Moncler Tops Dow Jones Sustainability Indices for Third Year in a Row – WWD

MILAN – For the third yr in a row, Moncler topped the Dow Jones Sustainability Indices (DJSI) World and Europe, as business chief of the “Textile, Attire & Luxurious Items” sector, with the best rating – 89/100 – in keeping with the S&P World Company Sustainability Evaluation 2021.

This acknowledgement has “an excellent stronger which means at present as our frequent future can’t tolerate hesitations and lack of ambition any longer,” stated Moncler’s chairman and chief executive officer Remo Ruffini. “If I look again and take into consideration each single particular person’s dedication at Moncler, I imagine we’ve executed loads in these years to combine sustainability in our enterprise mannequin. Nonetheless, if I sit up for the pressing social and environmental challenges, I notice that we have to gear up. Younger generations are disillusioned and maintain reminding us that the time of phrases has now ended and there’s solely room left for motion.”

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

The manager continued by saying that “each day at Moncler, this accountability urges us to look critically on the impression of our selections and commit to alter what it wants to alter. It’s not all the time straightforward and we don’t all the time succeed, however we don’t hand over. We proceed to work with our suppliers to develop supplies with a decrease environmental impression, we’ve began recycling our nylon scraps and our down in a round economic system perspective; in just a few months we’ll grow to be carbon impartial at our personal websites world wide, we have now outlined science-based targets for decreasing carbon emissions and we’re continuing with the elimination of all typical single-use plastic.”

Ruffini gave credit score to everybody at Moncler, “dwelling the challenges of sustainability each day with consciousness, dedication, braveness and humility.”

The Dow Jones Sustainability Index ranks the main sustainability-driven firms primarily based on financial, environmental and social accountability standards, that are analyzed by prime credit score scores supplier S&P World and is a reference customary for buyers who embody sustainability concerns within the decision-making means of their investments.

Yearly Moncler studies on its sustainability performances and targets in its consolidated non-financial assertion, and final yr it introduced its new strategic sustainability plan Born To Shield, which focuses on 5 strategic drivers: local weather motion, round economic system, honest sourcing, enhancing variety, and giving again to native communities.

To this point, Moncler lists achievements together with one hundred pc of down traced and licensed in keeping with the DIST Protocol since 2015; round 30 % of Moncler Genius 2021 outerwear merchandise totally manufactured from sustainable materials; 50 % renewable vitality at worldwide stage, estimated to succeed in 80 % this yr, and 50,000 kids protected against the chilly in collaboration with UNICEF within the final 4 years.

Final yr, Moncler, which is a signatory of the Fashion Pact, signed a financing credit line granted by Intesa Sanpaolo SpA for a maximum amount of 400 million euros and primarily based on a rewarding mechanism linked to the achievement of environmental impression discount targets, much like different manufacturers within the business similar to Prada and Salvatore Ferragamo.

That was adopted by an settlement for international change danger hedging with Intesa Sanpaolo, which gives for a premium when it comes to enchancment in hedging strikes on currencies primarily based on the popularity of excessive sustainability requirements by an exterior and impartial evaluation physique.

The Born to Shield plan contains exact targets for the corporate to satisfy, similar to decreasing its environmental impression by turning into carbon impartial at its r personal websites, the recycling of material scraps and the usage of sustainable nylon, in addition to the elimination of typical single-use plastics, amongst others.

https://wwd.com/sustainability/atmosphere/moncler-tops-dow-jones-sustainability-indices-third-year-row-1234996139/ | Moncler Tops Dow Jones Sustainability Indices for Third 12 months in a Row – WWD

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