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 74 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. This figure includes 22,000,000 kg CO2e from Scope 1 emissions, 9,200,000 kg CO2e from Scope 2 emissions, and a significant 643,800,000 kg CO2e from Scope 3 emissions, which encompasses categories such as purchased goods and services (433,600,000 kg CO2e) and employee commuting (25,300,000 kg CO2e). Hermès has set ambitious climate commitments, aiming for a reduction of 50.4% in absolute Scope 1 and 2 emissions by 2030, using 2018 as the baseline year. Additionally, the company targets a 58.1% reduction in Scope 3 emissions per million euros of value added by the same year. To support these goals, Hermès is committed to sourcing 100% renewable electricity by 2025 and maintaining this sourcing through 2030. Looking further ahead, Hermès has pledged to achieve net zero emissions by 2050, aligning with the Science-Based Targets initiative (SBTi) to ensure that their reduction targets are consistent with limiting global warming to 1.5°C. This long-term commitment includes an overall reduction of greenhouse gas emissions by at least 80% before 2050.
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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.
