Trailblazers for 25 Years, LVMH & Its 70 Maisons Reassert Their Leadership in Environmental Performance in the Luxury Industr...
September 20 2017 - 3:22PM
Business Wire
The LVMH Group Environment Department celebrates its 25th
anniversary in September 2017.
This milestone offers an opportunity to spotlight pioneering
initiatives in sustainability, look to the future with the “LIFE
2020” roadmap and announce its intention to double its internal
carbon funds.
The world leader in luxury, LVMH pursues a long-term vision and
has a special responsibility for exemplary performance in
pursuing sustainability. This is why LVMH created a corporate
level Environment Department back in 1992. From its founding, this
department has supported the different Maisons and inspired a
collective commitment to ensuring long-term development while
respecting the environment.
LVMH focused even greater priority on environmental issues in
2012 with the creation of LIFE – LVMH Initiatives For the
Environment – a comprehensive program that covers all 70
Maisons, including their production, procurement and retail
operations and beginning right from product design. Now a required
component in the strategic plans of all our Maisons, the LIFE
program set out new objectives with the “LIFE 2020” roadmap,
centered around four pillars “Products-Sourcing and supply
chain-CO2-Sites”.
These realistic objectives were defined with input from staff
from 30 LVMH Maisons, and are designed to be not simply met, but
exceeded. For example, the initial target of using 10% renewable
energy has already been achieved and increased to 30% by 2020.
Similarly, the Group will double its internal carbon funds as
of next year: the calculation will henceforth be based on 30
euros per ton of CO2.
To celebrate 25 years of commitment to environmental excellence
at LVMH, two exceptional “Future LIFE” evenings gave the
chief executives of LVMH Maisons an opportunity to share their
initiatives (click here to learn more about their commitments).
Another highlight of this two-day agenda was a fashion show
organized with the Central Saint Martins design school, resonating
with the sustainable development partnership launched with the
school earlier this year. A number of prominent guests were also
invited to give talks, including Tony Estanguet, Paris 2024 Bid
co-Chairman – of which LVMH is a partner – and Swiss aviator
Bertrand Piccard, Initiator & Chairman of the Solar Impulse
Foundation.
“By embedding ecological imperatives as a source of innovation,
we have long made environmental responsibility a pillar of our
growth strategy for 25 years. The LVMH Group is proud of its
pioneering role and we aim to remain trailblazers,” says Bernard
Arnault, Chairman and Chief Executive Officer of LVMH.
“We aim to go even further in achieving the environmental
excellence. For this reason, we plan to double our internal carbon
funds as of next year and thus reduce even more rapidly our
greenhouse gas emissions,” says Sylvie Bénard, LVMH Group
Environment Director.
“LIFE 2020” Objectives, some illustrations:
Objective Products+10% improvement in
Environmental Performance Index (EPI) of LVMH Group products.
Objective Supply Chain70% of leather used sourced
from tanneries certified by the Leather Working Group (LWG).
Objective CO230% renewable energy use and a
25% reduction in CO2 emissions compared with 2013.6.7
million euros invested since 2016 in the LVMH internal carbon
funds.
Objective Sites+10% improvement in environmental
performance at all sites and stores (water, energy, waste).
(Download the press kit here)
About LVMH
LVMH Moët Hennessy Louis Vuitton is represented in Wines and
Spirits by a portfolio of brands that includes Moët & Chandon,
Dom Pérignon, Veuve Clicquot Ponsardin, Krug, Ruinart, Mercier,
Château d’Yquem, Domaine du Clos des Lambrays, Château Cheval
Blanc, Hennessy, Glenmorangie, Ardbeg, Belvedere, Woodinville,
Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Cape
Mentelle, Newton, Bodega Numanthia and Ao Yun. Its Fashion and
Leather Goods division includes Louis Vuitton, Céline, Loewe,
Kenzo, Givenchy, Thomas Pink, Fendi, Emilio Pucci, Marc Jacobs,
Berluti, Nicholas Kirkwood, Loro Piana and Rimowa. LVMH is present
in the Perfumes and Cosmetics sector with Parfums Christian Dior,
Guerlain, Parfums Givenchy, Kenzo Parfums, Perfumes Loewe, BeneFit
Cosmetics, Make Up For Ever, Acqua di Parma, Fresh, Kat Von D and
Maison Francis Kurkdjian. LVMH's Watches and Jewelry division
comprises Bulgari, TAG Heuer, Chaumet, Dior Watches, Zenith, Fred
and Hublot. LVMH is also active in selective retailing as well as
in other activities through DFS, Sephora, Le Bon Marché, La
Samaritaine, Royal Van Lent and Cheval Blanc hotels.
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