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HomeFashionMoncler Tops Dow Jones Sustainability Indices for Fifth Yr in a Row –...

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

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.

“Every single day, at Moncler and Stone Island, we work to proceed integrating sustainability into our enterprise mannequin. We do it with ardour, ingenuity, humility and vital 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 modifications in the way in which we work. This collective, transversal path entails those that work throughout the firm in addition to those that collaborate with us throughout the worth chain.”

Whereas Ruffini admitted “delight on this achievement, we’re conscious a lot stays to be accomplished. We do that out of our agency perception that financial outcomes are essential, 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 high credit score rankings supplier S&P International.

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

As a part of the eco-road map, Moncler is dedicated to achieve web 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.

Up to now, the group lists achievements together with the usage of round 90 % of electrical energy at its instantly operated company websites worldwide from renewable sources in 2022, estimating to achieve 100% by the tip of 2023; carbon neutrality maintained at its personal instantly operated company websites (manufacturing websites, workplaces, 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 purpose of reaching 50 % by 2025, and virtually all single-use virgin plastic eradicated, amongst others. On the group, 69 % of staff have been ladies and 51 % have been ladies 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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