Hermès // CSR Extract 2023

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RISK FACTORS AND MANAGEMENT RISK FACTORS

4.1.2.3 HEALTH AND SAFETY ●

DESCRIPTION OF THE RISK s

POTENTIAL IMPACTS ON THE GROUP s

The Group ensures respect for human rights, fundamental freedoms, health and security of people, whether they are customers, employees, suppliers or subcontractors. The Hermès Group is committed to respecting local regulations in the countries in which it operates. The quality of the products sold and their compliance with the strictest regulations on personal security, are priorities for the Group.

Damage to the health and security of employees, customers or third‑parties working at Hermès sites, and non- compliance with the quality and security standards of the products sold, could give rise to litigation and undermine the

IMPACT PROBABILITY

Group’s reputation.

RISK MANAGEMENT s

The Group’s policy is to integrate health, security and well‑being issues in its operational strategy as a priority, in particular for its manufacturing activities. In accordance with law no. 2017‑399 of 27 March 2017 on the duty of care of parent companies and contractors, the Hermès Group has drawn up a vigilance plan. It aims to identify the risks and prevent violations of human rights and fundamental freedoms, the health and security of people and the environment, resulting from its activities, as well as those of its subcontractors or suppliers (see chapter 2 “Corporate social responsibility and non‑financial performance”, § 2.8). Moreover, the Group's industrial department leads an environment, health and security (EHS) network comprising around 20 EHS managers from the House’s different métiers . In addition to the traditional coordination of the network with two face‑to‑face meetings per year, three webinars were organised in 2023 to share results, learn from best practices from each of the business lines and define objectives. The main initiatives of the House’s various métiers are described in chapter 2. In most cases, they go beyond simple regulatory compliance to achieve true well‑being at work. Each métier has its specific needs as regards working conditions, so it is logical for each one to develop its own arrangements. Employee workstation risk assessments are carried out by EHS managers for each of the Group’s sites (stores and production sites). They are updated annually. The House of Hermès is committed to a “Zero Accident” trajectory. In 2023, a Group Health and Safety policy formalised the strategic framework aimed at preventing risks, preserving the health of employees, partners and customers, advancing the Group’s safety culture and managing associated performance. Hermès products are regularly tested throughout the supply and production chains. Tests on finished products are also carried out by independent laboratories in Europe, Asia and the United States, to verify their compliance with the most stringent regulations in force, as well as their security. Monitoring is carried out to analyse constantly changing regulations, with the results being formalised in a restricted substances list (RSL) shared with all métiers and transcribed in the multi‑material product specifications. The Group’s industrial department coordinates a network of regulatory correspondents from the métiers and distribution subsidiaries, which meets several times a year to discuss regulatory changes in the various countries where the Group operates. The mitigation and prevention mechanisms for these risks are addressed specifically in chapter 2.

Strategy and operations

Industry

CSR

Regulatory compliance

Finance

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

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