Hermès // CSR Extract 2023
CORPORATE SOCIAL RESPONSIBILITY AND NON ‑ FINANCIAL PERFORMANCE COMMUNITIES: STAKEHOLDERS AND TRANSPARENCY
2.7 COMMUNITIES: STAKEHOLDERS AND TRANSPARENCY
Hermès’ sustainable development is rooted in harmonious long‑term relationships with its stakeholders. Hermès acts as a socially responsible company wherever it operates, contributing to the economic, social and cultural vitality of the regions. Hermès communicates its sustainable development ambitions and achievements with its stakeholders. More broadly, Hermès contributes to the public dialogue by sharing the specificities of its responsible and sustainable model.
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Introduction Aware of its responsibility in terms of contribution to regional development, Hermès mainly locates its production activities in France. With 75 own production and training sites worldwide, including 60 in France, Hermès contributes to the sustainable development of the regions through employment (4,877 new employees in France over the past five years) and promotes the creation of sustainable value (recruitment in the local area, employee training, etc.). Diverse initiatives enable Hermès to express its uniqueness, as well as extend its outreach into numerous regions, and create constructive ties with local economic players. These harmonious relationships with stakeholders contribute to its local integration and its contribution to having a positive impact. They reinforce employees’ pride in belonging.
Moreover, the House’s subsidiaries and sites organise local charitable operations. They stimulate and cultivate the desire of employees to become more involved in these very diverse subjects, each in their own way. Dedicating time, investing personally, being open to others and giving back to society a part of what it gives us… around the world, a multitude of local interest projects thrive thanks to Hermès. The founding values of Hermès are also expressed through the Fondation d’entreprise Hermès, created in 2008. This creates favourable conditions for the design of works, the transmission of savoir‑faire, the preservation of the environment and the promotion of solidarity actions.
In 2023, the Group made progress in its local anchoring and stakeholder relations approach with a philosophy of undertaking steady in‑depth improvements over the long term. Among these, the elements selected below are particularly illustrative of 2023 for this section: nearly 388 solidarity and social actions around the world; s an emblematic project to replant 20,000 trees with the Est Ensemble urban community; s 26% of the added value redistributed to the public authorities and 20% redistributed to employees, on average over the last three years; s progress in non‑financial assessment scores: s keeping its place on the “A list” of the Carbon Disclosure Project (CDP) for water, new entry to the “A list” for climate, and A- for forests, • B- “prime” awarded by ISS ESG, • winner of the best improvement class in the Best Vigilance Plan rankings awarded by the Sustainable Investment Forum for the 2023 edition; • alignment of information relating to the Group’s non‑financial performance with the main ESG (environmental, social and governance) standards: TCFD (Task Force on Climate‑related Financial Disclosures), TNFD (Task Force on Nature‑related Financial Disclosures); SASB (Sustainability Accounting Standards Board); GRI (Global Reporting Initiative); PAI indicators (principal adverse impacts) of the SFDR (European Sustainable Finance Disclosure Regulation); s reasonable assurance report on a selection of CSR information published in this document. s
2023 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL EXTRACT FROM 2023 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
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