Louis Vuitton 2004 Annual Report Download - page 80

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LVMH encourages young people’s passion for Asia.
Created in 1986, the LVMH Scholarships for Asia program enable
each year five students from top French schools to travel to a
country in Asia to study a topic of their choice. The 2004 LVMH
Scholarships for Asia ceremony was held in the Grand Palais
in connection with the “Celestial Mountains” exhibition (organized
with the support of LVMH and Louis Vuitton). Representatives
from the world of diplomacy, chambers of commerce, schools
and scholarship winners participated in the ceremony,
which was followed by a private viewing of the exhibition.
Sustainable development
These projects involve three major areas:
●Children: the Fondation des Hôpitaux de Paris – Hôpitaux
de France, the “Le Pont-Neuf” association, the “Save the
Children” foundation in Japan, etc.
●Medical Research: the Pasteur Institute, the American Foun-
dation for AIDS Research, Oncology Research, the Parkin-
son's Disease Foundation - New York - USA, etc. In 2004,
LVMH also provided support for the creation of the Pasteur
Institute of Shanghai - Academy of Sciences of China.
●Humanitarian and Social Causes: the Claude Pompidou
Foundation, the “Fraternité Universelle” Foundation, “The
Robin Hood Foundation” - New York - USA, etc.
In addition to the Group's projects in these areas, the compa-
nies also develop their own initiatives:
Veuve Clicquot organized an executive grape-harvest day to
subsidize the “Enfant et Santé” Association, which is dedicated
to finding a cure for childhood and adolescent cancers and
leukemia.
TAG Heuer supports several projects for the underprivileged
through charity associations: “Les 24 heures de Villars Formula
Charity” which collects funds for medical research for children
with cancer, the Ayrton Senna Association, an advocate for
“street children” in Brazil, and the Tiger Woods foundation,
which seeks to help the disadvantaged.
In London, Celine organized a charity sale of 15 Poulbot bags,
each decorated with collages made by children of artists and
international celebrities for the National Society for the Preven-
tion of Cruelty to Children. The parents of the children who
made the collages included Kate Blanchett, Queen Rania of
Jordan, Yasmine Le Bon. It brought in more than 13,000
pounds sterling.
SOLIDARITY WITH THE TSUNAMI VICTIMS
Employees of the Group's companies mobilized to contribute
to the aid provided to victims of the tidal wave that struck
southern Asia on December 26, 2004.
Among other initiatives, the value of the contribution made by
Louis Vuitton employees was doubled by LVMH at the initia-
tive of Bernard Arnault. An initial action is being conducted
with the “Children of the Mekong” association, which has long
been present in the region and which, in addition to its commit-
ment to support children, invests in specific local sustainable
development projects. This program supports a fishing village
in Thailand in Phangna province, north of Phuket. It is devoted
to rebuilding a bridge destroyed in the tsunami, without which
it is impossible for village residents to reach their fishing place.
The successful completion of the project is monitored on site by
representatives of the association and Louis Vuitton’s General
Manager for Thailand and Vietnam, and the goal is to ensure
that the funds effectively contribute to a long-term revitaliza-
tion effort in this area.
RELATIONS WITH SUPPLIERS
Most of LVMH products are « Made in France » and most of
its manufacturing activities are located in France such as Louis
Vuitton, Moët & Chandon, Veuve Clicquot, Hennessy, Parfums
Christian Dior, etc. Most Group subsidiaries are located
in France and Italy making it easier for LVMH to ensure
compliance with the fundamental conventions of International
Labor Organization.
Several companies of the Group (eg Moët & Chandon, Louis
Vuitton, Parfums Christian Dior, Sephora, TAG Heuer) have
implemented supplier compliance programmes and codes of
conduct. Audits of suppliers are also carried out.
Further information is available in LVMH 2004 “Document de
référence”.
A COMMITMENT TO SOLIDARITY
LVMH demonstrates its belief in active community involvement
in favor of the largest number, by providing ongoing support to
major humanitarian and public health causes and to medical
research in France and across the globe.