LIFE 360 Business Partners

The success of the Group’s LIFE 360 strategy relies on the ability of its suppliers to transform their own practices to reduce their impact on the climate, nature and resources.

LVMH understands it can act as a powerful force to drive change across its supply chains, which is why in 2023 it launched the LIFE 360 Business Partners program to support and train suppliers. Led by the Group’s environment and purchasing departments, it is built around three main pillars.

The first deals with harmonization. Indeed, with support from industry federations, LVMH is working to harmonize the tools used to collect environmental data as well as audit practices adopted by the Group’s third parties.

The second focuses on sharing knowledge through special training courses, for example on the climate, while also encouraging dialog through the Business Partners Day at Group, Maison or division level. The final pillar relates to co-innovation to support specific initiatives on the materials and/or processes of the future. This program, which now spans 10 direct and indirect purchasing categories across the LVMH business groups, is designed to evolve over time and is rooted in open dialog so it may adapt to the needs of partners.

One of the main areas of focus for LIFE 360 Business Partners seeks to bring suppliers on board with the effort to reduce the Group’s scope 3 emissions. It does this in two ways – advocating for the integration of ESG clauses into contracts and calls for tender by 2030; and leading a community of suppliers and buyers to encourage them to share best practice with respect to the environmental and social transition.