Hermes

Apparel, Accessories & Luxury Goods

RMS.PA

€ 2,317 0.85

Share price

$ 263 bn

Market Cap

$ 254 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0x the weighted average for S&P 500

FY2022

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -9.3% weighted average for S&P 500

FY2023

Hermes aims to reduce Scope 1 + 2 by 50.4% by 2030 from a base year 2018

This target has not been verified as science based according to SBTi

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Stronger than the -1.4% weighted average for S&P 500

FY2023

Hermes aims to achieve net zero for all Scopes by 2050

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Hermes reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 31 Kt (-6.1 /-16.3% y-o-y). Also positively, carbon intensity fell to 2.6 t (-0.9 /-25.7% y-o-y).

Hermes's Scope 3 emissions skyrocketed to 610 Kt (+120/+24% y-o-y). This is a higher growth rate than over the period since 4Q'20 (+7.8% CAGR).

The company is committed to reducing Scope 1 + 2 by 50.4% by 2030 from a base year 2018, which translates into the estimated reduction of -1.6 Kt per annum over the period of FY2023 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -23 Kt per annum over the period of FY2023 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2022Q4	31	18	13	610	12,245	2.6
2021Q4	37	21	16	490	10,660	3.5
2020Q4	39	20	19	486	7,481	5.1
2019Q4	35	21	16	502	7,737	4.5
2018Q4	36	21	16	579	7,054	5.1