boutiques that rely heavily on tourists as their clientele. Other events likely to reduce the number of tourists, such as geopolitical instability and insecurity (e.g., terrorist attacks) and weakening of the

% by 2030 (compared with a 2018 base year) – equivalent to 40% per unit sold. By 2030, CHANEL aims to halve carbon emissions from its own operations (such as manufacturing sites, boutiques and offices

in line with the Issuer’s public targets: - By 2030, CHANEL aims to halve carbon emissions from its own operations (such as manufacturing sites, boutiques and offices) compared with the base year 2018