Hermes
Hermès International SCA, commonly known as Hermès, is a prestigious French luxury goods manufacturer headquartered in Paris, France. Founded in 1837, the brand has established itself as a leader in the luxury industry, renowned for its exquisite craftsmanship and timeless elegance. Hermès operates globally, with a strong presence in Europe, Asia, and the Americas, catering to a discerning clientele. The company is celebrated for its core products, including leather goods, silk scarves, and ready-to-wear fashion, each distinguished by meticulous attention to detail and quality. Notable achievements include the iconic Birkin and Kelly bags, which have become symbols of luxury and exclusivity. With a commitment to heritage and innovation, Hermès continues to maintain its esteemed market position, embodying the essence of luxury craftsmanship.
DitchCarbon Score
How does Hermes's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Wholesale Trade industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Hermes's score of 69 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hermes's reported carbon emissions
In 2023, Hermès reported total carbon emissions of approximately 665,800,000 kg CO2e, with emissions distributed across various scopes: 22,000,000 kg CO2e from Scope 1, 9,200,000 kg CO2e from Scope 2, and a significant 643,800,000 kg CO2e from Scope 3. This represents a continued commitment to transparency in their carbon footprint, which has seen fluctuations over recent years, with total emissions recorded at 640,900,000 kg CO2e in 2022, 527,500,000 kg CO2e in 2021, and 501,000,000 kg CO2e in 2020. Hermès has set ambitious climate commitments, aiming for a 50.4% reduction in absolute Scope 1 and 2 emissions by 2030, based on 2018 levels. Additionally, they target a 58.1% reduction in Scope 3 emissions per million euros of value added over the same period. The company is also committed to sourcing 100% renewable electricity by 2025 and maintaining this through 2030. These targets are aligned with the Science-Based Targets initiative (SBTi) and reflect Hermès's long-term goal of achieving net-zero emissions by 2050. Overall, Hermès's proactive approach to reducing its carbon emissions demonstrates a commitment to sustainability within the luxury goods sector, addressing both direct and indirect emissions through comprehensive strategies.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 22,100,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 21,700,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 578,700,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hermes is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
