A COMMITTED LUXURY LEADER CHANEL’S CLIMATE STRATEGY Addressing the impact of man-made climate change is one of the most urgent challenges facing the world, and a significant threat to all businesses. To counter this threat, our global economy must decarbonize rapidly and radically. We believe that we have a key role to play in showing how a luxury brand can strive to address the negative impacts of a changing climate. Indeed, we have high ambitions for the transition from a carbon-based economic model to one that is resilient OUR ESTIMATED and regenerative. We are convinced our long-term GLOBAL CARBON mind-set allows us to make decisions and put in FOOTPRINT place processes that will achieve positive outcomes. Similar to many companies, our approach to climate change has been to measure our carbon footprint and to set targets for reducing direct and indirect carbon emissions, in line with the Paris Agreement (United Nations Climate Change Conference, (Scope 1, 2, and 3 Emissions) COP 21) of 2015. We aim to help limit mean global Estimate includes: ~ 1.9M tCO e 2 temperature increases to 2˚ and even strive for 1.5˚ against a preindustrial baseline by the middle SCOPE 1 SCOPE 3* of the century, and for emissions to be “net zero” Direct Emissions Transport of People by the end of the century. 9,000 tCO e 19,000 tCO e 2 2 We also believe the influence of our brand can SCOPE 2 Transport of Goods increase climate action, both within our company Electricity 145,000 tCO e 2 and beyond. We work with a number of the key 35,000 tCO e 2 Other Scope 3 — partners of the We Mean Business coalition, including The B Team, BSR, the World Business Purchased Goods Council for Sustainable Development, and the and Services 1.7M tCO e Business Renewables Center at the Rocky Mountain 2 Institute to help make the changes needed to * Does not include categories for which we do not have accelerate the transition to a low-carbon economy. estimates, such as use of sold products.