TAKING ACTION FOR THE CLIMATE

MITIGATING CLIMATE CHANGE AND ADAPTING TO ITS EFFECTS

In drawing up its climate objectives and action plans, LVMH refers to the most demanding standards. The Group seeks to halve its GHG emissions across Scopes 1 and 2 by 2026 and reduce its emissions per unit of added value by 55% across Scope 3 by 2030. With respect to Scope 3, the LIFE 360 Business Partners program supports suppliers to reduce their carbon footprint. In 2024, 19 Maisons had carbon trajectories validated or in the process of being validated by the SBTi. Moreover, the Group conducts its own assessments on its current and future exposure to climate risks to establish relevant adaptation plans, complete with operational responses that can already be rolled out now.

BRINGING OUR COMMITMENTS TO LIFE ON SITES AND AT STORES

The LVMH energy conservation plan, launched in 2022, aims to pick up the pace at which the Group’s sites and stores transition toward a lower carbon model by implementing an energy efficiency policy and harnessing renewable energy. Stores are cutting their energy use, with a view to consuming less than a maximum of 300 kWh/m2 by 2030. In addition, LVMH cooperates with the shopping malls in which its stores are located to implement joint action plans, having already signed three partnerships in Asia and the Middle East. Furthermore, the Group continues to improve its energy mix, with renewables accounting for 71% of the Group’s energy consumption in 2024. This progress was achieved by developing the capacity to produce renewable energy on Group sites. In France, Group sites use Save Énergies biomethane, while many Maisons’ sites produce their own photovoltaic or geothermal energy.

TAKING ACTION TO CUT SCOPE 3 EMISSIONS

Scope 3 emissions account for 97% of the Group’s total carbon footprint. The purchase of raw materials (products and packaging) generates 37% of these emissions, and other sources include capital goods purchases (20%), media and marketing campaigns (13%), and upstream and downstream transport (12%). To reduce this footprint, the Group implements targeted action plans, including using certified materials, supporting regenerative agriculture, and expanding the use of lower emission logistics solutions such as sea freight. To reduce the emissions relating to its suppliers, LVMH launched LIFE 360 Business Partners, a joint action program to support suppliers in their efforts to minimize their carbon footprint and environmental impact.