The story of CHANEL is the story of a woman. Through her entrepreneurial spirit and creativity, Gabrielle Chanel rose from humble origins to liberate herself, reinvent the codes of fashion, and influence the world. Today, women are our main customers and comprise 80 percent of our workforce. Fondation CHANEL, and other women’s empowerment initiatives within the company and our supply chain are based on the profound conviction that women are agents of positive change in the world. Advancing the role of women in society is a key lens through which we look at everything we do: from our brand purpose to our employee-engagement policies and through our approach to supply- chain issues. As signatories of the United Nations Women Empowerment Principles, we are committed to driving these initiatives not only within the company, but also, more broadly in society through Fondation CHANEL. It was to build on Mademoiselle Chanel’s legacy that CHANEL created its first philanthropic foundation based in France, the Fondation d’Entreprise CHANEL, in 2011, with the initial mission to improve social and economic conditions for women and adolescent girls. In 2016, our philanthropic entity was renamed Fondation CHANEL. It expanded its operations globally to the U.S.A. and Europe, while also strengthening its support to numerous social purpose organizations (SPOs) in developing countries and in East Asia. CHANEL AND THE WOMEN’S EMPOWERMENT PRINCIPLES CHANEL signed the Women Empowerment Principles (WEPs), a partnership initiative of the United Nations Entity for Gender Equality and the Empowerment of Women (UN Women) and the United Nations Global Compact, for the first time in 2015. The WEPs provide a set of considerations to help the private sector focus on key elements integral to promoting gender equality in the workplace, marketplace, and communities. To date, CHANEL has primarily focused on applying the WEPs to the workplace and its own workforce. Over the next year, we plan to integrate a gender lens more systematically into our sourcing policies, programs, metrics, and overall reporting. To help us advance both the thinking and practice of how companies can achieve progress for women globally and successfully apply the WEPs, CHANEL joined BSR’s Business Action for Women (BAW) collaborative initiative. Together with other major corporations, CHANEL is involved in two of the BAW working-group clusters, mainly to advance women in the supply chain and to empower women to lead on climate resilience. ADVANCING THE ROLE OF WOMEN IN SOCIET Y A HUMAN-DRIVEN COMPANY