The world's leading luxury group LVMH is one of 12 top most sustainable
LVHM has been recognized for leadership in corporate transparency and performance on climate change, forests and water security by global environmental non-profit CDP (Carbon Disclosure Project), placing the Group on its annual “A List”.
Image courtesy ACC.
Just 1.3% of companies are leading across all environmental issues, CDP disclosure scores reveal, and LVMH is one of these (only 12 companies) that achieved a triple “A”, out of more than 15,000 companies scored.
CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2022, over 680 investors with over US$130 trillion in assets and 280 major purchasers with US$6.4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. A record-breaking 18,700 companies responded.
Too many companies are failing to disclose. More than 29,500 companies worth at least US$24.5 trillion in market capitalization – including Aramco, Tesla, Berkshire Hathaway, Exxon Mobil and Chevron – scored an F for failing to respond to disclosure requests from their investors and clients or providing insufficient information in their responses.
59% of companies scored between D- and C, meaning they are beginning to recognize their environmental impacts and are at the start of their disclosure journey. However, far too many remain stagnant, with 66% of D- to A- scoring companies in 2021 not improving their scores in 2022. These companies must accelerate their environmental transparency and action efforts.
The market demand for corporate environmental transparency is louder than ever. In a landmark year for disclosure, and with mandatory disclosure regulation set to take effect within the next three years in many major economies, more than 680 investors with over US$130 trillion in assets, and 280+ large purchasers with US$6.4 trillion in buying power requested thousands of companies to disclose through CDP in 2022. This resulted in a record-breaking 18,700+ corporate disclosures, a 233% increase since 2015 when the Paris Agreement was signed.
“LVMH is pleased to see its longstanding commitment to sustainability acknowledged by CDP with a triple “A” score in 2022. LVMH would like to share this recognition with its suppliers and scientific partners. Measuring and communicating environmental impact across the LVMH value chain on climate, water and biodiversity – including forests – have proved to be powerful tools for fostering actions. Given our deep dependency on biodiversity, LVMH is particularly committed to scaling up regenerative practices within its supply chain that bridge the preservation of biodiversity and the fight against climate change”, said Antoine Arnault, LVMH Image and Environment.
“CDP saw nearly 20,000 companies disclose environmental data this year, including 70% of European companies by market value. COP27 showed the need for transformational change is more critical than ever if we are to limit warming to 1.5 °C. I’m therefore delighted that European companies make up nearly half of all “A List” companies around the world, including 15 with two “A” scores and eight with triple “A” scores for climate change, forests, and water security leadership. We must cut emissions by half and eliminate deforestation by 2030, alongside achieving water security on the same timescale – there is no route to 1.5°C without nature.
With the EU’s ground-breaking new reporting regulation, the CSRD (Corporate Sustainability Reporting Directive), now agreed, CDP “A List” companies are showing they are ahead of the game – taking clear action to reduce emissions and to address environmental impacts throughout their value chains. This is the type of environmental transparency and action we need economy-wide to prevent ecological collapse”, commented Maxfield Weiss, CDP Europe Executive Director.
To support its growth, Louis Vuitton has revamped its careers site, with plans to recruit some 9,000 talents by 2025. The intuitive platform targets people with an appetite for challenges and an ability to meet them thanks to their creativity.
Louis Vuitton encompasses a vast collection of métiers, spanning retail, merchandising, operations, R&D, production and more. Candidates simply enter a keyword or job title and a location on the site homepage to embark on their future career journey. Each job description – written in the words of actual employees of the Maison – lets candidates dive directly into the reality of the job and Louis Vuitton’s unique culture.
To prepare for interviews, talents find inspiration in the history of the Maison, from founder Louis to Vivienne, Louis Vuitton’s digital mascot. The Sustainability section of the site details Louis Vuitton’s ambitious commitments, coupled with detailed figures, inviting interested job applicants to discover the “Our Committed Journey” roadmap. And a News section looks at key events inside Louis Vuitton.
“Louis Vuitton offers a multitude of opportunities and exciting challenges for candidates from around the world. We designed this site to reflect our shared spirit and our incredible wealth of métiers in order to attract talented people who feel an affinity with our culture. We want to bring them a unique experience, starting right from the moment they apply for a job at Louis Vuitton,” says Olivier Sastre, Senior Vice President, Human Resources.
Available in five languages, Louis Vuitton Jobs offers everyone around the world a chance to embark on a compelling professional journey. This invitation to future members of the Maison is encapsulated in the ethos “We never stop dreaming. We craft new realities.”
To see all jobs available visit jobs.louisvuitton.com.