LVMH makes bold inclusivity statement with support of LGBTQ rights
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LVMH makes bold inclusivity statement with support of LGBTQ rights

The world’s biggest luxury company, LVMH, is making a commitment to protect and support the rights of LGBTQ people when it signs the UN Standards of Conduct for Business this month. It’s a step guaranteed to protect the human rights of all LGBTQ people that work in its many maisons, and sends a message to the rest of the sector: inclusion isn’t optional, and people deserve fair treatment regardless of gender or sexual preference.

LVMH’s share price has appreciated by 46% year to date

LVMH June 28

Source: Yahoo Finance

LVMH has already applied inclusive conductivity policies at a number of its subsidiaries, including Marc Jacobs, Sephora, Kendo, Fresh, Benefit, Belvedere, and Starboard. The group’s executive vice president for human resources and synergies, Chantal Gaemperle, told industry publication Women’s Wear Daily (WWD): “All of our employees should be able to be themselves and be considered for their contribution, irrespective of other considerations such as their race, gender or sexual orientation.”

By the end of this year, LVMH is looking to go one better and roll out its own initiative, which will include a worldwide training program to discuss the impact of unconscious bias and how to practise inclusive leadership. The group already uses transgender model Krow Kian and transgender actor Indya Moore in its promotional material, and are likely to continue with similar hires.

Amongst the actions that the UN Standards of Conduct for Business will put into practise are eliminating discrimination against LGBTQ employees, supporting LGBTQ staff at work, and standing up for the rights of LGBTQ people in the communities where they do business.

Disclosure

Dominion holds LVMH in its Global Trends Luxury Fund.


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