One of the main issues surrounding LVMH is its treatment of animals. The company has been accused of using exotic animal skins in its products without proper ethical considerations, resulting in animal cruelty and environmental damage. Additionally, LVMH has been criticized for its labor practices, including underpaying and exploiting workers in developing countries.
LVMH’s impact on the environment has also been a concern. The company has been criticized for its carbon footprint and the use of non-sustainable materials in its products. Furthermore, LVMH has been accused of greenwashing, or using deceptive marketing tactics to portray itself as more environmentally friendly than it actually is.
To address these negative issues, LVMH has taken some steps towards sustainability, such as implementing eco-design and reducing greenhouse gas emissions. The company has also established a code of conduct for its suppliers to improve labor practices. However, these efforts have been criticized as insufficient by some stakeholders.
It is clear that LVMH has a long way to go in addressing its negative impact. The company must prioritize ethical considerations in its sourcing of materials and address labor issues within its supply chain. Additionally, LVMH must be more transparent in its sustainability efforts and hold itself accountable for its impact on the environment. Only through genuine and comprehensive action can LVMH regain trust and become a truly ethical and sustainable luxury brand.