LVMH

2 0 1 9 E n v i r o n m e n t a l R e s p o n s i b i l i t y R e p o r t

11

E N V I R O N M E N TA L E X C E L L E N C E A R E N E W E D C O M M I T M E N T

HÉLÈNE VALADE,

ENVIRONMENTAL DEVELOPMENT DIRECTOR

ANTOINE ARNAULT,

DIRECTOR OF IMAGE, COMMUNICATION AND THE ENVIRONMENT

I am delighted to assume the mantle of the Group s envi-

ronmental ambitions, taking over from Toni Belloni. As the world s leading luxury Group, we have a responsibility to

spearhead environmental responsibility and design products

that blend ingenuity and respect for natural resources.

The recent health crisis has increased expectations around

this issue. We need to more tightly integrate the environment

into the Group s top line strategy. We are looking to deploy a

framework of excellence for the decade by setting objectives that accurately reflect clear priorities and the emergency the planet is facing. A strong focus will be placed on protecting biodiversity, as we announced in September 2019 at the

launch of the animal welfare charter.

At the heart of the Group s environmental ambition lies the bold undertaking to continue to transform, invent a new

model to rewrite the conventions of the luxury industry and

reaffirm creativity as one of LVMH s core values. Creativity is essential and endlessly stimulating as it empowers us to

imagine a better future that respects living things.

The next level for LIFE 2020 (LVMH Initiatives for the

Environment) will be built on solid foundations to respond to

the questions raised by the environmental emergency, such

as how do we further reduce the environmental footprint of

our activities? How can we better protect biodiversity, a rich

source of inspiration for our products? How can the circular

economy fuel creativity? How do we integrate environmental

traceability into the customer experience?

I am proud to tackle these challenges head on, following in

the footsteps of Sylvie Bénard, who pioneered the integration

of environmental considerations within LVMH. She leaves

behind a legacy of solidity and ambition. The LIFE program of

commitments represents a very powerful tool that has more

closely integrated environmental concerns into the strategy

and managerial processes of the Group and its Maisons.

The dialogue maintained with the Maisons, which are more

focused than ever on this matter, and the Group s stake-

holders is essential in enhancing LVMH s non-financial

performance and enabling it to set the bar in terms of envi-

ronmental responsibility in the luxury industry.

Harnessing environmental challenges to stimulate bold creativity

The exciting challenge of building the next step for LIFE 2020