LVMH
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C R E AT I N G E M P L O Y M E N T O P P O R T U N I T I E S A N D E C O N O M I C M O M E N T U M
THE SUSTAINED GROWTH OF ITS MAISONS ENABLES LVMH TO INJECT MOMENTUM
INTO THE SOCIAL AND ECONOMIC FABRIC OF THE COMMUNITIES IN WHICH IT
IS BASED, EITHER DIRECTLY THROUGH ITS FACILITIES OR INDIRECTLY VIA ITS
SUPPLIERS, PARTNERS AND THE ENTREPRENEURS IT SUPPORTS.
In France and throughout the world, the Group and its
Maisons strive to foster long-term relationships with the
regions in which they are based as well as the businesses and
people working in the local community. To drive momentum
in the local economy, the Group also supports startups and
female entrepreneurs.
STIMULATING THE LOCAL ECONOMY
The 75 Maisons within the LVMH Group create a significant number of jobs in the regions in which they are based. Having
operated in communities throughout France for many
years, the Maisons make a significant contribution to the local economy. Hennessy in Cognac, Moët & Chandon and
Veuve Clicquot in Champagne, Louis Vuitton in the Drôme
department, Guerlain in Chartres and Parfums Christian Dior
in Saint-Jean-de-Braye, near Orléans. They maintain close
ties with local authorities, in particular on efforts related to
culture, education and employment. Sephora, two thirds of
whose workforce is based outside the Greater Paris region,
regularly conducts initiatives to support local employment.
The Group s suppliers represent an essential link in the LVMH
value chain. That is why it supports them through its Supplier
Code of Conduct to implement best practices in terms of the
environment, labor and social matters. A total of 1,589 audits (excluding EcoVadis assessments) were conducted by the
Maisons on their suppliers on the basis of seven criteria child
labor, forced labor, health and safety, business conduct and
management systems, wages and benefits, labor rights and working hours. Action plans are then put in place and any
sources of non-compliance are corrected where necessary.
For example, in December 2019, Sephora USA and Europe, as
well as several other Maisons in the Group (including Kenzo,
Givenchy and TAG Heuer) provided training in human rights,
health, safety and the environment to 59 managers from local suppliers in Shenzhen, China. Also in China, where the Group
has laid solid roots through its network of over 950 stores and more than 24,000 employees, LVMH and 13 of its Maisons
took part in the China International Import Expo (CIIE) for the
first time. LVMH maintains a special relationship with China; the Group was among the first companies to set up, invest and expand in the country. Hennessy began exporting its cognac
back in 1859 and Louis Vuitton first opened in Beijing in 1992. Many other Maisons have followed in their footsteps since.
ENCOURAGING STARTUPS
As a platinum partner in 2019, LVMH took part for the fourth
consecutive year in the Viva Technology conference, the
world s rendez-vous for startups and leaders to celebrate
innovation. Over 100,000 visitors from around the globe attended to discover the latest innovations from hundreds
of startups and major corporations, including LVMH and 24 of its Maisons. It was at this event that the startup 3D Look was presented with the LVMH Innovation Award. It
will receive personalized support from the LVMH Group to
drive its development as part of La Maison des Startups at
the Station F incubator, which integrates 50 international startups each year.
SUPPORTING FEMALE ENTREPRENEURS
Since 1972, the Maison Veuve Clicquot has successfully built up
a community of 350 women throughout the world who draw on their energy and experience to give female entrepreneurs
the chance to shine. Keenly aware that successful female
role models exist outside the world of business, the Maison
set up the Bold by Veuve Clicquot program in 2019, which
is rolled out through a number of special events organized
over the year, in particular the Bold Woman Award, formerly
the Business Woman Award. At the 2019 award ceremony, the Maison announced the results of its international female
entrepreneurship barometer.
