strategy under the vision of the “Center of Life”, such that its business operations will continue to be the center of happiness, create new experiences, and become the safe and health-conscious place for

experiences, and become the safe and health-conscious place for people in multiple communities and lifestyle preferences. The Company is studying potential new concepts to accommodate the lifestyle needs of

Life”, such that its business operations will continue to be the center of happiness, create new experiences, and become the safe and health-conscious place for people in multiple communities and

should be conscious of their accountability to shareholders. Accountability mechanisms may require directors to stand for election on an annual basis or to stand for election at least once every three

with the sponsoring employer; in defined contribution pension schemes, the risk of financial underperformance by the assets rests with the individual beneficiary. Fiduciaries will need to be conscious of

instrument, to the point where informal mechanisms such as corporate culture have only a limited role to play. In other words, powerful boards might serve as a substitute for a strong corporate culture. This

environmental, social, and governance (ESG) risks. The index is used as a performance benchmark for tracker funds and structured products, with ESG ratings used as standard criteria by socially conscious

monitoring of companies and is central to shareholders‟ ability to exercise their ownership rights on an informed basis. Evidence from around the world demonstrates that disclosure can be a powerful tool for

PROSPECTUS CHANEL CERES PLC (incorporated with limited liability in England and Wales) EUR300,000,000 Sustainability-Linked Guaranteed Notes due 2026 unconditionally and irrevocably guaranteed by Chanel Limited Issue price: 99.726 per cent. and EUR300,000,000 Sustainability-Linked Guaranteed Notes due 2031 unconditionally and irrevocably guaranteed by Chanel Limited Issue price: 99.400 per cent. The EUR300,000,000 Sustainability-Linked Guaranteed Notes due 2026 (the "2026 Notes") and the EUR300,...