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

21

year in an Environment Committee to review the

initiatives implemented, the results achieved and

the projects under way or coming up, as well as share any best practice. These meetings help to

boost collective expertise as we invite interna-

tional specialists to speak. To go even further, we

set up the Environment Academy, which provides fundamental training on environmental issues.

The Academy will open to all employees from any department to enable them to integrate these

considerations into their day-to-day work.

You both played an integral part in developing the LIFE program. In what way is it important?

S.B.: LIFE was born from a process of collective thinking, developed by a number of employees

representing all our professions. The Maisons use

LIFE to structure their environmental strategy as

well as the way they design and retail their prod-

ucts. More importantly, is sets the general course

that encourages us to continuously improve.

Toni Belloni: Since 1992, the Group has never stopped evolving and diversifying its operations.

TONI BELLONI

MANAGING DIRECTOR

It became obvious that we needed to give our

Maisons a Group framework to channel their

efforts and creativity toward a shared set of

environmental causes. Launched in 2016 with

measurable objectives, LIFE has provided a shared language to all the Maisons. The LIFE objectives are also included in their strategic road map.

How would you describe the LVMH e nviron- mental policy?

T.B.: We base our policy on scientific evidence, and then we put in place the right tools, which can be

used by all Maisons. Our commitment translates

into tangible action through a rigorous methodol-

ogy. We have set four quantifiable objectives for 2020 to improve the environmental performance

of all products, apply the highest standards in

70% of sourcing channels, reduce CO 2 emissions

related to energy consumption by 25% on 2013 levels, and improve sites key environmental effi- ciency indicators for water, energy and waste by

at least 10%. Since 2019, we have already achieved and even exceeded some objectives. For example, we have already reduced CO

2 emissions by 25%,

and increased the proportion of renewable energy

in the LVMH energy mix to over 36%.

S.B.: Our policy also stands out because it is selec- tive; we carefully choose which initiatives we

support. In 2019, we signed two major partner- ships one with UNESCO to protect biodiversity

and another with the Solar Impulse Foundation.

With the ParisTech Foundation, we financed the creation of a Chair of Environmental Accounting and we also unveiled our new charter for animal

welfare.

We strive for environmental excellence and I am

proud to pass on to Hélène Valade an Environment

Department that never fails to buckle down to exceed our already ambitious objectives.