Whether solar, wind, geothermal, tides or vegetation, renewable energy sources all share very limited (or even zero) carbon footprints, giving them pride of place in the global transition to clean energies. Renewal energies are also a priority in LVMH’s environmental policy. TAG Heuer and Loro Piana are among the LVMH Houses that are leading the way.
L’énergie solaire de TAG Heuer
TAG Heuer is a founding partner of FIA Formula E, the world racing championship for 100% electric cars, launched in 2014. This initiative springs directly from the watchmaking house’s strong commitment to environmental excellence, articulated a decade ago. Today TAG Heuer keeps moving forward by deploying more renewable energies too. At its watch manufacture in La Chaux-de-Fonds, the company has installed one of the largest solar power systems in Western Switzerland. The 777 square meters of photovoltaic panels on the roofs of its buildings generate 108,000 kWh of electricity per year, equivalent to the consumption of 40 families.
Sustainable production at Loro Piana
Manufacturing textiles consumes large amounts of energy, which is why Loro Piana now produces 45% of the electricity it uses annually internally, including 4% from renewable sources. The Maison has installed 11,000 square meters of photovoltaic panels at four of its six sites in Italy, eliminating 750 metric tons of C02 each year. It has also set up in 2013 a cogeneration system to produce both electricity and heat, cutting greenhouse gas emissions by 30%. Already in 1994 Loro Piana became the first company in the textile industry to invest in a natural gas turbine. Both installations produce every year around 14,500 MWh of electricity and 20,000 MWh of thermal energy, with a reduction of over 2,250 tons of CO2.