LVMH Moet Hennessy Louis Vuitton SE is a luxury goods company. Its business activities are divided into various business groups, including Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective retailing and Other activities.
New regulations can be helpful because until recently sustainability was something that each LVMH House had to approach on its own. Now, with Sapin II and "Devoir de vigilance" (Duty of Care) regulations, especially in France, the group as a whole is also responsible for what happens at the subsidiary level. This means we need to create more links between what can be done at House level, the business line level, or at the group level. It also strengthens all the synergies we want to create between our subsidiaries. This is a very positive thing for us. The advice I would give about using EcoVadis is that it can help you to make a quick and fairly accurate mapping of the suppliers who are at risk
WEEMATCH is a consulting agency in Advertising Objects & Merchandising. Since its founding in 2005, the agency has offered B2B and B2C support, notably by creating e-commerce sites.
It is absolutetly necessary to draw on the skills and expertise of each department in the company [when completing the EcoVadis questionnaire]. The scorecard has two main advantages - significant time savings and the competitive advantage of having a sustainability rating. EcoVadis enables us to improve the quality of communication with our clients.
Firmenich SA is a private Swiss company in the fragrance and flavor business. It is the largest privately owned company in the field and ranks number two worldwide. Firmenich has created perfumes for over 100 years and produced a number of well-known scents.
EcoVadis has become a strategic tool for us and a way to structure what we do. And also a way to engage our teams. From a business point of view, a lot of our clients who know EcoVadis ask for EcoVadis Rating. It certainly helps create a common ground with our clients as well. I think we are looking forward in the future to do the same with our suppliers and to create this very interesting positive chain, from brands all the way down to farmers or suppliers in our other fields.
The EcoVadis scorecards help companies monitor suppliers’ CSR practices across 190 purchasing categories and 150 countries. The assessment framework is customized for each company according to their activities, size, and geographic location for operations.
Access dashboards to monitor performance of your portfolio by buyer, category or custom filters. Request assessments, create reports, export data and engage your team in your risk and performance goals and initiatives.
Benchmark supplier performance per theme by purchasing category or country.
Access action plans to start a dialogue between buyers and suppliers on actions taken by the supplier to improve their CSR performance.