HERMÈS - 2020 Universal registration document

RISKS AND CONTROL RISK FACTORS

RISK RANKING BY CATEGORY (FROM MOST TO LEAST SIGNIFICANT)

● 4.1.1 Risks related to strategy and operations

4.1.1.1 Image and reputation 4.1.1.2 Commercial appeal

Page 326 Page 327 Page 328 Page 329 Page 330 Page 331 Page 332 Page 333 Page 334 Page 335 Page 336 Page 337 Page 338 Page 339 Page 340 Page 341 Page 342 Page 343

4.1.1.3 Information systems and cyberattacks

4.1.1.4 Major external crisis

4.1.1.5 Management of talent and savoir-faire

● 4.1.2 Industrial risks

4.1.2.1 Management of supplies 4.1.2.2 Business disruption

4.1.2.3 Health and safety

4.1.2.4 Safety

● 4.1.3 Legal and regulatory risks

4.1.3.1 Compliance with applicable laws and regulations in all areas 4.1.3.2 Intellectual property and combating counterfeiting 4.1.4.1 Changes in major global climate and biodiversity issues

● 4.1.4 Risks related to social, societal and environmental responsibility

4.1.4.2 Availability and proper use of natural resources

4.1.4.3 Respect for human rights, ethics and fundamental freedoms

● 4.1.5 Financial risks

4.1.5.1 Fraud

4.1.5.2 Exchange rates

4.1.5.3 Bank counterparties

4

4.1.5.4 Changes in, complexity and interpretation of tax regulations

2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

325