MILAN — Moncler Group continues to prove it is serious about its sustainability initiatives, efforts and goals.
For the fifth consecutive year, the group topped the S&P Global Corporate Sustainability Assessment in the “Textile, Apparel & Luxury Goods” sector in the Dow Jones Sustainability Indices World and Europe with the highest score — 89/100.
“Every day, at Moncler and Stone Island, we work to continue integrating sustainability into our business model. We do it with passion, ingenuity, humility and necessary concreteness. We do it with the sense of urgency that environmental and social challenges require,” said the group’s chairman and chief executive officer, Remo Ruffini. “We are on a transformational journey which requires significant changes in the way we work. This collective, transversal path involves those who work within the company as well as those who collaborate with us across the value chain.”
While Ruffini admitted “pride in this achievement, we are aware much remains to be done. We do this out of our firm belief that economic results are important, but so is the way in which they are achieved,” he concluded.
The Dow Jones Sustainability Index ranks the leading sustainability-driven companies based on economic, environmental and social responsibility criteria, which are analyzed by top credit ratings provider S&P Global.
Every year the group reports on its sustainability performances and targets in its consolidated nonfinancial statement. In 2020, Moncler presented its strategic sustainability plan until 2025, “Born to Protect,” which focuses on five strategic drivers: climate action, circular economy, fair sourcing, enhancing diversity and giving back to local communities.
As part of the eco-road map, Moncler is committed to reach net zero emissions by 2050; recycling nylon manufacturing scraps at group sites and across the supply chain; the use in the collections of 50 percent of yarns and fabrics from lower-impact materials by 2025 (recycled, organic or from regenerative agriculture, or certified following specific standards); the traceability of raw materials, and obtaining the Equal Pay certification, among others.
To date, the group lists achievements including the use of around 90 percent of electricity at its directly operated corporate sites worldwide from renewable sources in 2022, estimating to reach 100 percent by the end of 2023; carbon neutrality maintained at its own directly operated corporate sites (production sites, offices, logistic hub and stores) from 2021; 100 percent of nylon scraps from own direct sites recycled; progressive integration in collections of yarns and fabrics from lower-impact materials with the goal of reaching 50 percent by 2025, and almost all single-use virgin plastic eliminated, among others. At the group, 69 percent of employees were women and 51 percent were women in management in 2022. It has also helped protect from the 108,000 people most in need over the last six years, and it estimated it has helped around 140,000 in the 2017 to 2023 period.
