HERMÈS - 2019 Universal Registration Document

OVERVIEW OF THE GROUP RISK FACTORS

HEALTH AND SAFETY OF PEOPLE AND CONSUMERS ●

1.11.2.3

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DESCRIPTION OF THE RISK s

RISK MANAGEMENT s

The Group’s policy is to integrate health, safety and well-being challenges in its operational strategy as a priority, in particular for its manufacturing activities. In accordance with French law 2017-399 of 27 March 2017 relating to the duty of care of parent companies and contractors, the Hermès Group has drawn up a vigilance plan to identify risks and prevent serious violations of human rights and fundamental freedoms, and the health and safety of people, resulting from its activities as well as the activities of its subcontractors and suppliers, as described on page pages 154 to 160 of this report. Moreover, since 2003, the industrial affairs department has been leading a Health, Safety and Environment (HSE) network comprising HSE managers from the House’s different métiers . With around 20 members, it meets several times a year to set targets, share results and learn about best practices in each of the métiers . The main initiatives of the House’s various métiers are described in chapter 2 of this report. In most cases, they go beyond simple regulatory compliance to achieve true well-being at work. Each métier has its specific needs as regards working conditions, so it is logical for each one to create its own arrangements. The Workplace Health and Hygiene Division within the Group security department, has produced all single risk assessment documents, which are updated every year. Hermès products are regularly tested throughout the supply and production chains. Finished product testing is also conducted by independent laboratories in Europe, Asia and the United States to verify compliance with the world’s most stringent regulations, and to ensure their safety. Monitoring is carried out to analyse the development of regulations before drawing up product specifications.

The Group ensures respect for human rights, fundamental freedoms, the health and safety of people in relation to its activities and the activities of its subcontractors or suppliers. Hermès Group is committed to respecting the regulations in the countries where it operates. The quality of products sold and their compliance with high safety standards is one of the Group’s priorities. POTENTIAL IMPACTS ON THE GROUP s Any damage to the health and safety of employees, customers or third-parties working at Hermès sites, resulting from the activity of the Hermès Group or that of its sub-contractors or suppliers, and any non-compliance with the quality and safety standards of the products sold, could give rise to litigation and undermine the Group’s reputation.

The mitigation and prevention mechanisms for these risks are addr ssed specifically in chapter 2 of this report. Note:

2019 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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