Potential offtaker

Moncler Group

www.monclergroup.com

Estimated electricity consumption

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Moncler Group is an Italian luxury fashion company that specializes in high-end outdoor apparel and accessories. The company was founded in 1952 in the French Alps and has since become a global leader in the luxury fashion industry. Moncler Group operates in the Specialty Apparel Stores sector and has a strong focus on sustainability and decarbonization.

The company's commitment to sustainability is evident in its corporate energy strategy, which includes a range of initiatives aimed at reducing its carbon footprint. One of the key elements of this strategy is the use of renewable energy sources. Moncler Group has invested heavily in renewable energy, including solar and wind power, to reduce its reliance on fossil fuels and minimize its impact on the environment.

In addition to investing in renewable energy, Moncler Group has also implemented a corporate power purchase agreement (PPA) to further decarbonize its operations. A corporate PPA is a long-term agreement between a company and a renewable energy supplier, which guarantees a fixed price for the energy generated by the supplier. This allows Moncler Group to secure a reliable source of renewable energy while also supporting the growth of the renewable energy sector.

Moncler Group's commitment to sustainability extends beyond its energy strategy. The company has also implemented a range of initiatives aimed at reducing waste and promoting circularity. For example, Moncler Group has launched a program to recycle its down jackets, which involves collecting used jackets from customers and repurposing the down filling for use in new products.

Overall, Moncler Group is a leader in the luxury fashion industry when it comes to sustainability and decarbonization. The company's focus on renewable energy, corporate PPA, and circularity initiatives demonstrate its commitment to reducing its environmental impact and promoting a more sustainable future.

✓ Science Based Targets member
✓ Declared Net Zero commitment