Question: Does the company have a mechanism to ensure that small-scale suppliers and/or distributors are paid a fair price for goods, services, and/or crops supplied to the company?
Answer:
Unknown
2528819
Poverty Footprint
Fair Trade Mechanism
2015
Unverified - Added by Community
updated over 7 years ago by Virosha Singh

The company have does not clearly discuss a mechanism or method to ensure that small-scale suppliers and distributors are paid a fair price for goods, services supplied to the company. However, the company does discuss they intend to maintain and promote responsible relationships with suppliers. Please see page 34/50 for LVMH's Supply Chain initiatives.

Virosha Singh.....2017-02-15 22:20:38 UTC

Confirmed that the report does not clearly state if a mechanism exists but page 43 of the 2015 Annual Report discusses "supporting suppliers, solidarity and social entrepreneurship"

Page 85 and 86 of the 2015 Reference Document discusses "Relations with suppliers"

Shreshini Singh.....2017-02-16 22:56:57 UTC