Lobbying Governance
Overall Assessment | Analysis | Score |
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Moderate |
LVMH discloses a basic governance process that links its lobbying work to its climate strategy, stating that the Corporate Affairs Department keeps an eye on developments and, where applicable, plays an active role in discussions including climate change and that the LVMH Corporate Affairs Direction and the Environment department coordinate together on all our direct and indirect activities that influence policies Through monthly meeting with the LVMH Environmental Department, we can ensure that our activities are consistent with our climate change policy. This description provides a concrete mechanisma recurring, cross-functional reviewindicating that lobbying positions are checked against internal climate objectives, and it names two formal bodies that share responsibility for this oversight. The company also affirms a public commitment to conduct your engagement activities in line with the goals of the Paris Agreement, which signals an intent to align advocacy with climate goals. However, though LVMH has detailed that it is aligned with the lobbying positions of four trade associations, it does not disclose any detailed procedure for assessing and ensuring the climate-policy alignment of its memberships in trade associations. Nor does it mention publishing a lobbying-alignment review, engaging third-party auditors. Consequently, while the existence of coordination meetings and a stated commitment indicates moderate governance.
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