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.