The house has also revealed its “A-“ result in the 2021 evaluation by CDP, a not-for-profit charity that runs a global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.

Hermès’ new objectives, validated by the SBTi, focus on the reduction of 50.4% of scope 1 and 2 emissions in absolute value and 58.1% of scope 3 emissions in intensity (per €m of gross margin) over the 2018-30 period.

To achieve these goals, the company will prioritise reducing the carbon footprint/m² of its real estate, built or renovated, by 50% by 2030 and introducing 100% renewable electricity in direct operations by 2025.