AN ETHICAL REQUIREMENT

GOVERNANCE ARRANGEMENTS FIRMLY EMBEDDED AT THE HIGHEST ECHELONS

The Group’s Ethics & Compliance Department steers and coordinates LVMH’s ethics policies, in coordination with a network of over 190 correspondents within the Maisons. The Department coordinates all the Group’s efforts to combat corruption and money laundering, protect personal data, comply with international sanctions and uphold human rights.

The progress made in these areas is regularly presented to the Ethics & Sustainable Development Committee of LVMH’s Board of Directors.

The Group’s approach to ethics builds on both international standards and its own in-house benchmarks. In particular, it has put in place widescale strategies to raise awareness and report breaches, which have been deployed in a structured, secure manner.

A PROGRAM BUILT ON INTERNATIONAL STANDARDS AND INTERNAL INSTRUMENTS

In addition to international standards, which LVMH promotes within its sphere of influence, the Group has put in place its own internal rules to guide the conduct of its employees and partners on a daily basis.

LVMH CODE OF CONDUCT

The LVMH , which serves as the cornerstone for the Group’s ethics, lays down rules by which everyone must abide in their day-to-day activities. The latest version of the Code, published in April 2024, is divided into three chapters: a committed group, a responsible employer and a group with integrity.

The members of the Executive Committee signed up to the updated Code of Conduct, which is promoted by Maisons’ Presidents and communicated widely, in particular via an online training module. The e-learning course raises awareness around the principles of the Code of Conduct and was rolled out across the Maisons in the second half of 2024.

SUPPLIER AND BUSINESS PARTNER CODE OF CONDUCT

This Code promotes a responsible approach to all of LVMH’s partners. It requires all partners to comply with its principles and also ensure compliance among their own suppliers and subcontractors.

ANTI-CORRUPTION CHARTER

Published in 2024, this document completes the Group’s integrity strategy. It reiterates LVMH’s zero-tolerance policy toward corruption and influence peddling and gives employees concrete examples to illustrate the various types of conduct to avoid and adopt in complex situations. In 2024, 66,824 employees received training in these principles.