What investments does the Group make in protecting the environment?
For a Group whose businesses are intimately linked to nature, respect for the environment is both a responsibility and an asset for the future. This justifies a proactive collective commitment. LVMH published an Environment Charter signed by Bernard Arnault in 2001. This document aims to continually heighten the commitment and awareness of all Group employees. It sets out key principles, including a commitment to best-in-breed environmental performance, encouraging collective initiatives, formally structuring risk prevention and pursuing commitments that extend beyond the enterprise. This commitment was renewed in 2003 when LVMH joined the United Nations Global Compact initiated by Secretary General Kofi Annan.
The LVMH corporate Environmental Affairs Department ensures close tracking of all related issues at the central level. It supervises a quarterly committee meeting attended by representatives of each Group company. The Group is also directly involved in many French and European environmental organizations.
The Environmental Affairs Department deploys a wide range of resources to align the Group with global best practices. These include regulatory and technical intelligence, creation of specific management tools, risk prevention, training and awareness building, audits and management of reporting.
Work groups regularly meet to assess the environmental impact of each of our businesses, to set improvement objectives and to develop appropriate action plans. Each Group company has also developed its own Environmental Management System with support from the corporate Environmental Affairs Department. Several of our companies have embraced ISO 14001 certification, including Hennessy, Louis Vuitton, Moët & Chandon and Veuve Clicquot.
Both environmental reporting data certified by the Group's auditors and environmental best practices are detailed each year in the LVMH Environment Report.