We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
LVMH Moet Hennessy - Louis Vuitton Japan is a collaboration member of JDSA. Scored 4 because it is a supporting member (Japan specific)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Member
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
LVMH Moet Hennessy - Louis Vuitton Japan is a collaboration member of JDSA. Scored 4 because it is a supporting member (Japan specific)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Member
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Open PDF file of Data Source
Climate Lobbying Overview: LVMH does not seem to be actively engaged with climate change policy in France and the EU, but takes a positive stance on top-line climate ambition and renewable energy targets.
Top-line Messaging on Climate Policy: LVMH appears to support top-line ambition on climate change. In its 2020 Environmental Report, the company supported limiting warming to 1.5°C in line with the science of the IPCC and recognized the catastrophic consequences of climate change. In May 2021, Ouest France reported that LVMH had not been supportive of various proposals from France’s Citizen Climate Convention which proposed legislation to form part of France’s Climate Law as they were too restrictive. In an interview with Forbes in June 2021 a senior executive Hélène Valade supported France’s Climate Law.
Engagement with Climate-Related Regulations: LVMH does not seem to have actively engaged with EU or French climate legislation. In the company’s 2019 Environmental Report it supported Paris’s target of 100% renewable energy by 2050. In an interview with Forbes in June 2021 a senior executive Hélène Valade supported the EU’s increased 2030 Climate Target.
Positioning on Energy Transition: LVMH appears to have very limited engagement on issues surrounding the transition of the energy mix. The company supported sustainable transport and reducing emissions from air freight as a member of the Sustainable Air Freight Alliance (SAFA) as disclosed in its 2019 Environmental Report.
Industry Association Governance: LVMH has disclosed a list of memberships to industry associations in its 2020 Environmental Report but with no further details of the company's role within each organization's governing bodies nor their climate change policy positions. The company has not published a review of alignment with its industry associations. The company is an indirect member of MEDEF and BusinessEurope through its membership of FEBEA, the French federation of cosmetics industries.