Moncler Tops Dow Jones Sustainability Indices for Fifth 12 months in a Row – WWD

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MILAN — Moncler Group continues to show it’s severe about its sustainability initiatives, efforts and objectives.

For the fifth consecutive 12 months, the group topped the S&P International Company Sustainability Evaluation within the “Textile, Attire & Luxurious Items” sector within the Dow Jones Sustainability Indices World and Europe with the very best rating — 89/100.

“On daily basis, at Moncler and Stone Island, we work to proceed integrating sustainability into our enterprise mannequin. We do it with ardour, ingenuity, humility and mandatory concreteness. We do it with the sense of urgency that environmental and social challenges require,” stated the group’s chairman and chief government officer, Remo Ruffini. “We’re on a transformational journey which requires vital adjustments in the way in which we work. This collective, transversal path includes those that work throughout the firm in addition to those that collaborate with us throughout the worth chain.”

Whereas Ruffini admitted “satisfaction on this achievement, we’re conscious a lot stays to be accomplished. We do that out of our agency perception that financial outcomes are necessary, however so is the way in which through which they’re achieved,” he concluded.

The Dow Jones Sustainability Index ranks the main sustainability-driven firms primarily based on financial, environmental and social duty standards, that are analyzed by prime credit score scores supplier S&P International.

Yearly the group reviews on its sustainability performances and targets in its consolidated nonfinancial assertion. In 2020, Moncler offered its strategic sustainability plan till 2025, “Born to Shield,” which focuses on 5 strategic drivers: local weather motion, round financial system, honest sourcing, enhancing range and giving again to native communities.

As a part of the eco-road map, Moncler is dedicated to succeed in internet zero emissions by 2050; recycling nylon manufacturing scraps at group websites and throughout the availability chain; the use within the collections of fifty % of yarns and materials from lower-impact supplies by 2025 (recycled, natural or from regenerative agriculture, or licensed following particular requirements); the traceability of uncooked supplies, and acquiring the Equal Pay certification, amongst others.

So far, the group lists achievements together with the usage of round 90 % of electrical energy at its straight operated company websites worldwide from renewable sources in 2022, estimating to succeed in 100% by the top of 2023; carbon neutrality maintained at its personal straight operated company websites (manufacturing websites, places of work, logistic hub and shops) from 2021; 100% of nylon scraps from personal direct websites recycled; progressive integration in collections of yarns and materials from lower-impact supplies with the aim of reaching 50 % by 2025, and virtually all single-use virgin plastic eradicated, amongst others. On the group, 69 % of workers have been girls and 51 % have been girls in administration in 2022. It has additionally helped shield from the 108,000 individuals most in want during the last six years, and it estimated it has helped round 140,000 within the 2017 to 2023 interval.

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