RATING
Neutral
SECTOR
Luxury goods, perfumes and cosmetics
Chief Sustainability Officer
Stock Exchange and Ticker
EPA: RMS
Website
Contact
T: + 33 (0)1 40 17 44 37
E.mail: N/A
Listing
- #28 World’s Top Female-Friendly Companies (2022)
- #777 World’s Best Employers (2022)
- #624 Global 2000 (2022)
Awards
- For the second consecutive year, Hermès won the Grand Prix Humpact Emploi France 2021
- France #777 World’s Best Employers (2022)
Revenue
€8,982 M
Market Capitalisation
$134.99 B
Employees
1.487
Content source
- HERMÈS CLIMATE COMMITMENTS FOR A 1.5°C PATHWAY VALIDATED BY THE SCIENCE BASED TARGET INITIATIVE (SBTi) AND THE HOUSE’S ENVIR
- https://assets-finance.hermes.com/s3fs-public/node/pdf_file/2022-04/1649670586/HERMES_RA_2021_EN_DP_00_V2%2001.pdf
- https://www.forbes.com/companies/hermes-international/?sh=1df825cd3329
- Hermès International (French luxury manufacturer) Reviews | Read Customer Service Reviews of www.hermes.com
- Hermès Reviews – Read 143 Genuine Customer Reviews | www.hermes.com
- Total lack of respect for the customer – Review of Hermes, Paris, France – Tripadvisor
- Eco-design | Hermès Finance
- Resource management (water, energy, waste) | Hermès Finance
- https://www.google.com/finance/?oq=hermes+stock+exchange&aqs=chrome..69i57j0i22i30l8j0i390.2778j0j4&sourceid=chrome&ie=UTF-8&sa=X&ved=2ahUKEwiFv5D0__j6AhVa_7sIHayDDmMQ6M8CegQIKBAI
- Hermès (RMS.PA) – Market capitalization
- https://www.forbes.com/companies/hermes-international/?sh=ce4a0153329c
Hermès Sustainability Report
Evaluation of Hermès
Although they did not clearly state their goals in their reports, they made good progress in line with the two main goals they mentioned. The fact that 58% of the group’s products are produced in-house, in onsite workshops, and 78% of them are made in France makes their supply chains largely sustainable. In addition, they have taken their first steps on this path by adopting a vegan principle in sourcing raw materials. The ratings and index scores they win prove that the company is following the right strategy in order to be 100% sustainable. On the Internet, although there are not many articles about them, what we can find is generally positive. However, better reporting and exposure of achievements would benefit the credibility of the company. Therefore, the outlook is neutral.
Sustainability Scorecard
Hermès Company Activity
Hermès was established in 1837 by Thierry Hermès. Thierry originally made high quality harnesses and bridles for carriages and won several awards for his works. In 1880 his two sons helped retail the brand and grew the market to not only leather goods but accessories and clothing. In 1929, Hermès opened up two more shops in Paris and ventured into the United States. Soon after the “Kelly bag” was introduced and is still one of the brand’s most well known pieces. Hermès added scarves, neckties, and watches to its repertoire along with a number of perfumes and colognes. Hermès is one of the most valuable brands to date and continues to be a staple in luxury fashion.
Hermès Sustainability Activity - As per company declarations
A family-owned and independent artisanal house since 1837, Hermès creates beautiful and functional objects that can be repaired and passed on from generation to generation. The quality of the materials, combined with the exceptional know-how kept alive by its artisans, makes for sustainable creations characterised by timeless elegance. Committed to humanist and artisanal values, the company, which employs more than 16,000 people, is dedicated to a responsible approach based—in both its production and development—on a never-ending demand for quality and reflected in its cultural, societal, and environmental commitments.
Certificate & Labels, Standards and Frameworks
- Responsible Jewellery Council
- 100% of the cardboard used for orange boxes is FSC certified
Hermès in the news: Press Reviews and Social Media
Inside Hermès: Where leather factories are still the future | Vogue Business
In France, Hermès has launched its 19th leather workshop. The company is reaffirming its commitment to using animal leather by investing in new workshops. The promise, though, creates concerns for the company’s survival. Hermès invested in MycoWorks earlier this year, and the company plans to release its first goods by the end of 2021. Fournier answers to the question of whether animal leather is sustainable by citing its durability, which was a point raised by every Hermès employee Vogue Business spoke to, as well as the repair services provided and the employment generated.
The Hermès Group runs 64 production facilities worldwide, including 51 in France and others in the US, Australia, Italy, Portugal, Switzerland, and the UK. Not considered waste, leather offcuts and scraps are instead given to the company’s Petit H line for upcycling.
Hermes has committed €1.4 million to improving the handling of tannery waste. 35 different varieties of leather, the bulk from Hermès’ own tanneries, are used in its goods. Alternative fuel is produced from dye waste, which makes up 50% of the brand’s waste. According to business data, 63% of non-hazardous garbage was sorted and recycled in 2020.
Would You Buy Hermès Bags Made From Mushroom Leather?
In France, Hermès has launched its 19th leather workshop. The company is reaffirming its commitment to using animal leather by investing in new workshops. This is due to the fact that they are more biodegradable and may be grown and reproduced without harming the environment. The promise, though, creates concerns for the company’s survival. This is because they are more biodegradable and can be grown and reproduced without harming the environment. This means that even when they are disposed of, they won’t create a lot of garbage. The procedures used to waterproof the mushroom leather and make it more durable than animal leather, among other things, may nevertheless be hazardous to the environment depending on the resources available to the production business.
Hermès Goes Vegan – iconiccollection.com
A new environmentally friendly version of Hermès’ iconic Victoria bag has been released. The leather is created from a substance created in a lab that mimics the characteristics of leather. The company gives its environmentally friendly goods the same attention to detail that it is recognized for. According to Pierre-Alexis Dumas, the artistic director of Hermès, the company is at the forefront of innovation. “Fine Mycelium offers a solution that not only satisfies these requirements but also improves the product design process by allowing companies to modify a natural material with never-before-seen freedom.” Hermès is using the same degree of workmanship it is known for to create its sustainable products, even though the leather may be vegan.
The controversy about Hermès and the replies on crocodile truth – LaConceria | Il portale dell’area pelle Jane Birkin asks Hermes to take name off crocodile handbag
After Hermes invested in Australia’s biggest crocodile factory farm, the British singer Jane Birkin has asked luxury manufacturer Hermes to remove her name from its crocodile-skin handbag after learning of the “cruel” methods used to make the iconic accessory.
Highlights from Hermès Sustainability Report
Achievements
- Over the past 10 years, reductions in industrial energy intensity – 48.2% and industrial water – 35.4%
Weaknesses and Setbacks
- Weak reporting
- Not clear targets
Targets vs Progress Reported
| Target | Results reported |
|---|---|
| Throughout the period of 2018–2030, Hermès pledges to reduce scope 1 and 2 emissions by 50.4% in absolute value and scope 3 emissions by 58.1% in intensity | - 15.3% reduction in carbon emissions across all scopes between 2018 and 2021 - Absolute reduction trajectory (2018 vs 2030) of 50.4% of scope 1 and 2 emissions, and 58.1% in intensity on scope 3 validated by SBTi |
| 100% renewable electricity in direct operations by 2025 | In the entire group, renewable energy sources provide 86.9% of the power |
