Hermès // 2021 Universal Registration Document



gardener, they cultivate a plot using the permaculture technique while addressing multiple environmental themes. Six classes, i.e. 150 students, are involved in this pilot year, set up in partnership with the Saline royale d’Arc-et-Senans , the Besançon education board and the Compagnons du Devoir et du Tour de France . In addition to Manuterra, the Fondation also added new support for the Massane nature reserve (Pyrénées-Orientales), a beech forest that has been growing unfettered for more than 150 years and has been classified as a Unesco World Heritage site since last summer. This choice reinforces the Fondation’s action in favour of the preservation of our ecosystems. The budget of the third mandate of the Fondation d’entreprise Hermès (April 2018 – April 2023) is €40 million over five years. This budget (as a proportion of revenue) is the highest of French business foundations (source: Carenews study dated 18 February 2018).

The subsidiaries are also part of global dynamics. The World Clean Up Day movement was followed by China, Italy, France and Germany and enabled the collection of more than 100 kilos of waste thanks to the mobilisation of more than 200 employees. The Europe zone encouraged its subsidiaries to be involved and recorded a total of 109 local actions. For example, Italy supported the Cecilia Gilardi Foundation, which s aims to protect craftsmanship trades that are in danger of disappearing by training and encouraging young talents and giving them financial assistance through scholarships for university studies. Employees in Asia and Asia-Pacific carried out 110 actions, mainly through concrete initiatives to preserve local savoir-faire , art, heritage and the environment. The Japanese subsidiary is committed to the Coral Okinawa s association, which organises coral planting campaigns on the reefs of the island of Okinawa, as well as activities open to everyone to promote knowledge of this ecosystem. Korea reaffirmed its support for the Seoul Museum of Art (SeMA) s contemporary art exhibition by supporting the monographic exhibition of Korean artist Lee Bul. The Americas region committed to a total of 69 actions, particularly in favour of education. For example, the United States subsidiary supported the GO Project s association, which works for equal opportunities and seeks to promote the schooling of children from families experiencing financial difficulties in New York. In Mexico, the subsidiary is committed to Teach for All and its project s to support 20 education professionals working with disadvantaged children. In 2021, the Fondation d’entreprise Hermès wanted to confirm its mission in promoting the public interest as part of a collective drive. Expressed in a desire to act together, whether it involves the creation of works of art, transmission of savoir-faire , protection of the environment and encouragement of solidarity actions, four pillars structure the Fondation’s action. Throughout a new year marked by the pandemic, the Fondation continued its commitments through its programmes while remaining mobilised alongside its beneficiaries and project leaders faced with the uncertainties of the context. To combat climate change and damage to biodiversity with increasingly severe consequences, the Fondation d’entreprise Hermès launched Manuterra, an environmental education programme for primary to high school students. Since the start of the school year in 2021, pupils have been invited to create, plant and pass on a vegetable garden cultivated during 12 two-hour sessions in school time. Under the guidance of a professional Fondation d’entreprise Hermès (see chapter 1 “Presentation of the Group and its results”, § 1.11)


million budget for the Fondation

d’entreprise (2018-2023) Livelihoods Carbon Fund Since 2012, Hermès has been a partner of the Livelihoods Carbon Fund (LCF), which aims to improve the living conditions of disadvantaged communities in a sustainable manner by developing large-scale projects with real impact against climate change. LCF aims to be a start-up investor (with an entrepreneurial approach and investment risk) in three types of projects (ecosystems, agroforestry and energy) in Africa, Asia and Latin America. The fund has 10 partners in its LCF1 & LCF2 compartments: Danone, Crédit Agricole, CDC, Schneider Electric, La Poste, Hermès International, Voyageurs du Monde, SAP, Firmenich and Michelin. The initial duration of the funds is 24 years, and the duration of a project varies between 10 and 20 years. LCF1, launched in 2011, is fully invested; the LCF2 compartment, launched in 2017, which is larger than LCF1, is reaching the end of its investment process, including with the extension of projects in the LCF1 compartment. In June 2021, by joining LCF3, Hermès International renewed its commitment to local economic development, the protection of biodiversity and the fight against climate change.


Made with FlippingBook flipbook maker