Hermès // CSR Extract 2023
2
CORPORATE SOCIAL RESPONSIBILITY AND NON ‑ FINANCIAL PERFORMANCE BUSINESS MODEL
The change in the positioning of several issues is consistent with the initiatives carried out by the Group for its internal and external stakeholders over the last two years, as evidenced by the following changes in positioning. Main movements observed: the issue of animal welfare has increased in terms of financial materiality and impact materiality. This subject, which is an integral part of Hermès’ sourcing policy, needs to encourage the continuation of the research and collaboration actions already undertaken with the international scientific community and associations, in order to promote breeding practices that increasingly take better animal welfare into account; s the impact materiality has also increased for the subject of supplier support. This positive change echoes the detailed work carried out internally that led to the initiatives recently undertaken by Hermès to support sustainable transformation in its supply chains (for example, the publication of the forest policy). The uniqueness of our s
Most material issues in 2023 The four issues classified as most material (sustainable materials and responsible sourcing, ethics and human rights, animal welfare, and savoir‑faire and corporate culture) are of course the subject of dedicated sections, or even chapters in the Group’s Non‑Financial Performance Statement. Thanks to their importance in Hermès’ sustainability strategy, they are also the subject of policies and presentation materials distributed internally and externally to all our stakeholders. craftsmanship model and the long‑term relationships forged with our suppliers promote local support, with a “win‑win” objective; lastly, the impact materiality of the employee well‑being, health and development issue is perceived as less significant than before (relative to other issues). This issue is essentially focused on our human capital, so it has less of an impact on our external stakeholders and our ecosystem. s
Part or paragraph in chapter 2 of the universal registration document
Issue
Published documents
Sustainable raw materials and responsible sourcing
§ 2.4.2
CSR brief Supply chain brief Forest policy Supplier code of conduct (drawn up in 2023, published in 2024)
Ethics and human rights
§ 2.8
Ethics charter Code of business conduct Supplier code of conduct Anti‑corruption code Vigilance plan
Animal welfare
§ 2.2.4
Animal welfare policy
Savoir‑faire and corporate culture § 2.3
Presentation platform of the École Hermès des Savoir‑Faire (in French) https://ecole.hermes.com/lecole/
2023 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL EXTRACT FROM 2023 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
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