As the LVMH Environment Department prepares to celebrate its 25th anniversary, including a livestream on Facebook, discover the ambitious new objectives in the LIFE (LVMH Initiatives For the Environment) 2020 program. This roadmap will further boost the environmental performance of the LVMH Group and each of its Maisons.
The LVMH Group created the LVMH Initiatives for the Environment, or LIFE, program in 2012, accelerating an environmental and sustainable development strategy deployed since 1992. The cornerstone of the Group’s commitment to protecting the environment, this comprehensive program spans production, procurement, retail and design across all 70 LVMH Maisons. LIFE is a broad initiative that engages every one of the Group’s 135,000 employees.
Today LVMH reasserts its commitment to making protection of the environment a key growth driver, expanding the LIFE program with ambitious new objectives for 2020. This strong 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: To 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 the capacity for initiative. This roadmap has unlocked creative energies by opening up opportunities and driving innovation and growth while unifying teams around shared goals.