Hermès // CSR Extract 2023

4

RISK FACTORS AND MANAGEMENT AFR

RISK FACTORS

384 386 392 396 397 401 405 405 405 408 409 412 404

4.1

Risks related to strategy and operations

4.1.1 4.1.2 4.1.3 4.1.4 4.1.5

Industrial risks

Legal and regulatory risks

Risks related to social, societal and environmental responsibility

Financial risks

INSURANCE POLICY AND RISK HEDGING

4.2

RISK MANAGEMENT, INTERNAL CONTROL AND INTERNAL AUDIT

4.3

A demanding control environment

4.3.1 4.3.2 4.3.3 4.3.4 4.3.5

Committed parties responsible for risk management and control

A controlled risk management system A mature internal control system

An agile internal audit system

2023 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL EXTRACT FROM 2023 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

383