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LVMH to double its internal carbon funds
27
Sep '17
Courtesy: LVMH
Courtesy: LVMH
Celebrating its 25th anniversary, the LVMH Group Environment Department has announced its intention to double its internal carbon funds. The Group is considering new initiatives in sustainability and looks to the future with the “LIFE 2020” roadmap. The world leader in luxury, LVMH created a corporate level Environment Department back in 1992.

LVMH pursues a long-term vision and has a special responsibility for exemplary performance in pursuing sustainability. From its founding, the environment department has supported 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 programme 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 the Maisons, the LIFE programme set out new objectives with the “LIFE 2020” roadmap, centred 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 per cent renewable energy has already been achieved and increased to 30 per cent 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 tonne 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. Another highlight of this two-day agenda was a fashion show organised 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 and 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. (SV)

Fibre2Fashion News Desk – India


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