Hermès International SCA (Hermès), the second most valuable luxury brand in the world, 3 ranks joint 40th out of 65 companies. Since 2021, the company has improved by disclosing board oversight over its supply chain forced labour standards and a partial list of sourcing countries for cashmere, cotton, and leather. However, the company did not improve across other themes and performed particularly poorly on the themes of Transparency & Risk Assessment and Monitoring, scoring below the benchmark average, and Recruitment, Worker Voice, and Remedy, scoring 0. As such, it was overtaken by other companies in the benchmark that presented stronger disclosure, and its rank has dropped by 14 places.4 The company has an opportunity to improve its performance and disclosure on the themes of Traceability & Risk Assessment, Worker Voice, and Remedy.