World's largest luxury goods company. Wines and spirits, perfumes, cosmetics, fashion and leather goods, watches and jewellery, plus a retail division. Chairman Bernard Arnault and his family, through Groupe Arnault, own about 47% of LVMH.
|LVMH Moet Hennessy Louis Vuitton SA||FRA||website|
|LVMH Moet Hennessy Louis Vuitton SA|
In 2020, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change Score of B.
Source: CDP (2020)
In 2020, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts towards removing commodity-driven deforestation and forest degradation from its direct operations and supply chains. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Forests Score of B.
Source: CDP (2020)
In 2020, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to manage and govern freshwater resources. Responding companies are scored on six key metrics: transparency; governance & strategy; measuring & monitoring; risk assessment; targets & goals; and value chain engagement. This company received a CDP Water Security Score of B.
Source: CDP (2020)
This company received an S&P Global ESG Score of 69/100 in the Textiles, Apparel & Luxury Goods category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 7 Feb 2021). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2021)
In early 2017, China's Communist Party began a new incarceration campaign, rounding up, detaining and forcibly indoctrinating over 1 million Uyghurs and other Muslim minority ethnic groups in the far-western region. A coalition of more than 180 human rights groups is calling on apparel brands and retailers to stop using forced labour in the Uyghur Region and end their complicity in the Chinese government's human rights abuses. This company is amongst those being targeted by coalition members for not doing enough to identify and disengage from business relationships with Uyghur Region-linked forced labour.
Source: End Uyghur Forced Labour (2021)
The 2019 Corporate Human Rights Benchmark assessed 200 of the largest publicly traded companies in the world from the Agricultural Products, Apparel, Extractives and ICT Manufacturing sectors on 100 human rights indicators. This company's score was in the 10-20 band range. The overall average score was a disappointing 24%.
Source: CHRB (2019)
In 2020/21 KnowTheChain benchmarked over 180 large global companies in the ICT, Food & Beverage, and Apparel & Footwear sectors on their efforts to address forced labour and human trafficking in their supply chains. This company received a score of 19/100.
Source: KnowTheChain (2021)
A number of this company's fragrance and cosmetics brands appear on PETA's (People for the Ethical Treatment of Animals, USA) 'Companies That Do Test On Animals' list, signifying that they manufacture products that are tested on animals at some stage of development.
Source: PETA (2020)
The Forest 500 identifies, ranks, and tracks the governments, companies and financial institutions worldwide that together could virtually eradicate tropical deforestation. Rankings are based on their public policies and commitments and potential impacts on tropical forests in the context of forest risk commodities (palm oil, soy, beef, leather, timber and paper). This company received a score of 37%.
Source: Forest 500 (2020)
In 2016 Greenpeace East Asia ranked the world's 30 biggest personal care companies on their commitment to eliminating microbeads from their personal care products. The scorecard was based on four main criteria: commitment & transparency, definition, deadline and global application. This company ranked towards the bottom of the scorecard. Microbeads are not retained by wastewater treatment and end up in the ocean where they are a threat to the marine environment.
Source: Greenpeace (2016)
This company has used fur in factory made clothing lines, and has not announced plans to stop.
Source: IFF (2021)
LVMH is being pressured by PETA to end its use of animal skins after an expose of crocodile farms in Vietnam. "PETA is calling on LVMH to stop supporting the torment and killing of ostriches, crocodiles, and other beautiful wild animals for bags, watchbands, and shoes."
Source: PETA (2019)
This company scores Ethical Consumer's worst rating for the likely use of tax avoidance strategies, and has at least two high risk subsidiaries in tax havens.
Source: Ethical Consumer (2018)
In 2019 LVMH subsidiary Sephora paid out US$159,349 to the State of Indiana in order to settle a dispute over tax fraud. The retailer stood accused of making false statements regarding its failure to collect gross retail taxes on shipping and handling fees for online sales to shoppers based in the state, in violation of the Indiana False Claims Act.
Source: The Indiana Lawyer (2019)
In 2015 the Rainforest Action Network (RAN) released a report documenting the results of decades of irresponsible fabric sourcing including land grabbing, forest destruction and human rights abuse to forest-dependent communities caused by deforestation from tree-based fabric production companies. This company was one of the "Fashion Fifteen" implicated in the report for irresponsibly sourcing tree-based fabrics such as rayon and viscose.
Source: RAN (2015)
This company uses plastic microbeads in some of its personal care products. These particles are not retained by wastewater treatment so end up in the ocean where they contribute to ocean plastic pollution, and are hazardous to sea life. While the effects of microplastics on human health are not completely understood, there are concerns about plastic additives, such as phthalates, which are known endocrine disruptors which are shown to have harmful effects on life.
