While employees themselves play the leading role in their skills and career development, LVMH s human resources staff and managers are fully engaged in supporting and promoting the development of the Group s talent pool. Career planning sessions let employees express their aspi- rations and discuss how to achieve them with their man- ager and HR advisor. Lastly, to help employees set and achieve their career development goals, human resources staff post job openings within the Group on an in-house digital platform and hold monthly career meetings. A cornerstone of the Group s human resources policy, the annual Organizational Management Review (OMR), helps identify the Group s most promising talent and guide them toward key positions within the company. In 2019, through this system and succession plans, 66% of executive posi- tions were filled internally. These numbers confirm that the Group, through its rich ecosystem and the attention paid to its talent, offers motivating long-term career prospects for its employees. The annual organizational and talent review also measures the promotion of women to the most senior positions within the Group. In 2019, they made up 44% of senior executives (versus 23% in 2007).

Stimulating our knowledge-based economy

In a sector as dynamic as the luxury industry, calling things into question and being open to the world around us is crucial. Change and transformation are vital issues for the LVMH Group s Maisons. They must therefore embrace this mindset and function as learning organiza- tions. We constantly encourage our staff to learn from each other s expertise and unique talents by sharing their experiences both their successes and their failures. Our employee development initiatives focus on four key topics: the Group s culture and core values; manage- ment and leadership; drivers of excellence; and open innovation. Passing on skills and expertise is key for a group like LVMH. The Institut des Métiers d Excellence LVMH, which was founded in 2014, offers free, practical vocational training programs in craftsmanship, design and sales to talented young applicants. It promotes equal opportuni- ties without compromising on its strict selection criteria. Since its inception, it has trained a total of 800 appren- tices in France, Switzerland, Italy and Spain, enhancing their employability. IME is yet another example of LVMH s efforts as a responsible employer to foster diversity of origin and culture at its Maisons.

Committed to respect for all

Mindful of its responsibilities and its role within society, LVMH is firmly committed to expanding the positive impact of its business on its employees and the surround- ing communities. The Group pursues this goal through its values, its expertise and the corporate social responsi- bility approach led by the Group s Human Resources Department. To respect everyone s individuality and better reflect the diversity of the communities in which it operates, LVMH takes an active approach to preventing discrimination and promoting diversity and inclusion. This approach is grounded in a specific policy, shared by all and enshrined in its Code of Conduct. Awareness-raising campaigns, training sessions including one on decision-making biases held worldwide since December 2019 and dis- crimination testing are carried out regularly throughout the year. Another 2019 milestone was LVMH s move to support the United Nations standards of conduct for business tackling discrimination against lesbian, gay, bi, trans, and intersex (LGBTI) people. This initiative was encouraged and supported by the members of LVMH s Executive Committee and the Maison Presidents. More- over, ensuring that people with disabilities are included and have access to employment and information on the products and services of the Group s Maisons is key for a leading group in the luxury industry. Chantal Gaemperle reaffirmed this commitment in a speech to all employees on the International Day of Persons with Disabilities. Lastly, helping people who have been destabilized by dif- ficult circumstances to find their place in society is the driving force behind LVMH s commitment to society. Its many initiatives include coaching days, mentoring and support for nonprofits. This was the spirit guiding the cre- ation of Une Journée Pour Soi ( A Day All Your Own ), an empowering initiative for underprivileged women to help them regain self-confidence, in partnership with French nonprofit Secours Populaire (see page 29). Also in 2019, the Group, in collaboration with Brigitte Macron, launched a major initiative: LIVE (L Institut des Vocations pour l Emploi), which offers comprehensive career guid- ance for people above the age of 25 who have been mar- ginalized on the job market, are outside the scope of the national education system and either minimally or not at all covered by the social safety net. The first location opened its doors in Clichy-sous-Bois, and two others are under way in France.