Louis Vuitton owner emerges as ESG magnet

Preferred counter: A shopper walks past a Louis Vuitton store in Hong Kong. The company has been included in a number of sustainable indexes, including S&P Global ESG and Moody’s ESG. — Bloomberg

THE world’s biggest producer of luxury goods has emerged as a favourite among fund managers marketing themselves as promoters of environmental and social goals.

More than 1,200 environmental, social and governance (ESG) funds now hold shares of LVMH Moet Hennessy Louis Vuitton SE, according to data compiled by Bloomberg. Roughly 500 more are indirectly exposed to the luxury behemoth, the data showed.