THE WHAT? LVMH has become a popular buy for ESG funds, according to a report published by Bloomberg. More than 1,200 funds hold shares in the French luxury conglomerate, and some 500 more are indirectly exposed, putting the owner of Dior and Louis Vuitton ahead of high-profile ‘green’ names such as Tesla.
THE DETAILS Indeed, ESG funds hold a combined stake of US$17 million in LVMH, Bloomberg reports, with Credit Agricole leading the pack with an investment of US$1.7 billion via its ESG finds.
THE WHY? Whether LVMH can be defined as an environmentally and socially responsible firm depends on the definition of the same – on the one hand Bloomberg sources suggest investors believe it to be ‘ahead of its peers’ on the ESG front and is included in Sustainalytics list of top-rated firms but Impact Cubed reveals the Tiffany owner is yet to align its revenues with the UN Sustainable Development Goals. What is not in doubt is that LVMH’s performance on the stock market has been consistently strong.
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Examples of aesthetics supplies include:
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Dermal Fillers: Injectable substances used to add volume and reduce wrinkles.
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Botulinum Toxin (Botox): Injectables used to temporarily relax facial muscles and reduce wrinkles.
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Microdermabrasion Devices: Tools used for mechanical exfoliation to rejuvenate skin.
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Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production.
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Cosmeceuticals: Skincare products that contain biologically active ingredients with pharmaceutical-like benefits.
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Sterilization and Disinfection Products: Essential for maintaining hygiene and preventing infections in clinical settings.
