Hermès International

"Hermès International has committed to achieving net zero emissions by 2050 through the Science-Based Targets initiative (SBTi). Net Zero Tracker
The company has set interim targets of a 50.4% reduction in absolute value for scopes 1 and 2 emissions and a 58.1% reduction in relative value for scope 3 emissions over the period 2018 to 2030. Net Zero Tracker
An interesting fact about Hermès International's environmental policy is that it allows for traded credits (offsets) from outside its territory/value chain to meet the target, provided they avoid social harm. Net Zero Tracker
In addition, you can check out the net-zero …"

Current Score (vs. LY)

68.8 pts (-)

Last Update: Dec. 12, 2023

Current Rankings

Global: #15

CAC40: #7

Consumer Discretionary: #3

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2022Y2021Y2020
Scope 1 18,00021,30019,900
Scope 2 - location-based NANANA
Scope 2 - market-based 13,30016,10018,700
Scope 1-2 - location-based 18,00021,30019,900
Scope 1-2 - market-based 31,300 37,400 38,600
Scope 3 609,700501,600462,400
Total - location-based 627,700522,900482,300
Total - market-based 641,000 539,000 501,000

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 641,000539,000
Methodology As reportedAs reported

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Hermès International belongs to the sector Consumer Discretionary.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2MKT 50.4 2018 2030


Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email



Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3MKT NO 2050
S1S2S3MKT PARTLY 2050


Science-based Targets (SBTI)

Date Published / Updated :01/02/2022

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2030 No target Yes

Hermès commits to reduce absolute scope 1 and 2 GHG emissions 50.4% by 2030 from a 2018 base year.* Hermès commits to reduce scope 3 GHG emissions 58.1% per million euros of value added by 2030 from a 2018 base year. Hermès also commits to increase annual sourcing of renewable electricity from 69% in 2018 to 100% by 2025 and commits to continue sourcing 100% renewable electricity through 2030.*The target boundary includes biogenic emissions and removals from bioenergy feedstocks.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Hermès International by zerotracker.net: April 14, 2023
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • Avoid social harm
Plans for carbon dioxide removal (CDR) Yes (unspecified)

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points)
Max
(points)
Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 -
2 Scope 3 emissions are fully reported and externally-verified 10.0 10.0 -
3 CDP score demonstrates the level of transparent disclosures 9.0 10.0 -
Transparency 29.0 30.0 -
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 6.0 10.0 -
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 -
6 Emission reduction targets on a forward-looking basis are ambitious 3.823961661341853 10.0 -
7 Targets are science-based as validated by SBTi 10.0 10.0 -
Commitments 19.823961661341855 40.0 -
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 10.0 10.0 -
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
10 Implied Temperature Rating by MSCi 10.0 10.0 -
Results 20.0 30.0 -
Total 68.8 100.0 -


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 -
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 -
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? full 5.0 / 5.0 -
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? full 5.0 / 5.0 -
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A- 9.0 / 10.0 -
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 -
Does the net zero target include an intermediate target by 2030? 2030 3.0 / 3.0 -
Does the net zero target include all the emissions? NC 0.0 / 4.0 -
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2050 0.0 / 5.0 -
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 -
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? 3.8
3.8 / 5.0 -
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
0.0 / 5.0 -
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set 1.5°C 10.0 / 10.0 -
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 16.8
Actual (in %): 28.5
5.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %): 3.8
Actual (in %): 16.3
5.0 / 5.0 -
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
0.0 / 5.0 -
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.4°C 10.0 / 10.0 -
Total 68.8 / 100.0 -


Available Data Sources

Reporting Year 2022 2022 2021 2021 2020 2019 2019
Source Public Wikirate (NV) Public Wikirate Public Public Wikirate (NV)
Publication Year 2023 2023 2023 2022 2023 2023 2020
Scope 1 18,000 NA 21,300 21,257 19,900 20,900 NA
Scope 2 - location-based NA NA NA 16,124 NA NA NA
Scope 2 - market-based 13,300 NA 16,100 NA 18,700 20,500 NA
Scope 1-2 - location-based 18,000 0 21,300 37,381 19,900 20,900 0
Scope 1-2 - market-based 31,300 NA 37,400 NA 38,600 41,400 NA
Scope 3 609,700 609,600 501,600 490,055 462,400 483,400 501,500
Total - location-based 627,700 609,600 522,900 527,436 482,300 504,300 501,500
Total - market-based 641,000 NA 539,000 NA 501,000 524,800 NA

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email