LVMH: LVMH : 2024 Social and environmental responsibility report

2 0 2 4 S O C I A L A N D E N V I R O N M E N T A L R E S P O N S I B I L I T Y R E P O R T Committed to positive impact LV M H 2 0 2 4 • S o c i a l a n d E n v i r o n m e n t a l R e s p o n s i b i l i t y R e p o r t The year in brief Amid the shifting sands that characterized 2024, the Group held to its course in order to make sure that its operational excellence helps to change society for the better. LVMH rallied all its employees and those of its Maisons around its various initiatives for the common good, fulfilling its environmental, social and cultural commitments. Underpinning this program is an even more robust ethical framework that features a revised LVMH Code of Conduct and a newly published Anti-Corruption Charter. This year, LVMH put particular emphasis on listening to and developing employees. It refined its Human Resources policy to put its talented employees at the heart of everything it does. The Group made improvements to its mobility framework so it can offer exciting career trajectories, it enhanced its range of training courses to reach more employees, and it carried out an internal survey to actively listen to everyone's needs. With the Fair Wage Network's support, LVMH continued to pursue its policy of fair and equitable compensation and it launched LVMH Shares, its first-ever employee share ownership plan. The health and safety policy, a top priority, made further strides at all the Maisons, with a growing number of initiatives to entrench a zero accident culture. The LVMH Institut des Métiers d'Excellence, which celebrated its 10 th anniversary, continued to grow and develop and is now active in eight countries, including China. LVMH's commitment to showcasing savoir- faire took the world's greatest celebration of sport to new heights, making the Paris 2024 Olympic and Paralympic Games the most creative in history. Lastly, LVMH remains very closely involved in local communities where it operates and reaches out to assist the most vulnerable populations - as exemplified by the opening of two new LIVE campuses in France. All in all, it assists 1.9 million people around the world through partnerships with nonprofits and foundations. LVMH's 2024 environmental performance metrics show it is on the right track to meet its LIFE 360 targets for 2026 and 2030. They reflect the mobilization of the Maisons' resources to focus on this aspect of their business model. The trajectory of the Group's carbon footprint continued to arc downwards. The enhanced action plans to address Scopes 1 and 2 emissions, through greater use of renewable energies and the introduction of sustainable store planning, are producing substantive results. To tackle Scope 3 emis- sions, the creation of the "transportation" task force, the initial work groups organized under the LIFE 360 Business Partners initiative and the widespread adoption of sustainable design are making a difference. Action to protect biodiversity is also unlocking improve- ments. First, the impact of the Group's activities on its value chains was brought under tighter control, with further supply chain certification and a more rapid switch to regenerative agriculture practices. Second, action was taken to protect global ecosystems outside the Group's sphere of activity - in the Congo, in the Amazon - through coalitions. Creative circularity, the other pillar of the LIFE 360 program, built up steam in 2024, with wider-scale adoption of sustainable design and reuse, continuous optimization of packaging and harmonization of the Maisons' repair services' practices with the Repair and Care task force. Transparency and traceability improvements were made, in particular consumer information, with the rollout of the Digital Product Passport. Keenly aware that its societal and environmental goals are intertwined, the Group is taking bold action and strives to implement holistic solutions. This integrated approach shines through in the ecological transition training the Group provides to employees, with the inauguration of the LIFE Academy campus at La Millière, and in the human resources support given to winegrowers and store employees affected by the more frequently occurring extreme climate events. In 2024, LVMH also celebrated the tenth anniversary of the Fondation Louis Vuitton, which continues to fulfill its mission of bringing art and culture to the broadest possible audience. The year ended with a landmark cultural achievement, the reopening of Notre-Dame de Paris cathedral. LVMH was the leading private-­sector donor to the restoration program. LVMH's activities and value chains are being reshaped in order to collectively bring forth a new vision of responsible and sustainable luxury that will elevate and revitalize the desirability of its creations. 