HERMÈS - 2020 Universal registration document

PRESENTATION OF THE GROUP AND ITS RESULTS OUTLOOK

Development Chair launched this year), or by developing vocational training centres in its craftsmanship métiers . These initiatives are set in a dedicated digital space, and will support its non-financial assessments. For 2021, the impacts of the Covid-19 pandemic are currently difficult to assess, as the scale, duration and geographic extent of the crisis evolve every day. Our highly integrated craftsmanship model and balanced distribution network, as well as the creativity of our collections and our customers' loyalty give us confidence in the future. The Group remains highly committed and active, and gradually adapts measures to those taken by health and public authorities. In the medium term, despite the economic, geopolitical and monetary uncertainties around the world, the Group confirms an ambitious goal for revenue growth at constant exchange rates. 2021 will be marked by the Odyssey, Hermès will continue its journey with confidence in the future, facing the uncertainties of the world whilst remaining true to its identity. Thanks to its unique business model, Hermès is pursuing its long-term development strategy based on creativity, maintaining control over savoir-faire and singular communication.

The Group will continue to step up its efforts in terms of social, societal and environmental performance. The update of the “sustainable development” strategic framework will serve as a roadmap for all Management Committees. Hermès will continue its actions for the transmission of savoir-faire and strengthen its regional development with the opening of sites and stores, and job creation. More broadly, the development of its employees, their well-being, and the consideration of diversity in all its forms will remain priorities for the Group. In 2020, with the formalisation of ambitious carbon targets (a 50% reduction in Scopes 1 and 2 emissions in absolute value and intensity in Scope 3 by 2030), the publication of a specific strategy and the preparation of a comprehensive assessment of its impacts on biodiversity, the Group has reached a milestone that will enable it to increase its priority environmental actions in 2021. Numerous projects will be developed, in particular for the rollout of the Group’s climate strategy (reduction of operating emissions, gradual alignment with TCFD recommendations, work on Science Based Targets, increase in offsetting beyond scopes 1 and 2); to pursue the biodiversity strategy, control the footprint of its supply chains, manage its raw materials sparingly, and reduce waste and unsold goods. Lastly, Hermès will develop its relations with its stakeholders, such as in the world of education with Sciences Po Paris (as part of the Sustainable

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2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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