LVMH Moet Hennessy Louis Vuitton SE (LVMH), the largest luxury goods company in the world by market capitalisation, ranks joint 50th out of 65 companies. Since 2021, the company has disclosed a third-party grievance mechanism available to its supply chain workers, but it does not seem to have taken steps to strengthen its disclosure or performance across other themes. As such, it was overtaken by other companies in the benchmark that presented stronger disclosure, and its rank has dropped by 13 places. The company is the second-lowest-scoring luxury brand in the benchmark. The company performed above average on the theme of Remedy, disclosing limited detail on the process of raising a grievance for suppliers’ workers. It scores below average on the themes of Commitment & Governance, Traceability & Risk Assessment, and Worker Voice.
The company is encouraged to improve its performance and disclosure on the themes of Commitment & Governance, Traceability & Risk Assessment and Purchasing Practices.