Hermès
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Hermès International is saddled with a reputation for luxury. The company, which got its start making harnesses for horse-drawn carriages, makes and sells luxury goods in nearly 15 categories, including leather goods, scarves, ties, watches, stationery, gloves, tableware, jewelry, perfume, men’s and women’s apparel, footwear, textiles, and home goods. More than 170 years old, the firm operates about 315 Hermès stores worldwide, with more than 50 shops in the US. It also sells its goods through about 20 other retail outlets. Descendants of founder Thierry Hermès own 74% of the company. Patrick Thomas became the first person outside of the family to lead the company when he was announced as sole CEO in 2006.
4.34
Overall Excellence Rating
Industry
Retail & WholesaleCategory
Clothing & Shoe Stores, DepartmentESG/Ethical Impact
Global warming, its impact on biodiversity and the industrialisation of raw materials are areas of concern, which we address through our climate strategy, our concrete initiatives in terms of responsible supply chains and our policies to preserve natural resources. Thanks to its craftsmanship model and a production mainly in France, Hermès is today one of the lowest carbon emitters among CAC 40 companies. Nevertheless, taking all the necessary measures to combat climate change, the Group has stepped up all actions aimed at reducing the Group’s footprint since 2020. Hermès has developed a climate transition plan which is available on the Hermès Finance website (1). The Executive Committee thus updated and validated the Group’s strategy with ambitious objectives founded in science, through its membership of the Science‐Based Targets initiative (SBTi) in order to achieve zero net emissions by 2050.
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Awards Received
2023
Revenues
12400000000
Website Traffic
Employee Rating
4
Customer Rating
3.5
Company Size
10000+
ESG Risk Rating
4