BEING MINDFUL OF EMPLOYEE WORKING CONDITIONS

ENSURING THE SAFETY AND WELL-BEING OF ALL

The Health and Safety Charter centers around five commitments. In 2024, €268 million was invested to improve working conditions across all Maisons. The “zero accident” culture has now been deployed throughout 100% of entities, covering 96% of employees. Over 93,000 employees have received training in Health and Safety. To respond to the operational challenges facing each Maison, tailored initiatives are implemented locally, such as the GoodHabitz e-learning module in Champagne Maisons, and the “Staying on the Safe Side” program rolled out across several Fashion & Leather Goods Maisons. Employee mental health is also supported through tangible initiatives. Charters on the right to disconnect, flexible working agreements and programs such as Hublot’s TakeTime also encourage better quality of life at work. Any employees experiencing hardship in their private lives can also count on the LVMH Heart Fund, which provides emergency social, psychological and financial support. Operating 24/7, this global fund reflects the way the Group seeks to take care of everyone within its workforce.

GUARANTEEING FAIR COMPENSATION

Since 2021, LVMH has applied the principles of the Fair Wage Network in all its employee compensation policies. In 2024, 100% of employees were paid a wage considered “decent” at the very least. 99.92% of the workforce receive compensation that aligns with Fair Wage principles. Audits have been conducted both in-house and by independent third parties covering employees from several Group Maisons, especially at Loro Piana in Mongolia and Peru and Sephora in Brazil. Furthermore, 98% of the Group’s employees based in France benefit from an incentive agreement. Certain Maisons go even further, including Christian Dior Couture, which has put in place a global incentive scheme. In 2024, LVMH also launched LVMH Shares, its first-ever employee share ownership plan open to 70% of the workforce in 11 countries, which saw an average subscription rate of 35%. The program bolsters employee engagement and attachment to the success of the Group.

FOSTERING SOCIAL DIALOG

Social dialog is structured around the European Works Council, the Group Works Council in France and Economic and Workforce-Relations Committees in each Maison. In 2024, 232 collective agreements were signed in France covering equal opportunities at work, working conditions, parenthood and disability inclusion. The Group also bolstered its mechanisms to gather feedback and enable individuals to express their opinion. A total of 145,000 employees responded to the 2024 LVMH Global Pulse survey, equating to 76% of the workforce, enabling the Group to better understand employee expectations regarding well-being, engagement, inclusion and career advancement. Local initiatives such as “Your Voice Matters” at DFS, “Voice of the Team” at Bvlgari and in-house surveys at Louis Vuitton enrich this understanding.