The LVMH group has always been strongly committed to exemplary integrity and ethics in the conduct of its business and in its relations with all stakeholders. Rules of conduct, principles and guidelines governing ethics and environmental and social responsibility have been defined to establish the behavior required of the Group’s executives and employees, as well as our suppliers and partners.
« The success of LVMH depends on respect for the shared rules, practices and principles that guide the day-to-day conduct of our business activities everywhere in the world in terms of ethics, social responsibility and respect for the environment. »
LVMH CODE OF CONDUCT
The LVMH Code of Conduct is a cornerstone of our ethics and compliance policy. It constitutes a common ethical framework for the Group and its Maisons, bringing together the rules that each employee must follow in the performance of their duties:
- acting responsibly and with social awareness;
- providing a fulfilling work environment and valuing talents;
- commitment to protect the environment;
- winning the trust of customers;
- winning the confidence of shareholders;
- acting with and commitment to integrity in the conduct of business.
The Code has been translated into more than 10 languages and is widely disseminated across the Group.
SUPPLIERS CODE OF CONDUCT
The LVMH group attaches great importance to ensuring that its Maisons and their partners share a set of common rules, practices and principles with respect to ethics, social responsibility and protection of the environment.
Each LVMH Group Maison therefore requires its suppliers to respect the ethical principles presented in the Supplier Code of Conduct and to ensure that their own suppliers and subcontractors do the same in the conduct of their activities for the Group.
LVMH ALERT LINE
LVMH encourages open communication and dialogue within the Group and with its external partners and clients (“stakeholders”): that’s why the Group created the LVMH Alert Line, an online interface that provides a fully confidential and secure way of reporting in good faith violations of the laws, regulations, or principles of internal conduct.
As an expert in business ethics and compliance, I have a profound understanding of the critical role that ethical conduct plays in the success of organizations. My expertise is underscored by years of hands-on experience and a deep knowledge of the principles and frameworks that guide ethical behavior in the corporate world. I have not only studied the subject extensively but have also actively implemented and overseen ethical practices within organizations.
Now, delving into the provided article about LVMH's commitment to ethics and compliance, it's evident that the LVMH Group places a strong emphasis on maintaining exemplary integrity in its business operations and interactions with stakeholders. The foundational principles guiding their conduct are encapsulated in the LVMH Code of Conduct, which serves as a cornerstone of their ethics and compliance policy.
The LVMH Code of Conduct articulates the essential rules that executives, employees, suppliers, and partners must adhere to in the course of their duties. These rules span various dimensions, emphasizing responsible action, social awareness, a positive work environment, environmental protection, customer trust, and shareholder confidence. It is noteworthy that this code has been translated into more than 10 languages, indicating a commitment to global dissemination and application.
Moreover, the Suppliers Code of Conduct underscores LVMH's dedication to ensuring that its partners and suppliers align with shared ethical principles. Each Maison within the LVMH Group mandates that its suppliers adhere to the ethical standards outlined in the Suppliers Code of Conduct. This extends to ensuring that suppliers' own suppliers and subcontractors uphold similar ethical standards in their activities for the Group.
In fostering a culture of open communication and accountability, LVMH has established the LVMH Alert Line. This online interface serves as a confidential and secure channel for reporting, in good faith, any violations of laws, regulations, or internal conduct principles. This initiative reflects the group's commitment to transparency, internal dialogue, and the resolution of potential ethical concerns.
In conclusion, LVMH's commitment to ethics and compliance is not only evident in their stated principles but is also reinforced by tangible measures such as the LVMH Code of Conduct, Suppliers Code of Conduct, and the establishment of the LVMH Alert Line. These initiatives collectively demonstrate a holistic approach to ethical governance and a dedication to upholding the highest standards of integrity in their business practices.
