HERMES_REGISTRATION_DOCUMENT_2017

OVERVIEW OF THE GROUP

RISK FACTORS

preservation of biodiversity. In addition, the support we provide to WWF reinforces our commitment to biodiversity , through the continuing ini- tiatives in this area, in partnership with Iddri, since the Foundation was created. Acting to support the common good is an act of altruism which in itself involves respect for otherness, something that, in a complex world, it is all the more important to speak up for. Everyone we deal with, whether craftsmen, artists, volunteers or managers of public service organisa- tions, embodies this responsibility to act for a peaceful and fair world. The exemplary nature of their creative acts is the driving force behind our activity. This text by the Fondation d’entreprise Hermès appears in the complete activity report available at: www.fondationdentreprisehermes.org, “The Foundation” section.

unit workshops – contributes to the emergence of original forms. For ten years many creators have ventured successfully into new artistic and geographical territories thanks to the Foundation’s support. Many spectators and visitors have been moved, stimulated or even shaken by works of enormous intensity. The Foundation is please to contribute not only to the emergence of the most daring creations, but also to making them available to an increasingly large audience. One of the strengths of a foundation like ours must be that it is firmly rooted within the Company itself. Eliciting the support and involvement of our colleagues has been made possible thanks to our shared culture. In this respect, the H 3 , Heart–Head–Hand programme plays amajor role in understanding our public service role and in dialogue with our collea- gues. During the two editions of the H 3 programme, these have enabled us to support projects that are remarkable for their relevance and their impact in the fields of the transfer of savoir-faire, access to culture and

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RISK FACTORS

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The main risk factors for the Group, taking its business model into account, together with a detailed description of its risk management system, are described in this chapter.

The Group has implemented a system to anticipate and control risk. This system is constantly updated to allow for regulatory, legislative, econo- mic, corporate, geopolitical and competitive developments.

Limiting industrial risks and respecting the environment Control over and protection of sourcing Balancing and safeguarding our distribution

Risks linked to the operational strategy

Minimising risks to property assets IT risk monitoring and prevention Protecting the health and safety of consumers Recruiting and training employees and craftsmen in the standards of excellence required by the Group

Compliance with applicable laws and regulations in all areas Protecting and defending intellectual property rights and combating counterfeiting

Legal and regulatory risks

Conservative cash management Control over exchange rate risk Control over counterparty risk Financial risks related to climate change

Financial risks

2017 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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