Hermès // 2022 CSR EXTRACT

First page Table of contents Next page Last page
MESSAGE FROM THE EXECUTIVE MANAGEMENT3
HIGHLIGHTS 20224
1. PRESENTATION OF THE GROUP AND ITS RESULTS7
1.1 SIX GENERATIONS OF CRAFTSPEOPLE8
1.2 GROUP GOVERNANCE11
1.3 STRATEGY12
1.4 SIMPLIFIED ORGANISATION CHART AND GROUP LOCATIONS15
1.4.1 SUMMARY DESCRIPTION OF THE GROUP AS AT 31DECEMBER 202215
1.4.2 INTEGRATED PRODUCTION AND TRAINING SITES WORLDWIDE16
1.4.3 INTEGRATED PRODUCTION AND TRAINING SITES IN THE FRENCH REGIONS17
1.4.4 WORLDWIDE DISTRIBUTION NETWORK18
1.4.5 REAL ESTATE20
1.5 KEY FINANCIAL AND NON FINANCIAL FIGURES21
1.5.1 REVENUE BY MÉTIER FOR 2022 (2021)21
1.5.2 REVENUE BY GEOGRAPHICAL AREA FOR 2022 (2021)21
1.5.3 KEY CONSOLIDATED FINANCIAL DATA21
1.5.4  KEY NON FINANCIAL FIGURES23
1.6 REVENUE AND ACTIVITY BY MÉTIER24
1.7 REVENUE AND ACTIVITY BY GEOGRAPHICAL AREA25
1.8 COMMENTS ON THE CONSOLIDATED FINANCIAL STATEMENTS26
1.8.1 INCOME STATEMENT26
1.9 SIGNIFICANT EVENTS SINCE THE END OF THE FINANCIAL YEAR27
1.10 OUTLOOK28
1.11 FONDATION D’ENTREPRISE30
2. CORPORATE SOCIAL RESPONSIBILITY33
2.1 BUSINESS MODEL37
2.1.1 CONCRETE LONG-TERM COMMITMENTS42
2.1.2 AN AMBITIOUS AND STRUCTURING CSR STRATEGY43
2.1.3  MATERIALITY ANALYSIS44
2.1.4 ANALYSIS OF NON-FINANCIAL RISKS46
2.1.5 CSR STRATEGY47
2.1.6 CSR GOVERNANCE52
2.2 PEOPLE: TEAMS55
2.2.1 GENERAL INFORMATION ABOUT EMPLOYEES58
2.2.2 EMPLOYEE FULFILMENT AND WELL-BEING58
2.2.3 DIVERSITY, EQUITY AND INCLUSION73
2.3 PEOPLE: SAVOIR-FAIRE83
2.3.1 FOSTERING NEW CAREERS FOR CRAFTSPEOPLE86
2.3.2 INTEGRATING AND DEVELOPING EMPLOYEES AND TEAMS90
2.3.3 DEVELOPING AND PRESERVING HISTORICAL SAVOIR-FAIRE98
2.4 THE PLANET: RAW MATERIALS101
2.4.1 ECO-DESIGN AND CIRCULAR ECONOMY105
2.4.2 SUPPLY CHAINS112
2.4.3 BIODIVERSITY121
2.5 THE PLANET: ENVIRONMENT131
2.5.1 ENVIRONMENTAL ACTIONS FRAMEWORK135
2.5.2 RESPONSIBLE REAL ESTATE136
2.5.3 RESOURCE MANAGEMENT137
2.5.4 WASTE CONTROL145
2.5.5 CONTROL OF POLLUTION RISKS147
2.5.6 CLIMATE CHANGE151
2.6 COMMUNITIES: SUPPLIERS & PARTNERS171
2.6.1 SUPPORT AND CONTROL174
2.6.2 DEVELOPMENT OF RESPONSIBLE PURCHASING182
2.7 COMMUNITIES: STAKEHOLDERS AND TRANSPARENCY185
2.7.1 REGIONAL RESPONSIBILITY IN FRANCE188
2.7.2 SOCIALLY RESPONSIBLE COMPANY190
2.7.3 COMMUNICATION AND TRANSPARENCY VIS-À-VIS STAKEHOLDERS195
2.7.4 APPLICATION OF THE EUROPEAN TAXONOMY TO THE HERMÈS GROUP198
2.7.5 ANALYSIS OF CORRESPONDENCE WITH THE MAIN NON-FINANCIAL REPORTING FRAMEWORKS202
2.7.6 HERMÈS' CONTRIBUTION TO THE UN SUSTAINABLE DEVELOPMENT GOALS (SDGS)211
2.8 ETHICS – COMPLIANCE215
2.8.1  PROMOTING ETHICS216
2.8.2 FIGHTING AGAINST CORRUPTION222
2.8.3 PROTECTING PERSONAL DATA224
2.8.4 DUTY OF CARE225
2.9 REPORT OF ONE OF THE STATUTORY AUDITORS, APPOINTED AS INDEPENDENT THIRD PARTY, ON THE VERIFICATION OF THE CONSOLIDATED NON-FINANCIAL STATEMENT231
2.10 REASONABLE ASSURANCE REPORT FROM ONE OF THE STATUTORY AUDITORS ON THE IDENTIFIED SUSTAINABILITY INFORMATION OF HERMÈS INTERNATIONAL’S NON FINANCIAL PERFORMANCE STATEMENT AS AT/ FOR THE YEAR ENDED DECEMBER 31 , 2022238
