HERMÈS - 2019 Universal Registration Document

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OVERVIEW OF THE GROUP

Asia-Pacific

1.6.3

30

Hermès points of sale worldwide

1.6.4

31

Digital strategy

1.6.5

34

SIMPLIFIED GROUP ORGANISATIONAL CHART Summary description of the Group as at 31 December 2019

1.7

35 35

1.7.1

Production facilities

1.7.2

36

CONSTRUCTION

1.8

38

FONDATION D’ENTREPRISE

1.9

38

SIGNIFICANT EVENT SINCE THE LAST FINANCIAL

1.10

YEAR

39

AFR

RISK FACTORS

1.11

40 42 42 43 44 45 46 47 47 48 49 50

AFR

Risks related to strategy and operations

1.11.1

Image and reputation 1.11.1.1 Commercial appeal 1.11.1.2

Information systems and cyber-attacks 1.11.1.3

Major external crisis 1.11.1.4

Management of talents and savoir-faire 1.11.1.5

Industrial risks

1.11.2

Management of supplies 1.11.2.1 Business disruption 1.11.2.2

Health and safety of people and consumers 1.11.2.3

Safety of property 1.11.2.4 Legal and regulatory risks

1.11.3

51

Compliance with applicable laws and regulations in all 1.11.3.1 areas Intellectual property and combating counterfeiting 1.11.3.2 Risks related to social, societal and environmental Risks related to changes in major global issues regarding 1.11.4.1 climate and biodiversity Risks related to availability and judicious use of natural 1.11.4.2 resources Respect for human rights and fundamental freedoms 1.11.4.3 responsibility

51 52

1.11.4

52

53

53 54 55 55 56 57

Financial risks

1.11.5

Risk of fraud 1.11.5.1

Foreign exchange risk 1.11.5.2 Bank counterparty risk 1.11.5.3

Financial risks related to changes in, complexity and 1.11.5.4 interpretation of tax regulations

58

Insurance policy and risk hedging

1.11.6

58

Internal control and risk management systems established by

1.11.7

the Company

58 59 59

Objectives of risk management at Hermès International 1.11.7.1

Control environment 1.11.7.2

Scope of the risk management and internal control 1.11.7.3 systems Parties responsible for risk management and internal 1.11.7.4 control

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60 62 62

Risk management system 1.11.7.5

Internal control system in response to risks 1.11.7.6

INTERNAL CONTROL AND RISK MANAGEMENT PROCEDURES RELATING TO THE PREPARATION AND PROCESSING OF ACCOUNTING AND FINANCIAL INFORMATION Objectives of risk management and internal control at Hermès

1.12

64

AFR

1.12.1

International

64

Internal control system for accounting and financial information

1.12.2

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2019 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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