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
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INTEGRATING LABOR AND SOCIETAL CONSIDERATIONS
The Group observes, takes into account and analyzes the risks and considerations arising from changes
in society. Such matters are discussed in detail with its stakeholders.
Non-financial risk maps at Group level and within each of its Maisons fuel strategic debate by accurately identifying risk factors by geographic location and business group with regard to wages and working
hours, workplace discrimination, freedom of association and union representation.
The declaration of non-financial performance made by the LVMH Group (cf. the Management Report published in the 2019 Universal Registration Document) summarizes the main risks described by the
various corporate support departments and the executive management team. Three main labor risks
were identified: loss of savoir-faire and core skills and difficulty recruiting talent, health & safety risks to employees and third parties as well as discrimination at work.
Furthermore, as part of its efforts to monitor labor and societal trends in each of its business groups,
LVMH considers the marginalization of vulnerable people to be a major focus (see p. 102 of the 2019
Universal Registration Document).
The Group s labor and societal strategy is perfectly aligned with the French law signed on March 27th, 2017
on Duty of Care. The LVMH 2019 Universal Registration Document sets out the details of the Group s Duty
of Care plan, in particular regarding human rights and fundamental freedoms and health and safety . The non-financial risk mapping process was extended to include monitoring of the main labor
considerations that the Maisons have to take into account. Despite each of LVMH s six business groups
displaying very unique characteristics, they are united by a shared vision of social responsibility, the
scope of which has been tested and defined through dialogue between the Group and its stakeholders.
The trends and labor market changes that apply across the board or specifically to each profession have been identified in each business group.
