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Moncler tops Dow Jones Sustainability Indices for 3rd year in a row

YarnsandFibers News Bureau 2021-11-16 13:47:33 – France

According to the S&P Global Corporate Sustainability Assessment 2021, French luxury fashion brand, Moncler has led the Dow Jones Sustainability Indices (DJSI) World and Europe for the third year in a row, obtaining the highest score of 89/100 in the 'Textile, Apparel, and Luxury Goods' sector.

The Dow Jones Sustainability Index is known as the "gold standard for corporate sustainability" and is a reliable source of information for investors that consider sustainability while making investment decisions. The index ranks the most sustainable corporations based on economic, environmental, and social responsibility parameters criteria, which are analyzed by credit rating provider S&P Global who conduct the assessment.

Remo Ruffini, chairman and chief executive of Moncler S.p.A., said that being part of the Dow Jones Sustainability Indices for the third consecutive year with the highest score of the 'Textiles, Apparel, and Luxury Goods' industry has an even stronger meaning today as their common future cannot tolerate hesitations and lack of ambition any longer. If I think back on every single person's devotion at Moncler over the years, they believe they've accomplished a lot in terms of integrating sustainability into their business strategy.

Moncler says in a statement that it reports on its sustainability performance and targets in its consolidated non-financial statement every year and that in 2020, it will unveil its strategic sustainability plan, "Born to Protect," which will focus on five strategic drivers: climate action, circular economy, fair sourcing, enhancing diversity, and giving back to local communities.

Since 2015, Moncler has traced and certified 100% of down using the DIST Protocol, recycled DIST certified down and nylon scraps, and made roughly 30% of Moncler Genius 2021 outerwear goods exclusively out of sustainable textiles like recycled nylon and polyester, organic cotton, and other materials under specific sustainability standards.

Furthermore, it uses 100% sustainable packaging for end customers, 50% renewable energy globally (expected to reach 80% this year), and 50,000 children have been sheltered from the cold thanks to a partnership with UNICEF from 2017 to 2020. According to the fashion label, 56% of women were in management positions in 2020.

Ruffini added that young generations are disillusioned and continually reminded that the time of words has now ended and only action remains. Every day at Moncler, this obligation pushes them to consider the consequences of their choices and commit to changing what needs to be changed. It isn't always easy, and they don't always succeed. They're continuing to work with their suppliers to develop materials that have a lower environmental impact, they've started recycling their nylon scraps, and they’re down in a circular economy perspective, they'll be carbon neutral at their own sites around the world in a few months, they've defined science-based objectives for reducing carbon emissions, and they're moving forward with the elimination of all conventional single-use plastic," says the company.

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