Hermes

Apparel, Accessories & Luxury Goods
RMS.PA
€ 1,087 (0.37)%
Share price
$ 120 bn
Market Cap
$ 126 bn
Enterprise Value

Carbon footprint

0.3 Ton
GHG emissions per $ 1 mln investment
0.01x the weighted average for S&P 500
FY2021
How is this calculated?
-2.9%
YOY change in GHG emissions
Weaker than the -8.7% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-4.6%
Proj. YOY change in GHG emissions (Scope 1 + 2)
In line with the -5.1% weighted average for S&P 500
FY2022
How is this calculated?

Hermes aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2018


This target has not been verified as science based according to SBTi
Hermes's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-4.6%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -6.9% weighted average for S&P 500
FY2022
How is this calculated?

Hermes aims to reduce all Scopes by 50% by 2030 from a base year 2018


This target has not been verified as science based according to SBTi
Hermes's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Hermes's GHG emissions (market-based) (Kt of CO2e)
Hermes's Carbon intensity (Tons per 1 USDm)

Hermes's carbon footprint

Hermes reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 37 Kt (-1.1 /-2.9% y-o-y). Also positively, carbon intensity plunged to 3.5 t (-1.6 /-31.4% y-o-y).

Hermes's Scope 3 emissions increased to 490 Kt (+28/+6% y-o-y). The parameter has been fairly volatile.

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2018, which translates into the estimated reduction of -1.7 Kt per annum over the period of FY2022 - 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 reducing all Scopes by 50% by 2030 from a base year 2018, which translates into the estimated reduction of -24 Kt per annum over the period of FY2022 - 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 reducing Scope 3 by 50% by 2030 from a base year 2018, which translates into the estimated reduction of -22 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

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