Source: Beat the Microbead (2021)
Greenpeace launched their Detox Campaign in 2011 to expose the direct links between global clothing brands, their suppliers and toxic water pollution around the world. As a result, many companies have joined Greenpeace's Detox Program, which requires companies to adopt a credible, individual and public commitment to phase out the use and release of all toxic chemicals from their global supply chain and products, by 1 January 2020. This company is yet to make a commitment despite pressure from Greenpeace.
Source: Greenpeace (2016)
In Jan 2012 a Paris appeals court upheld a 40 million euro fine imposed in 2006 by the French competition watchdog, which said the companies involved had reached illicit agreements on price fixing, enforced by procedures to monitor prices in outlets and backed up by commercial threats for non-compliance. Thirteen leading perfume and luxury goods companies were fined.
Source: news article (2012)
As listed on the We Mean Business website, this company has committed to the following climate action initiatives: adopt a science-based emissions reduction target.
Source: We Mean Business (2021)
This company is a member of the Better Cotton Initiative, a voluntary initiative which encourages the adoption of better management practices in cotton cultivation to achieve measurable reductions in key environmental impacts, while improving social and economic benefits for cotton farmers, small and large, worldwide.
Source: Better Cotton Initiative (2019)
This company is a member of the Leather Working Group, a multi-stakeholder group who's objective is to develop and maintain a protocol that assesses the compliance and environmental performance of tanners and promotes sustainable and appropriate environmental business practices within the leather industry.
Source: Leather Working Group (2019)
This company is a member of Guidance, a pre-competitive global initiative, convened by Quantis, which aims to provide a methodological guide with credible references that companies can use to account for the climate change impacts of their efforts on sustainable forests and agriculture in an accurate and credible manner.
Source: Quantis (2016)
This company is a member of the Responsible Mica Initiative, a Do-Tank which aims to eradicate child labour and unacceptable working conditions in the Indian mica supply chain by joining forces across industries.
Source: Responsible Mica Initiative (2020)
This company is a member of the Supplier Ethical Data Exchange (Sedex), a not-for-profit, membership organisation that leads work with buyers and suppliers to deliver improvements in responsible and ethical business practices in global supply chains. Tens of thousands of companies use Sedex to manage their performance around labour rights, health & safety, the environment and business ethics.
Source: Sedex (2018)
This company is a member of the Sustainable Apparel Coalition, a multi-stakeholder initiative launched in March 2011 by a group of global apparel and footwear companies and non-profit organizations (representing nearly one third of the global market share for apparel and footwear). The Coalition's goals are to reduce the apparel industry's environmental and social impact, and to develop a universal index to measure environmental and social performance of apparel products.
Source: Sustainable Apparel Coalition (2020)
This company is a member of the Textile Exchange, a global non-profit that works closely with its members to drive textile industry transformation in preferred fibres, integrity and standards and responsible supply networks. They identify and share best practices regarding farming, materials, processing, traceability and product end-of-life in order to reduce the textile industry's impact on the world's water, soil and air, and the human population.
Source: Textile Exchange (2019)
In 2007 WWF-UK analysed and ranked the 10 largest publicly-traded luxury brand-owners on their environmental, social and governance (ESG) performance. (Listed under information due to age of report)
Source: WWF UK (2007)
The 2021 Fashion Transparency Index reviewed 250 of the world's largest fashion brands and retailers and ranked them according to how much they disclose about their social and environmental policies, practices and impacts. Brands owned by this company scored 22%, signifying it is doing a bit more than the others when it comes to having policies and commitments in place and auditing and reporting activities, but could be doing more. The average score was 23% and the highest score was 78%.
Source: Fashion Revolution (2021)
This company received a score of 59/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
Source: Newsweek (2017)
|Revenue||44.6 billion EUR (2020)|
|Subsidiaries||LVMH Perfumes & Cosmetics Group Pty Ltd
Christian Dior SA
Tiffany & Co
Moet Hennessy (66% owned)
- Moet Hennessy Australia Pty Ltd
BeneFit Cosmetics LLC
Stella McCartney Ltd (10% owned)
L Catterton Management Ltd (40% owned)
- Birkenstock GmbH & Co. KG (60% owned)
- L Catterton Asia
Products / BrandsLVMH
Acqua di Parma Fragrances
Fendi Luxury Brands
Givenchy Luxury Brands
Kenzo Luxury Brands
Louis Vitton Luxury Brands
Marc Jacobs Luxury Brands
LVMH Perfumes & Cosmetics Australia
Tiffany & Co
Tiffany Luxury Brands
Moet Hennessy Australia
Stella McCartney (10% owned)
Stella McCartney Luxury Brands
Birkenstock (60% owned)