2.3 CREATING SUSTAINABLE VALUE
The increasing integration between business decisions and the assessment of their social and environmental impacts are the basis for the Group s ability to create long-term value for all stakeholders.
MATERIALITY MATRIX For the Moncler Group, the materiality analysis is an important tool for identifying the most significant environmental and social pri- orities in line with its business strategy and impacts, identifying and managing risks and opportunities and defining the contents of the Consolidated Non-Financial Statement according to the Global Reporting Initiative (GRI) international reporting standard.
In terms of sustainability reporting, the topics deemed as material, or relevant, are those aspects that have a significant im- pact on the Group s economic, social and environmental perfor- mance and that may substantially influence the assessments and decisions of stakeholders.
Accordingly, the materiality analysis takes into account not only the organisational point of view, but also that of stakeholders, on the basis of their decision-making needs and perspectives in order to communicate, through a matrix, the significance of each theme according to its positioning with respect to the axes.
The analysis is carried out regularly by the Sustainability Unit, with the support of a specialised company, through a structured process that also involves the Group s management. The materi- ality analysis process consists of three stages: identification of all potential material aspects for the Mon-
cler Group through analysis of company documentation (Code of Ethics, Annual Report, Strategic Plan, etc.), exter- nal literature on scenario changes1, sustainability assess- ment questionnaires by rating agencies, comparison with the sector, media and internet research, multi-stakeholder standards/initiatives2 and dialogue with stakeholders, in- cluding investors
the prioritisation of aspects by the liaison officers of Mon- cler and Stone Island, who assess each issue from the Com- pany s standpoint and as spokespersons of the Group s vision, and, starting from 2021, by the main stakeholders. Furthermore, the Strategic Committee collaborates in as- sessing the relevant sustainability themes in order to re- view the prioritisation of the themes for the annual update of the materiality matrix
presentation of the analysis to the Board of Directors.
In 2021 the Materiality Matrix was updated pursuant the integra- tion of Stone Island, the development of the business scenario, new emerging themes, the strategic priorities of the Sustainabili- ty Plan and in the light of the dialogue with different stakeholders. During the year, the update of the materiality analysis involved various categories of stakeholders, both internal and external to the Group. In particular, at MONCampus, the company training programme for talented young people from Moncler and Stone Island, participants were engaged to express their views in the process of evaluation and prioritisation of material issues; at the same time, suppliers, investors, media, and both end and whole- sale clients, were invited to complete an online questionnaire. 183 topics were identified as material.
This update led to include three new topics: traceability, wa- ter stewardship and partnership for sustainable development.
The issue of traceability plays an important role in the man- agement of the Moncler Group supply chain to make the entire production cycle transparent, from the origin of each component that makes up the products (raw materials, fibres, accessories, etc.) down to the production phases. Water stewardship is a sig- nificant issue for the industry and the Group, which is committed to promote the reduction of direct and/or indirect water con- sumption through the efficient use of water resources, analyse high water-stress areas within the supply chain and ensure the quality of wastewater throughout all garment and raw material s production stages. The topic of partnership for sustainable de- velopment is regarded as a pillar of the Group s strategy to build relationships with organisations, entities and suppliers that share the principles and values of Moncler and Stone Island to promote
a responsible path that focuses on the wellbeing of individuals and the planet.
Following the update process of the materiality matrix, in 2021, among the main changes, the relevance of the climate change topic increased in the light of the Group s commitments to contribute to the fight against climate change through the de- velopment of energy efficiency initiatives and the reduction of greenhouse gases at corporate sites and along the supply chain. Similarly, the materiality of the data protection and cybersecurity topic also increased, a topic that covers an important role in the management of the Group s business.
For the correlation between material topics and GRI indica- tors, please see the table in the Appendix.
1 Report by the World Economic Forum, the Sustainability Manifesto for Italian Fashion, The State of Fashion 2021, reports and studies by the Sustainable Apparel Coalition (Higgs index), the Ellen MacArthur Foundation and Vogue Business.
2 Global Compact, AA1000 Standard, GRI and SASB Standards, OECD Guidelines for Multinational Enterprises, Recommendations of the Task Force on Climate-related Financial Disclosures and The Fashion Pact.
3 Within the scope of the analysis, aspects related to governance, regulatory compliance, economic performance and brand rep- utation were considered as prerequisites and were therefore not individually included in the process, but are nevertheless ac- counted for in this Statement.
ANIMAL WELFARE
DIVERSITY, EQUITY AND INCLUSION
HEALTH, SAFETY AND WELLBEING
RESPONSIBLE SOURCING
PRODUCT QUALIT Y AND SAFET Y
NEW GENERATIONS
PACK AGING
BIODIVERSITY
EMPLOYEE EXPERIENCE
CLIENT EXPERIENCE AND COMMUNITY ENGAGEMENT
GIVE BACK FOR SOCIAL DEVELOPMENT
IMPORTANT
SIGNIFICANCE TO MONCLER GROUP
S IG
N IF
IC A
N C
E TO
M O
N C
LE R
G R
O U
P' S
S TA
K EH
O LD
ER S
IM PO
R TA
N T
VERY IMPORTANT
V ER
Y IM
PO R
TA N
T
CLIMATE CHANGE
CIRCULAR ECONOMY AND SUSTAINABLE MATERIALS
TRACEABILITY
EMPLOYEE PERFORMANCE AND DEVELOPMENT
WATER STEWARDSHIP PARTNERSHIP FOR SUSTAINABLE
DEVELOPMENT
DATA PROTECTION AND CYBERSECURITY
64 65 MONCLER GROUP
2021 RESPONSIBLE BUSINESS MANAGEMENTRESPONSIBLE BUSINESS MANAGEMENT