MONCLER TOPS THE TEXTILE, APPAREL AND LUXURY GOODS INDUSTRY
FOR THE FOURTH CONSECUTIVE YEAR
S&P Global Corporate Sustainability Assessment 2022
Milan, 21 October 2022 – For the fourth consecutive year, Moncler is confirmed at the top of the ‘Textiles, Apparel
S&P Global, the world’s foremost provider of credit ratings, benchmarks and analytics, conducts the assessment for the admission to the Dow Jones Sustainability Indices, the gold standard for corporate sustainability at a worldwide level and a trusted reference standard for investors who include sustainability considerations in the decision-making process of their investments. The index ranks the leading sustainability-driven companies based on economic, environmental and social responsibility criteria. Moncler is currently member of the Dow Jones Sustainability
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Indices World and Europe .
“Moncler has just turned 70. A path characterized by continuous creative and cultural evolution. Years in which we have seen a strengthening of the awareness of our daily environmental and social impacts and of our commitment to progressively integrating sustainability into our business model.
We know very well that we still have a lot to learn and achieve, and we are aware that the current macroeconomic scenario and the energy crisis make the momentum towards increasingly responsible operating models even more challenging, especially for the most vulnerable entities of the supply chain. A context that requires more than ever the continuous search for a collaborative approach and a joint commitment of all the actors involved.
We have begun a process of reducing emissions which involves the progressive inclusion in our collections of lower impact yarns and fabrics to reach 50% by 2025. Since last year we became carbon neutral across all our own corporate and production sites around the world and almost 90% of the energy we use comes from renewable sources. Finally, we have almost completely eliminated conventional single-use plastics.
We are proud to be, for the fourth consecutive year, the company rated with the highest score within the ‘Textiles, Apparel & Luxury Goods’ industry in the S&P Global Corporate Sustainability Assessment and we continue to look at the challenges ahead of us, trying to constantly improve ourselves to be up to meeting them”, comments Remo Ruffini, Chairman and CEO of Moncler S.p.A.
Every year Moncler reports on its sustainability performances and targets in the Consolidated Non-Financial Statement, and its Strategic Sustainability Plan 2020-2025 focuses on five strategic drivers: climate action, circular economy, fair sourcing, enhancing diversity, and giving back to local communities.
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S&P Global will announce the updated composition of the Dow Jones Sustainability World and Europe Indices on December 9th, 2022.
MONCLER SPA
Via Solari 33, 20144 Milano [p] +39 02 42203500
Moncler’s achievements to date
Commitments to the future – The Sustainability Plan 2020-2025
The Sustainability Plan focuses on five strategic drivers: climate action, circular economy, fair sourcing, enhancing diversity, and giving back to local communities.
The plan includes CO2 science-based targets, the commitment to reach Net Zero by 2050, the recycling of nylon production fabric scraps at Group sites and supply chain, the use in the collections of over 50% of yarns and fabrics from lower impact materials by 2025 (recycled, organic or from regenerative agriculture, or certified following specific standards).
The Sustainability Plan also targets the traceability of raw materials and the continuous improvement of social and environmental standards throughout the supply chain through close collaboration with our business partners. Moreover, the plan encompasses dedicated internal and external awareness-raising initiatives aimed at fostering and enhancing diversity while promoting an ever more inclusive culture.
Moncler is further committed to supporting local communities through impactful social projects and to protecting 150,000 of the most vulnerable children and families from the cold.
The full Sustainability Plan is available at the following link: https://www.monclergroup.com/en/sustainability/strategy/sustainability-plan
MONCLER SPA
Via Solari 33, 20144 Milano [p] +39 02 42203500
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Moncler S.p.A. published this content on 21 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2022 14:59:03 UTC.
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