LVMH

LVMH

Community score

-2.14 -55
Industry: Apparel
Listing country: France
Year added: 2018

LVMH (Moët Hennessy Louis Vuitton) was formed in 1987 and stands as a leading luxury goods conglomerate, with its headquarters based in Paris, France. Emerging from an alliance between the fashion house Louis Vuitton, established in 1854, and Moët Hennessy, which was created after the union of Moët & Chandon, introduced in 1743, with Hennessy, founded in 1765. The business operations of LVMH are categorized into five core segments: Wines & Spirits; Fashion & Leather Goods; Perfumes & Cosmetics; Watches & Jewelry; and Selective Retailing. This diverse portfolio includes esteemed brands such as Louis Vuitton, Moët & Chandon, Dom Pérignon, Fendi, Givenchy, Marc Jacobs, Bulgari, TAG Heuer, Sephora, and Christian Dior. With a focus on luxury, LVMH's products are marketed worldwide, reaching essential consumer markets notably in France, various other European countries, the United States, China, Japan, and other regions across Asia. This expansive global distribution ensures LVMH luxury goods are accessible in many countries all over the world. (Powered by AI)

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LVMH

The rapid increase in GHG emissions is causing the Earth's atmosphere to warm, resulting in climate change and global warming2. Industries need to develop carbon-free systems to meet the Paris Agreement's goal of keeping the atmospheric temperatur...

Gift O. January 18th, 2024
28 ratings
LVMH

A diverse and inclusive workplace gives a sense of belonging to the minorities1. However, people are often discriminated against based on age, disability, ethnicity, race, etc2. Discrimination causes loss of self-esteem and confidence and isolatio...

Emmanuel J. January 8th, 2024
30 ratings
LVMH

In order to ensure strong institutions and the well-being of society, governments spend a considerable amount of the state's budget on public goods and services, which are funded by taxes paid by individuals and corporations1. Corporate taxes acco...

Joy C. November 6th, 2023
28 ratings
LVMH

About 785 million (Mn) people do not have access to basic drinking water services1, while 2.7 billion (Bn) people are experiencing water scarcity at least a month in a year2. The world's total water demand is 4,600 Bn m3 at present3. Prolonged wat...

Ajay A. September 11th, 2023
60 ratings
LVMH

Globally, about 3.3 billion (Bn) people were employed in 2022, accounting for 42% of the world population1. Increasing employment and ensuring decent work are critical aspects of sustainability2. Job creation helps in the economic growth of a regi...

Rebecca L. November 7th, 2023
34 ratings
LVMH

About 78 million (Mn) tonnes (t) of packaging waste is produced yearly1. 50% of it is recyclable1. A typical packaging material, plastic, takes hundreds of years to decompose2. 12.7 Mn t of plastic ends up in the ocean2. Plastic ingestion and enta...

Rebecca L. July 13th, 2023
46 ratings
LVMH

Annually, the world generates 2 Bn tonnes (t) of solid municipal waste1. About 40% of the waste generated globally is managed improperly, dumped, or openly burned, while only 14% is recycled2. Landfilled waste releases greenhouse gases such as CO2...

Damola D. June 14th, 2023
28 ratings
LVMH

Worth USD262.21 billion (Bn) in 2022, the cosmetic industry is one of the most influential sectors worldwide11,12. However, this industry has been criticized for lacking inclusion and diversity in terms of the products offered and the people it re...

Ifeoluwa I. June 26th, 2023
28 ratings
LVMH

According to the ILO, an organization needs 40-60% representation of either gender to achieve gender balance1;pxii. An upper ratio of women in the workplace forecasts more job satisfaction and fewer burnouts2. Women's underrepresentation negativel...

Dolapo J. April 14th, 2023
26 ratings
LVMH

Alcohol is a psychoactive substance that can cause dependence as dopamine, a chemical associated with positive feelings, is triggered when one consumes alcohol1,2. Excessive consumption of alcohol causes 3 million (Mn) deaths/year (5.3% of global ...

Oluwatobi O. October 10th, 2022
52 ratings

Most negative / positive SDG

+2.78
-3.56