Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT
CORPORATE SOCIAL RESPONSIBILITY AND NON ટ FINANCIAL PERFORMANCE COMMUNITIES: STAKEHOLDERS AND TRANSPARENCY
2.7.5.3 TNFD CORRESPONDENCE ANALYSIS A working group was set up on the disclosure of financial information relating to nature (Taskforce on Nature‑related Financial Disclosures – TNFD) to develop and provide a reporting framework for risks and opportunities related to the evolution of nature and to act accordingly, with the ultimate aim of supporting a reorientation of global financial flows towards projects with positive externalities for nature. In November 2022, this group published a transparency framework, to which Hermès is aligned by publishing the information required in this Non‑Financial Performance Statement. The details of the alignment with this framework are presented in the table below: Sections in the universal registration document Governance Governance of the organisation regarding nature‑related dependencies, impacts, risks and opportunities The topic of Biodiversity was supervised by the Sustainable Development Board (with four members of the Executive Committee) in 2022. §2.1 and §2.4.3
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Nature strategy Disclose the actual and potential impacts of risks and opportunities related to nature on the activities, strategy and financial planning of the organisation when this information is material The Group’s Biodiversity master plan is built around six components in line with the recommendations of the TNFD and those of the Act4Nature International system: vision, governance and organisations, the four pillars of our commitments (train, collaborate, assess, act). Board oversight of nature‑related dependencies, impacts, risks and opportunities s Management’s role in assessing and managing nature‑related dependencies, impacts, risks and opportunities s Nature‑related dependencies, impacts, risks and opportunities that the organisation has identified in the short, medium and long term s Impact of nature‑related risks and opportunities on the Group’s activities, strategy and financial planning s Resilience of the organisation’s strategy, taking various scenarios into consideration s Interactions of the organisation with low integrity ecosystems, high importance ecosystems or areas of water stress s Nature‑related risk management How the organisation identifies, assesses and manages nature‑related dependencies, impacts, risks and opportunities The loss of biodiversity and the degradation of ecosystems threaten the sustainability of the natural resources from which the House’s materials are sourced, weaken the planet and disrupt the living conditions of populations. Organisational processes to identify and assess nature‑related dependencies, impacts, risks and opportunities s Organisational processes to manage nature‑related dependencies, impacts, risks and opportunities s Processes for identifying, assessing and managing nature‑related risks are integrated into the organisation’s overall risk management s Approach of the organisation to locate the sources of the data entered, used to create value likely to generate nature‑related dependencies, impacts, risks and opportunities s Involvement of stakeholders, in particular rights holders, by the organisation in its assessment and response to nature‑related dependencies, impacts, risks and opportunities s
§2.1.6 and §2.4.3 §2.1.6 and §2.4.3
§2.4.3 and §4.1.4
§4.1.4
§2.5.6 and §4.3 §2.5.6 §2.4.3
§2.4.3, §4.1.4, and §4.3
§2.4.3 and §4.3 §4.3 §4.3
§2.4.3. and §2.5.6
§2.4.3
2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
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