Moncler Group Tops Dow Jones Sustainability Indices for Sixth Year in a Row
Moncler Group did it again. For the sixth consecutive year, the group topped the Dow Jones Sustainability Indices World and Europe in the “textile, apparel and luxury goods” sector with the highest score — 90/100 — in the S&P Global Corporate Sustainability Assessment.
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, assessing more than 13,000 firms.
For the second consecutive year, Moncler Group received the highest AAA rating in the MSCI ESG Ratings assessment by MSCI ESG Research.
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Every year Moncler Group reports on its sustainability performances and targets in its consolidated nonfinancial statement.
Remo Ruffini, chairman and chief executive officer of Moncler, said, “These recognitions reflect the dedication and commitment of our teams and partners, reinforcing our determination and awareness that this collective effort must not slow down. Our journey continues and while we celebrate these achievements, we remain focused on continuous progress.”
In 2020, the group 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.
The plan includes greenhouse gas science-based targets; the commitment to reach net zero by 2050; the recycling of nylon production fabric scraps at the group’s sites and supply chain, and the use in the collections of 50 percent of yarns and fabrics from lower-impact materials by 2025.
As per the plan, Moncler achieved the traceability of strategic raw materials, and this also enabled more precise assessment and management of CO2 emissions, biodiversity, water and social impacts of sourcing. It is also aiming for continuous improvement of social and environmental standards throughout the supply chain, collaborating with its business partners.
Diversity, inclusivity and equal-pay certification are also a focus, as is the group’s commitment to supporting local communities through impactful social projects and to protecting the most vulnerable children and families from the cold. Regarding the latter, since 2017, the group has protected 140,000 people most in need.
The group listed its 2023 achievements, which include the use of 100 percent of electricity from renewable sources and carbon neutrality at own directly operated corporate sites worldwide; 100 percent of nylon scraps from own direct sites recycled; recycling extended to Moncler external outerwear production network, reaching 55 percent of total outerwear nylon scraps; more than 25 percent of yarns and fabrics used in 2023 collections made with “preferred” raw materials (recycled, organic, or certified according to specific standards) with the goal of reaching 50 percent by 2025, and more than 40 percent of nylon used in 2023 collections coming from recycled materials. Among other initiatives, it has eliminated single-use virgin plastic from fossil origin, and supported projects dedicated to regenerative farming practices within the cotton and wool supply chains, and invested 3.6 million euros to support local communities, up 33 percent on 2022.
