LVMH 2021 . C h a i r m a n s m e s s a g e

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2021 saw an array of remarkable achievements in this area. Moët & Chandon is now driving the necessary transition to sustainable winegrowing across the Champagne region, while Château Cheval Blanc is the world s first grand cru to introduce agroecology it has planted 4,000 trees in its vineyards and stimulates life on its unique terroir. Our Maisons are also making rapid progress towards a circular economy: Louis Vuitton s Upcycling collection is made entirely from recycled materials, Loewe s Surplus Project bags designed by Jonathan W. Anderson are made with leather offcuts, and Zenith has partnered with Nona Source to transform excess fabrics into watch straps. We involve our suppliers closely in this approach with an increasingly compre- hensive traceability system. Fendi now provides a full list of its Tier 1 suppliers. Guerlain shares the same commitment to transparency with its Bee Respect platform, which publicly discloses the origin and lifecycle of its products ingre- dients and packaging materials. LIFE 360, our ambitious Group-wide environ- mental program, coordinates and fleshes out our Maisons initiatives to preserve biodiversity and rapidly reduce CO emissions. Lastly, our focus on natural resources is matched only by the attention we devote to preserving our intangible heritage: the professions and expertise we pass on to future generations. Over the next few months, we plan to hire about 25,000 people under 30. We will also put a lot of effort into training these new recruits, particularly through our Institut des Métiers d Excellence (IME), which now has all the trappings of a full-fledged international university for craft professions and customer experience it is present in six countries and offers 35 highly demanding programs. IME has trained 1,500 talented students since its launch, many of whom are now working with the Group s Maisons.

C O N F I D E N T, P R U D E N T, C A R I N G

With the pandemic yet to be fully resolved, 2022 has started with another crisis. We are closely following the dramatic events unfolding in Ukraine. It's very hard to predict how the geopolitical situation will evolve over the coming weeks and its precise impact on the global economy. In the short term, our people and operations are prepared and ready to face any emergency, just as we were at the height of the pandemic. In the longer term, we will continue to move forward with resolve and determination. From our vantage point, with our values and resources, we have a role to play in making the world a better place. Our passion for excellence, our creativity and our commitment go a long way towards achieving this goal. So do our sense of community, which is closely linked to our Group s family values; and our dynamic entrepreneurial spirit, which has permeated the Group since its inception. In 2021, we celebrated the 200th anniversary of Louis Vuitton s birth and it is worth remembering his life journey, leaving the Jura Mountains for Paris to found what would become the world s foremost luxury brand. In his story, I see a parable of the unstoppable power of entrepreneurship. I hope his example will continue to guide us and enable us to view the future with hope. For LVMH, this is still just the beginning.

Bernard Arnault Chairman and Chief Executive Officer

From our vantage point, with our values and resources, we have a role to play in making the world a better place.