizational boundary of the company. Scope 2 emissions physically occur at the facility where electricity is generated.
INDIRECT EMISSIONS (SCOPE 3) Indirect emissions due to the company s activities. This catego- ry includes sources of emission that are not under the company s direct control, but whose emissions are indirectly caused by its activities. They are divided into 15 categories according to the in- dications of the GHG Protocol.
FAÇON MANUFACTURER Third-party supplier carrying out the cut-make-trim (façon) phase of production according to the so-called industrialized method.
FLAGSHIP STORE Mono-brand retail store that, by size and/or location, conveys the philosophy and image of the brand.
FREE STANDING STORE Retail store located directly on a street, i.e., not in a mall or shop- ping centre.
ISO 14001 Voluntary standard developed by the International Organization for Standardization (ISO), defining the requirements of environ- mental management systems.
ISO 45001 Voluntary standard published by the British Standards Institu- tion, defining the requirements of occupational health and safety management systems.
KPI (KEY PERFORMANCE INDICATOR) Measurable value that monitors the effectiveness of a process.
OUTLET Retail store that sells products and collections from previous years and seasons at discount prices.
MONO-BRAND STORE Retail store that exclusively sells clothing, accessories, and prod- ucts of a specific brand.
MULTI-BRAND STORE Retail store that sells different brands of clothing, accessories, and products.
RETAIL Distribution channel for the sale of products or goods managed directly by the Group through Directly Operated Stores (DOS) or its own e-commerce website (www.moncler.com).
SHOP-IN-SHOP Mono-brand wholesale space located on the premises of a de- partment store.
SHOWROOM Space used to display and sell an apparel company s products to wholesale clients.
SRI (SOCIALLY RESPONSIBLE INVESTOR) Financial operator who integrates standard financials with envi- ronmental, social, and governance considerations.
STAKEHOLDER Person or subject with a legitimate interest in the activities of an organization, and who affects or is affected by the organization s decisions.
TRAVEL RETAIL STORE Point of sale located in places with heavy traffic of potential cli- ents, such as airports and train stations.
WHOLESALE Distribution channel for the sale of products or goods to distribu- tors (industrial, commercial, institutional, and other professional entities), through which the Group sells its products. The channel consists of both mono-brand and multi-brand stores.
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