01 LV M H 2 0 2 4 • S o c i a l a n d E n v i r o n m e n t a l R e s p o n s i b i l i t y R e p o r t 10 12 26 Chairman's message LVMH Group ESG Governance 38 Our 84 Our 124 Our social environmental commitment commitment commitment to the arts and culture 138 ESG Performance 02 • 03 For people TO PROMOTE DIVERSITYAND INCLUSION, LVMH reaffirmed its commitment by shining a light on outstanding initiatives by its Maisons and employees around the world at the Inclusion Index Awards 2024. FIRST-AID APP MADE AVAILABLE IN 14 LANGUAGES TO ALL EMPLOYEES. This innovative tool provides key points on how to prevent risks, what to do in the event of an accident and raise awareness about psychosocial risks. IN THE OVERHAUL OF ITS WEBSITE, LVMH worked on creating a more inclusive digital environment. The website now has an accessibility rate of 80% according to the official compliance criteria. FOR MORE THAN FIFTEEN YEARS, THE GROUP HAS SUPPORTED INITIATIVES SUPPORTING EQUAL OPPORTUNITIES IN THE DESIGN ARENA. These include: the Montfermeil "Cultures and Creation" fashion show, the Casa93 nonprofit, which provides training in environmentally responsible design, and Harlem's Fashion Row. LV M H 2 0 2 4 • S o c i a l a n d E n v i r o n m e n t a l R e s p o n s i b i l i t y R e p o r t THE LVMH HEART FUND HAS PROVIDED FINANCIALASSISTANCE AND SOCIALAND PSYCHOLOGICAL GUIDANCE to employees facing unforeseen difficulties. The program stepped in to provide support during recent natural catastrophes, including in Spain. OFFERING EMPLOYEES A STAKE IN THE GROUP'S DEVELOPMENT: that was the goal of LVMH Shares, an international employee share ownership plan covering 70% of its global workforce, launched during the year. FOLLOWING THE OPENINGS IN REIMS AND LE HAVRE, there are now six LIVE campuses. L'Institut des Vocations pour l'Emploi, a nonprofit founded by the Group, has expanded its geographical coverage and its ability to help people find where their own talent lies. LVMH MÉTIERS D'EXCELLENCE MOVES INTO CHINA, marking a fresh commitment by the Group to preserving and promoting craftsmanship of the highest order and its unique art of selling. 04 • 05 For the environment THE FIRSTLIFEACADEMY CAMPUS OPENED ITS DOORS IN LAMILLIÈRE ON OCTOBER 1,2024. It provides LVMH Group employees with training in biodiversity and sustainable development so they may drive change in their line of work. ATTHE INTERNATIONAL CHANGENOW SUMMIT, HELD FROM MARS 25-27, 2024, LVMH reiterated its commitment to creative circularity and transparency, with Sephora announcing the launch of two global programs, "Clean at Sephora" and "Planet Aware at Sephora". BRINGING THE LIFE 360 SUMMITTO LIFE IN THE MAISONS. The summits held in Florence, Tokyo, São Paulo and Mexico mobilized the local environment correspondents, directors, partners and suppliers who attended to implement LIFE 360 locally. THE 5 TH LIFE 360 IN STORES AWARDS TOOK PLACE ON DECEMBER 12, 2024. Every two years, this event recognizes stores within the LVMH Group that stand out through the innovative, high-impact initiatives they put in place to improve their environmental performance. Attachments Original document Permalink Disclaimer LVMH - Moët Hennessy Louis Vuitton SE published this content on April 17, 2025 , and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT) , unedited and unaltered, on April 17, 2025 at 10:55 UTC . 2 0 2 4 S O C I A L A N D E N V I R O N M E N T A L R E S P O N S I B I L I T Y R E P O R T Committed to positive impact LV M H 2 0 2 4 • S o c i a l a n d E n v i r o n m e n t a l R e s p o n s i b i l i t y R e p o r t The year in brief Amid the shifting sands that characterized 2024, the Group held to its course in order to make sure that its operational excellence helps to change society for the better. LVMH rallied all its employees and those of its Maisons around its various initiatives for the common good, fulfilling its environmental, social and cultural commitments. Underpinning this program is an even more robust ethical framework that features a revised LVMH Code of Conduct and a newly published Anti-Corruption Charter. This year, LVMH put particular emphasis on listening to and developing employees. It refined its Human Resources policy to put its talented employees at the heart of everything it does. The Group made improvements to its mobility framework so it can offer exciting career trajectories, it enhanced its range of training courses to reach more employees, and it carried out an internal survey to actively listen to everyone's needs. With the Fair Wage Network's support, LVMH continued to pursue its policy of fair and equitable compensation and it launched LVMH Shares, its first-ever employee share ownership plan. The health and safety policy, a top priority, made further strides at all the Maisons, with a growing number of initiatives to entrench a zero accident culture. The LVMH Institut des Métiers d'Excellence, which celebrated its 10 th anniversary, continued to grow and develop and is now active in eight countries, including China. LVMH's commitment to showcasing savoir- faire took the world's g