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LVMH

2 0 1 9 S o c i a l R e s p o n s i b i l i t y R e p o r t

30

I M P R O V I N G E Q UA L I T Y A N D P R O M O T I N G C A R E E R D E V E L O P M E N T F O R W O M E N

LVMH has put in place systems to support women s career

development and identify talent in order to ensure the

strong representation of women, who account for 73% of the

Group s total workforce employed on unlimited contracts. This

is reflected at every level and is one of our core ambitions. Across the Group in 2019, 65% of managerial positions and

44% of key positions were held by women, while 13 entities were headed by women.

SUPPORTING TALENTED WOMEN

LVMH is aiming to achieve balanced gender representation

in key positions. To realize this objective, the Group has

rolled out a program to offer coaching to its most promising

female talents each year. Indeed, 58% of managerial positions

at Louis Vuitton Japan are already held by women, while

Sephora is also nearing balanced gender representation.

Furthermore, the situation at Guerlain accurately reflects the Group s efforts, as the Maison is headed by a woman since

November 4th, 2019 and women make up 50% of its Executive Committee.

Each entity has its own process to identify and reduce any

gaps between the salaries awarded to men and women

within the same job category. For example, Hennessy, Moët

Hennessy Diageo and Groupe Les Echos-Le Parisien have set

aside a specific budget each year to close any gaps that may have arisen as a result of gender discrimination.

At the same time, LVMH has set up a Gender equality index

made up of five indicators that measure wage gaps between men and women as well as the differences in wage increases

and promotions, the percentage on employees who receive

a wage increase upon returning from maternity leave and

gender equality across the top 10 largest remuneration packages. In 2019, companies belonging to the LVMH Group

that employed over 1,000 people in France calculated their gender equality score using the index. Consolidated at Group

level, the score came out at 90/100.

WORLDWIDE PROGRAMS

Launched in 2007, the EllesVMH program has been flying the flag for gender equality. It brings together a range of initia- tives and unites women across different generations, Maisons

and backgrounds to help them grow and progress within the

Group. The program also champions the EllesVMH Coaching

setup. In March 2019, several projects were unveiled at the

event organized to celebrate International Women s Day,

including SHERO, an internal digital platform to boost gender

parity, and the Inclusion Index, an internal observatory to

promote and enhance diversity and inclusion.

WITH WOMEN ACCOUNTING FOR THREE QUARTERS OF ITS

WORKFORCE, THE GROUP GIVES SPECIAL CONSIDERATION TO EQUALITY

IN THE WORKPLACE AND CAREER DEVELOPMENT FOR WOMEN.

FEMALE/MALE BREAKDOWN

Wines & Spirits

62%

33%

41%

63%

38%

67%

83%

59%

83% 17%

17%

37%

Watches & Jewelry

Fashion & Leather Goods

Selective Retailing

Perfumes & Cosmetics

Other activities

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