Luxury brand Moncler has pledged carbon neutralilty by 2021 as part of its new sustainability pledge. The luxury label’s ‘Moncler Born to Protect Sustainability Plan’ focuses on five key action items: climate action, circular economy, fair sourcing, enhancing diversity, and giving back to local communities.

In terms of climate action, the label has pledged to become carbon neutral by 2021 and to use 100 % renewable energy worldwide by 2023. The label’s targets also include the following: eliminating single-use plastics by 2023, using more recycled fabric and sustainable nylon, and recycling DIST-certified down “through an innovative mechanical process that requires 70 percent less water compared to traditional down recycling processes”.

Moncler said that it will be working closely with its business partners to improve raw materials traceability. It also plans to set better social and environmental standards across its supply chain.

Moncler chairman and CEO Remo Ruffini said of the plan- “The world is facing ever more urgent social and environmental challenges. The pandemic is a reminder that we can, we must, always go beyond what we have already achieved if we are to make our future better. To rise to these great challenges, as individuals, as organizations and as companies, we must mobilize extraordinary energies.”