3. CORPORATE GOVERNANCE241
SUPERVISORY BOARD CORPORATE GOVERNANCE REPORT243
3.1 THE COMPANY’S CORPORATE GOVERNANCE CODE243
3.1.1 CORPORATE GOVERNANCE PRINCIPLES APPLIED243
3.1.2 PROVISIONS OF THE AFEP-MEDEF CORPORATE GOVERNANCE CODE NOT APPLIED AND THOSE NEWLY COMPLIED WITH243
3.2 AMBITIOUS AND BALANCED GOVERNANCE247
3.2.1 ORGANISATIONAL STRUCTURE OF HERMÈS INTERNATIONAL AS AT 31 DECEMBER 2022247
3.2.2 TWO TYPES OF PARTNERS248
3.2.3 GOVERNANCE BY NATURE DISSOCIATED249
3.3 ADMINISTRATIVE AND MANAGEMENT BODIES250
3.3.3 GOVERNING BODIES250
3.3.4 NON-DISCRIMINATION AND DIVERSITY POLICY254
3.3.5 SUCCESSION PLAN FOR SENIOR EXECUTIVES256
3.4 ORGANISATION OF THE SUPERVISORY BOARD257
3.4.1 KEY DATA ON THE SUPERVISORY BOARD AS AT 31 DECEMBER 2022257
3.4.2 APPLICABLE PRINCIPLES258
3.4.3 DIVERSITY POLICY APPLIED WITHIN THE SUPERVISORY BOARD260
3.4.4 SUCCESSION PLAN FOR THE CHAIRMAN OF THE SUPERVISORY BOARD262
3.4.5 COMPOSITION OF THE SUPERVISORY BOARD263
3.4.6 INDEPENDENCE OF THE MEMBERS OF THE SUPERVISORY BOARD268
3.4.7 SUPERVISORY BOARD ETHICS270
3.5 FUNCTIONING OF THE SUPERVISORY BOARD273
3.5.6 CORPORATE SOCIAL RESPONSIBILITY273
3.6 SPECIALISED COMMITTEES275
3.6.1 APPLICABLE PRINCIPLES275
3.6.2 CAG-CSR COMMITTEE276
3.6.3 AUDIT AND RISK COMMITTEE280
3.8 COMPENSATION AND BENEFITS OF CORPORATE OFFICERS283
3.8.2 OVERVIEW OF COMPENSATION AND BENEFITS OF ALL KINDS FOR CORPORATE OFFICERS288
4. RISK FACTORS AND MANAGEMENT297
4.1 RISK FACTORS298
4.1.1 RISKS RELATED TO STRATEGY AND OPERATIONS300
4.1.2 INDUSTRIAL RISKS305
4.1.3 LEGAL AND REGULATORY RISKS309
4.1.4 RISKS RELATED TO SOCIAL, SOCIETAL AND ENVIRONMENTAL RESPONSIBILITY310
4.3 RISK MANAGEMENT, INTERNAL CONTROL AND INTERNAL AUDIT314
4.3.1 A DEMANDING CONTROL ENVIRONMENT314
4.3.2 COMMITTED PARTIES RESPONSIBLE FOR RISK MANAGEMENT AND CONTROL314
4.3.3 A CONTROLLED RISK MANAGEMENT SYSTEM317
4.3.4 A MATURE INTERNAL CONTROL SYSTEM318
4.3.5 AN AGILE INTERNAL AUDIT SYSTEM321
5. CONSOLIDATED FINANCIAL STATEMENTS325
5.1 CONSOLIDATED INCOME STATEMENT326
5.2 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME326
5.3 CONSOLIDATED BALANCE SHEET327
7. INFORMATION ON THE COMPANY AND ITS SHARE CAPITAL335
7.2 INFORMATION ON SHARE CAPITAL AND SHAREHOLDERS336
7.2.1 INFORMATION ON SHARE CAPITAL336
7.2.2 INFORMATION ON SHAREHOLDERS336
7.4 STOCK MARKET INFORMATION343
7.4.1 SUMMARY OF STOCK MARKET INFORMATION343
7.4.2 HISTORY OF MONTHLY TRANSACTIONS343
7.4.3 HERMÈS INTERNATIONAL SHARE PRICE HISTORY344
7.5 SHAREHOLDER INFORMATION345
7.5.5 DIALOGUE WITH SHAREHOLDERS AND THE FINANCIAL COMMUNITY IN 2022345
9. ADDITIONAL INFORMATION347
9.1 PERSONS RESPONSIBLE FOR THE UNIVERSAL REGISTRATION DOCUMENT348
9.1.1  NAME AND FUNCTION OF PERSONS RESPONSIBLE FOR THE INFORMATION CONTAINED IN THE UNIVERSAL REGISTRATION DOCUMENT348
9.1.2 CERTIFICATION BY THE PERSONS RESPONSIBLE FOR THE UNIVERSAL REGISTRATION DOCUMENT348
9.5.5 CROSS REFERENCE TABLE FOR THE NON-FINANCIAL PERFORMANCE STATEMENT349
9.6 GLOSSARY350

Made with FlippingBook Ebook Creator