LVMH celebrates the 25th anniversary of its Environment Department

LVMH celebrates the 25th anniversary of its Environment Department

 

Paris, 2017-Sep-21 — /EPR Retail News/ — LVMH celebrates the 25th anniversary of the creation of the Group’s Environment Department on Wednesday, September 20th. LVMH will bring together CEOs from Group Maisons and prominent environmental experts for a special evening dubbed “Future LIFE”. The event offers an opportunity to spotlight 25 years of pioneering environmental initiatives by LVMH and look to the future.

The LVMH Group and its 70 Maisons have actively supported sustainable development since 1992, led by the Environmental Department. Created 25 years ago, the department supports the Maisons to help them thrive over the long term while respecting the environment.  The LVMH Group has made environmental responsibility a pillar of its growth strategy. A video retrospective recaps highlights of this engagement from the past 25 years.

In 1992, the year of the Earth Summit, LVMH decided to create a distinct Environment Department, reporting directly to top management. The new department was tasked with setting bold sustainable development goals, and supporting the Maisons in achieving these goals, ensuring their long-term development while respecting the environment.

LVMH focused even greater priority on environmental issues in 2012 with the creation of LIFE –  LVMH Initiatives For the Environment – a program that structures initiatives by Group Maisons and unifies efforts to meet targets in all areas of their operations, from production and procurement to retail and design. As part of this program, LVMH created an in-house carbon fund in 2015 with the goal of reducing CO2 emissions by the Group and its Maisons by 25%, contributing to international efforts to limit global warming. Over six million euros has been invested in green projects thanks to this fund!

To celebrate 25 years of commitment by the Group and the creation of its Environment Department, a special evening dubbed “Future LIFE” will take place on September 20th. Numerous CEOs from LVMH Maisons will be joined by prominent environmental experts. The event offers an opportunity to spotlight 25 years of pioneering environmental initiatives by LVMH and look to the future with LIFE 2020, a comprehensive and ambitious roadmap that encompasses all Group businesses and operations.

Contact:

LVMH Moët Hennessy – Louis Vuitton
22, avenue Montaigne, 75008 Paris – France
Tel: +33 (0)1 44 13 22 22
Fax: +33 (0)1 44 13 22 23

Source: LVMH

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LVMH Environment Department to mark its 25th anniversary with new objectives in the LIFE 2020 program

Paris, 2017-Sep-20 — /EPR Retail News/ — 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.

As part of celebrations around the 25th anniversary of the Environment Department, LVMH is hosting a special event that will be livestreamed on the Group’s Facebook page. Rendezvous on September 20 from 6:30 pm Paris time on facebook.com/lvmh!

Contact:

LVMH Moët Hennessy – Louis Vuitton
22, avenue Montaigne, 75008 Paris – France
Tel: +33 (0)1 44 13 22 22
Fax: +33 (0)1 44 13 22 23

Source: LVMH