Opened by LVMH Chairman and Chief Executive Officer Bernard Arnault, the ceremony featured presentations by LVMH Maisons of concrete commitments made to meet the our key objectives of the LIFE 2020 program. Many of the CEOs personally presented the initiatives by their Maisons, including Michael Burke (Louis Vuitton), Chris de Lapuente (Sephora) and Philippe Schaus (Moët Hennessy). Guest speakers Bertrand Piccard, Chairman of the Solar Impulse Foundation, and Tony Estanguet, Co-Chairman of the Paris 2024 Olympic Committee also shared insights. The speakers highlighted pioneering initiatives by LVMH and the high strategic priority accorded to sustainable development by the Group and its Maisons.
“By embedding ecological imperatives as a source of innovation, we very early made environmental responsibility a pillar of our growth strategy. The LVMH Group is proud of its pioneering role for the past 25 years, and we aim to remain trailblazers,” said Bernard Arnault, Chairman and Chief Executive Officer of LVMH.
The LVMH Group launched the LIFE program in 2012 to accelerate the environmental and sustainability strategy deployed since 1992. As the foundation of the Group’s environmental strategy, LIFE encompasses, production, supply chain, retail and design activities at LVMH’s 70 Maisons. This major program engages each of the Group’s 145,000 employees.
LVMH established an internal carbon fund in 2015 within the framework of this program, creating a powerful lever to reduce the greenhouse gas emissions of LVMH and its Maisons by 25%, thus contributing to international efforts to limit global warming. The program has been a resounding success, with more than six million euros invested in projects.
Today, LVMH reasserts its commitment to making protection of the environment a key growth driver, expanding the LIFE program with new objectives for 2020. This resolute commitment is based on four pillars that engage all the Group’s business sectors and activities: products, supply chain, CO2 and sites. For each pillar, concrete objectives have been set:
– Product objective: Mitigate the environmental footprint of product creation. By 2020 the Group aims to improve the environmental performance of all its products, covering the entire lifecycle.
– Supply Chain objective: More closely monitor the traceability and conformity of the raw materials used to create our exceptional products while at the same time preserving natural resources and applying the highest standards across 70% of procurement chains.
– CO2 objective: Reduce CO2 emissions by 25% by 2020, pursuing initiatives introduced to fight climate change. The LVMH Group pioneered a trend among businesses in 2002 by introducing carbon reporting at its Maisons. In 2015 LVMH again proved a trailblazer by creating an in-house Carbon Fund, announced during the COP21 conference.
– Site objective: All sites will target an improvement of at least 10% in environmental performance indicators including water and energy consumption and waste production. The Maisons are also committed to improving their energy efficiency by 15%.
LIFE 2020 marks an important new phase, giving LVMH Maisons a clear vision and strengthening our capacity for initiative. This roadmap has unlocked creative energies by opening up opportunities and driving innovation and growth while unifying teams around shared goals.