COP26: LVMH’s concrete solutions applied with its partners to tackle the climate emergency
The fight against climate change is vital, and companies must play a defining role. LVMH is presenting its actions at COP26 and continuing its dialogue with stakeholders.
LVMH GROUP EVENT HIGHLIGHTS (GMT local time)
Glasgow – COP26 Blue Zone
Wednesday, November 3 at 2.00 pm:
As part of HRH Prince Charles’ Sustainable Markets Initiative (SMI), Stella McCartney, the first designer to have ever been invited to COP26, launches the “Future of Fashion: An innovation conversation with Stella McCartney” exhibit at the Kelvingrove Art Gallery and Museum in Glasgow. The installation features highly innovative materials such as the Bolt Threads’ Mylo™️ mycelium leather, regenerative cotton from SÖKTAŞ; Evrnu NuCycl™️ and ECONYLⓇ regenerated nylon sourced from post-consumer waste and ocean plastics.
Thursday, November 4 at 4.00 pm:
“Scaling-Up the Solutions for the Ecological Transition to Net Zero” organized by the Solar Impulse Foundation with its founder Bertrand Piccard, with Peter Nelson, Operations Director at Glenmorangie, representing the LVMH group.
This panel is an opportunity to show how LVMH has passed from the exploratory phase to action, implementing solutions from the Solar Impulse Foundation, which the Group has been supporting since 2019. All bearing the “Solar Impulse Efficient Solution” label, they have been published for the occasion in the “Solutions Guide”. With Scotland the initial area for implementation, and Glenmorangie, the Group’s Scottish Maison, offering a prime example, these solutions can be replicated around the world.
Saturday, November 6:
“Net Zero Business and Value Chain” organized by EpE (Entreprises pour l’Environnement) in the European Pavilion, with Hélène Valade, Environmental Development Director, representing the LVMH group.
“Preserving Biodiversity Can Help Mitigate Climate Change” organized by LVMH in the French Pavilion, with Philippe Schaus, CEO of Moët Hennessy, Alexandre Capelli, Group Environmental Deputy Director, and Carole Collet, Director of Maison/0, the Central Saint Martins / LVMH creative platform, representing the Group, together with Meriem Bouamrane, UNESCO’s Chief of Section on research and policy on the Man And the Biosphere (MAB) program, Stéphane Hallaire, Founder and CEO of Reforest’Action, Bastien Sachet, CEO of Earthworm Foundation, and Alexandre Rambaud, Lecturer at AgroParisTech-CIRED and co-founder of the Chair of Ecological Accounting.
Monday, November 8:
“Net Zero for the Private Sector: how can businesses contribute to global carbon neutrality and report on their strategies?” organized by ADEME and Carbone 4, with Hélène Valade, Environmental Development Director, representing the LVMH group.
“Fashion Industry on the Race to Zero” organized by Fashion Industry Charter for Climate Action (UNFCCC), with Hélène Valade, Environmental Development Director, representing the LVMH group.
Edinburgh – Royal Society of Edinburgh
Thursday, November 11:
Conference on the Glenmorangie “DEEP” project to restore marine ecosystems and analyze the impact on storage capacities.
Reception at the National Museum of Scotland (Early People Gallery) in partnership with Glenmorangie. Opening speech by Thomas Moradpour, CEO of Glenmorangie and Mairi Gougeon, Member of Scottish Parliament and Cabinet Secretary for Rural Affairs and Islands.
LVMH has set a target of reducing its Scope 3 GHG (greenhouse gas) emissions by 55% per unit of value added by 2030, and its emissions linked to energy consumption by 50% (compared with 2019 levels) by 2026. The Group is taking a recognized approach, subject to third-party approval, by signing up to the SBTi (Science Based Target Initiative), which recently approved the ambitious targets of four of the Group’s Maisons: Louis Vuitton, Moët Hennessy, Parfums Christian Dior and Guerlain.
LVMH has thus set a carbon trajectory compatible with the Paris Agreement and is contributing to the European target of carbon neutrality by 2050. Targeted means have been defined, including: 100% renewable or low-carbon energy in all locations and stores by 2026, implementing a green e-commerce program, and working with the livestock sector on methane, which has extremely high heating potential.
In pursuit of solutions to reach these carbon targets, LVMH and SAVE Energies, France’s second-largest purchaser of biomethane, will join forces for three years from 2023 to replace the Group’s fossil fuel consumption in France with green gas.
Some Group Maisons are already using biomethane. Hennessy and Guerlain, to name but two, are keen to adopt more virtuous practices and agreed to purchase green gas from SAVE Energies from October 2020 and July 2021 respectively.
The entire Group is committed to this transformation. This effort will enable LVMH to eliminate 14,000 CO2 equivalent metric tons of emissions annually in France, contributing to its target of reducing its worldwide emissions by 50% by 2026.
Alongside these initiatives, Antoine Arnault, LVMH Image and Environment, was interviewed on behalf of the Group for the special study published this month by the United Nations and Accenture: “The 2021 United Nations Global Compact–Accenture CEO Study on Sustainability: Climate Leadership in the Eleventh Hour.” The world’s largest research program on sustainable development, it garnered the views of more than 1,000 CEOs from 113 countries and 21 business sectors.