Hermes

Hermès's latest available emissions data indicate a total of approximately 747,810,000 kg CO2e for 2024. This total includes Scope 1 emissions of about 17,800,000 kg CO2e, Scope 2 emissions (market-based) of approximately 2,693,000 kg CO2e, and Scope 3 emissions of roughly 735,144,000 kg CO2e. The majority of Scope 3 emissions in 2024 stemmed from purchased goods and services, accounting for approximately 530,107,000 kg CO2e.

Looking ahead to 2025, Hermès projects a reduction in total emissions to approximately 658,455,000 kg CO2e. This projection includes Scope 1 emissions of about 19,104,000 kg CO2e, Scope 2 emissions (market-based) of roughly 767,000 kg CO2e, and Scope 3 emissions of approximately 660,263,000 kg CO2e.

Hermès has established several climate commitments. The company aims to achieve net-zero emissions by 2050. Near-term targets include reducing absolute Scope 1 and 2 GHG emissions by 50.4% by 2030, from a 2018 base year. This target also includes an ambition to increase annual sourcing of renewable electricity from 69% in 2018 to 100% by 2025, and to maintain 100% renewable electricity sourcing through 2030. For Scope 3 emissions, Hermès commits to a 58.1% reduction per million euros of value added by 2030, also from a 2018 base year. These targets are consistent with reductions required to keep warming to 1.5°C, according to the Science Based Targets initiative (SBTi). Hermès also aims to halve the carbon footprint per square metre of buildings built and renovated by 2030, compared to 2018.

All emissions and targets data are inherited from its parent company, Hermès International Société en commandite par actions.