LVMH

France
Consumer Durables and Apparel

Risk Level:

Rating - Caution
Medium Risk

Summary:

LVMH owns multiple luxury goods brands including Luis Vuitton, Dior, Sephora, Tiffany & Co., Fenty, and many more. LVMH has not terminated business relationships due to religious or political beliefs. LVMH openly discriminates against faith-based organizations in its giving and uses corporate funds to support travel for an abortion. The company prohibits all forms of discrimination. For these reasons, LVMH receives a "Medium Risk" rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

There are no publicly known cases of LVMH terminating business relationships due to religious or political beliefs.

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

LVMH unilaterally disqualifies all religious organizations and houses of worship from its donation matching program (1).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

LVMH’s Code of Conduct “prohibits all forms of discrimination” without any limiting or exhaustive language, although the company does not list any forms explicitly (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

LVMH has not used its corporate reputation to promote ideological agendas. However, executive Nicolas Ghesquiere of LVMH subsidiary Louis Vuitton responded negatively to the company’s business partnership with Donald Trump, publicly tweeting “#TrumpIsAJoke” (1).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

In the wake of the decision of the Supreme Court overturning Roe v. Wade, LVMH expanded its medical benefits program to cover the travel expenses of its employees seeking abortions (1).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
N/A
Rationale

LVMH does not have a PAC.

All links were last accessed and all information was updated on:
March 24, 2023

Company reports are intended for educational use only. Full Disclaimer

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