Moncler Will Receive Funding for Sustainable Brand Development
Moncler signed a loan agreement for € 400 million until 2023 with Intesa Sanpaolo Bank. The interest rate of the loan will decrease as Moncler introduce new technologies in production for sustainable development and reduce its negative impact on the environment. “Moncler is constantly striving to integrate ever new methods and technologies for sustainable development into the company's business model. To date, we have already done a lot, but we understand that we need to do several more times to solve urgent social and environmental problems, ”said brand CEO Remo Ruffini. In September 2019, Moncler was included in the Dow Jones sustainability index. In addition, Moncler uses energy from renewable sources only. By 2021, the company also plans to become fully carbon neutral.