The influence of our brand far exceeds the size of our operations. Working within the industry and beyond, we want to use this influence to define and promote a more ambitious way to address and manage sustainability challenges. A COMMIT TED LUXUR Y LEADER We believe we have to set an example in the way we address climate change: by reducing our environmental impact and stimulating fair, green growth. It is our duty to live up to the legacy of the brand, now and for tomorrow. Through our long-term business perspective, we have a clear opportunity to approach sustainability in a way many other companies cannot. Reducing and compensating for our carbon emissions, while also investing in socially inclusive renewable-energy projects. Building a more sustainable retail model, including through the environmental certification of our boutiques. Exploring circular design and recycling of our sales and promotional materials. As a committed luxury leader, CHANEL focuses on the following efforts: REPORT TO SOCIETY