audits, with the support of a specialised third party, to ensure ade- quate treatment of animals. See also pages 145-146.
Moncler will phase out fur from all its collections. The Com- pany will stop sourcing fur in 2022 and the last collection to feature fur will be the Fall/Winter 2023. This decision is consistent with Moncler s ongoing commitment to responsible business practic- es and the constructive long-term dialogue established with the Italian animal welfare association LAV as a representative of the Fur Free Alliance. Stone Island has not used fur since 2018 and has also joined the Fur Free Retailer Policy. See also page 146.
COMPLIANCE AND OTHER TYPES OF RISKS In terms of non-compliance risks, a Group-wide Compliance Pro- cedure has also been adopted in order to: disseminate the defi- nition of compliance; determine the scope of application; set the general compliance principles adopted; define employee roles and responsibilities; provide guidelines based on the pillars of the Group Compliance Programme, which is regularly updated.
The activities carried out by the Group Compliance func- tion aim to strengthen the system for monitoring and managing non-compliance risks, starting from the areas considered most sensitive, such as health and safety, privacy, anti-corruption and product compliance.
The Group also regards the protection and promotion of em- ployees health, safety and wellbeing as a key value and a priority principle of its way of operating. For this reason, an effective man- agement system has been implemented in compliance with the international ISO 45001 standard, at a global level, in all offices, stores (excluding shop-in-shops), and at Moncler s logistics and production sites. During the year, Stone Island also implement- ed a series of activities and improvement projects to obtain ISO 45001 certification, which it achieved for all offices and stores in Italy, and with the aim of having all offices and stores in the world certified by 2022. In addition, in order to ensure the protection and promotion of health and safety at company workplaces uniform management rules are applied, as detailed in the Health and Safe- ty Management Policy adopted at Group level, and periodic audits are carried out at all sites where Moncler and Stone Island per- sonnel work. The management system, supported by important training and awareness-raising activities, both for Group person- nel and suppliers, plays a fundamental role in reducing the risk of workplace accidents. See also pages 118-120.
Both Moncler and Stone Island monitor privacy issues. In their Codes, both Brands highlight their commitment to imple- menting appropriate measures of an organisational and techno- logical nature to adequately meet to the privacy protection needs of their employees, collaborators, clients and suppliers, in com- pliance with all applicable laws and regulations and in accordance with the best and most recent applicable practices. All the neces- sary steps were also adopted to promptly ensure compliance with all the measures required by Regulation (EU) 2016/679, the Gen- eral Data Protection Regulation (GDPR). See also pages 247-248.
Regarding corruption prevention measures, Moncler adopts an Anti-Corruption Model, which includes a regulatory review of corruption offences in the countries in which the Company oper- ates, identifying the areas and corporate processes at greatest risk of corruption. An Anti-Corruption Policy is therefore in force and has been adopted by each company of the Moncler Group. It defines the responsibilities for monitoring changes in legislation, risk controls, training, audit activities, management and reporting of cases of non-compliance. See also page 56.
The main social risks identified by the Group include, as a priority, those for clients, related to product safety and counter- feiting. To protect the health and safety of its clients, the Group requires its suppliers to operate in accordance with the most re- strictive international laws applicable to hazardous or poten- tially hazardous chemicals and constantly verifies the chemical composition and the physical and mechanical characteristics of its products. Suppliers are contractually bound to comply with the guidelines contained in the Group s Product Restricted Sub- stances List (PRSL) and Manufacturing Restricted Substances List (MRSL) published in February 2022 on the corporate web- site, which lay down the most restrictive requirements for the use of certain substances. The proper implementation of these guide-
lines is verified through tests on the chemical composition of the raw materials at specialised third-party laboratories by the sup- plier and/or by Moncler and Stone Island. Both brands have es- tablished a completely dedicated internal function (Operations Compliance Department) to fully monitor this risk. See also pag- es 179-181.
With a view to better protect its clients and the Brand, the Group has long been committed to fight counterfeiting. Both Brands have therefore put in place a series of management and prevention tools managed by the Brand Protection and Intellec- tual Property department at Moncler and by the Legal Depart- ment at Stone Island: from the formulation of detailed procedures to collaboration with law enforcement, customs and other luxu- ry brands, training and audits of suppliers and to the use of an- ti-counterfeiting labels applied on all products. See also pages 152-153.
For an overview of the different types of risks to which Mon- cler is exposed, in addition to the above, see the Board of Direc- tors Report in the 2021 Annual Report.
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