Kering and LVMH listed on Diversity and Inclusion Index

Luxury conglomerates Kering and LVMH Moet Hennessy Louis Vuitton SE have both been recognised as two of the most diverse and inclusive publicly listed companies globally, according to the Thomson Reuters Diversity and Inclusion Index.

The first of its kind diversity and inclusion index measured relative performance against multiple factors that define diverse and inclusive workplaces across four key categories: Diversity, Inclusion, People Development and News Controversies.

"We are in the midst of an historical shift in perspective that is affecting companies across the world and across industry boundaries. Diversity is becoming a performance issue, a growth engine," said Debra Walton, chief product and content officer, Financial and Risk, Thomson Reuters. "Our research shows that companies that make investments and focus on ESG matters can have a stronger stock performance and better long-term profitability.”

Kering was ranked 22nd to become the highest-ranking luxury company to be included in the top 25, followed by LVMH at 24th place.

Commenting on Kering’s inclusion in the index, human resources senior vice-president Béatrice Lazat said: “This ranking reflects everything we stand for as a global Luxury and Sports and Lifestyle group. Our top position is a tangible recognition of the strong engagement of everyone, at every level of our organisation, to reach our ambitious HR goals in diversity and inclusion.”

Roche Holding, which focuses on developing medicines and diagnostics that will help patients live longer, better lives, topped the index with a score of 82.50 percent.