CHANEL’s creation relies on our ability to continue to source natural ingredients and materials of exceptional and unique quality. The extreme care we take in choosing and preserving such extraordinary quality is part of our heritage. Many of our materials come from regions with environmental and social challenges. We need to secure these materials for the long term, and we also have a responsibility to set an example. For these reasons, we invest in addressing these challenges as part of our supply-chain resiliency strategy. As part of this strategy, we distinguish between strategic raw materials — “matières nobles” — and other raw materials, which are more generic commodities. MATIÈRES NOBLES Each of our business activities uses materials of critical importance to our creations. These matières nobles are the materials that make CHANEL products the iconic creations they are today. In many cases, CHANEL benefits from exceptionally close, long-standing relationships with the suppliers who provide us with the essential strategic raw materials and ingredients for our products. N ATURAL RAW MATERIALS O F EXTRAORDINARY QUALIT Y A CREATION-DRIVEN BRAND