According to a ranking by Time and Statista determining the most sustainable companies in 2024, Moncler ranks third.
The magazine TIME and the data firm Statista have unveiled a global study on the most sustainable companies in 2024. The final ranking highlights the eco-friendly practices of 500 companies, including Hermès, Richemont, and Burberry. On the podium, another luxury player stands out: the Italian brand Moncler takes 3rd place thanks to its efforts in recycling, renewable energy, and carbon neutrality goals.
To establish these results, the news and analysis magazine TIME and the data firm Statista created a rigorous methodology to evaluate the sustainable roadmaps of large companies. The top performers in the ranking notably include participants in climate initiatives such as the 1.5 °C program of the Science Based Targets initiative. TIME and Statista also considered scores from the CDP (formerly Carbon Disclosure Project), as well as compliance with scope 1 and 2 emission standards and the proportion of renewable energy used in the company’s activities.
Moncler, a sustainable luxury player
The top three of the world’s most sustainable companies includes the technology companies Schneider Electric (France) and NEC Corp (Japan), with scores of 88.86 and 85.71 out of 100, respectively. The fashion brand Moncler ranks third with a score of 85.66.
This distinction highlights the Italian company’s actions to minimize its environmental impact and promote an eco-friendly approach in the textile sector. TIME and Statista emphasized the recycling of more than 80% of its nylon scraps in 2023 and the use of 100% renewable energy in offices, stores, factories, and logistics platforms directly managed by the brand.
These initiatives demonstrate Moncler’s genuine commitment, as the company had already been recognized for its sustainable commitments according to the Dow Jones Sustainability Indices in 2023. It is worth noting that the brand capitalizes on a long-term vision, aiming for carbon neutrality across all its activities by 2050.
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Featured photo: © Moncler
