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
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These major events give LVMH an opportunity to outline its vision regarding these issues, share information and spread
best practice. In April 2019, LVMH once again sponsored the International Africa & Beauty Forum (FIAB), which held its sixth edition in Essaouira, Morocco, under the theme Beauty and Innovation: towards a responsible economy in Africa . Altogether, 65 companies took part in FIAB-2019, which was organized by Morocco s State Secretariat for Sustainable
Development, to discuss issues like the deployment in Africa of sustainable supply chains for plants grown for the cosmet-
ics industry.
In March 2019, at the Climate Change Leadership Forum in
Porto, Portugal, the Champagne Maisons asserted their long-
term commitment to combating climate change every step
of the way, from the vine to the cellars, and including in their
marketing and shipping.
Our employees represent the most effective ambassadors of
our environmental policy. The Group works with its Maisons
to develop information, raise awareness and train employees
so that they are all able to take responsibility for and advo-
cate its approach. For example in 2019, Hennessy gathered
its 870 employees in groups of 30 at CAPTEN meetings to discuss rolling out sustainable wine-growing. For its part,
Guerlain introduced the annual Best Committed Trainer Award designed to celebrate the most environmentally engaged trainers and sales advisors. Such initiatives have
encouraged many employees to embrace environmental considerations and increased their confidence to communi- cate outside the Group about LVMH s initiatives in this area.
TOWARD NEW ENVIRONMENTAL ACCOUNTING
High quality environmental information is essential if the
Group is to fulfill another of its ambitions to develop new accounting methods that facilitate the environmental
transition. In 2019, the ParisTech Foundation created the
Ecological Accounting Chair for an initial five-year period with partners including LVMH. The project seeks to develop, model, promote and test strong sustainability[1] accounting
methods with a view to creating accounting systems to help
everyone in society make their environmental transition.
The Chair was officially launched at the UNESCO headquar- ters in Paris on Tuesday September 3rd, 2019. The Chair will finance and support the work of four master s and four PhD students. One of the theses covered intends to test the CARE (Comprehensive Accounting in Respect of Ecology) model applied at one of LVMH s vineyards.
[1] Strong sustainability accounting, as opposed to weak sustainability accounting, recognizes the existence of three types of capital: financial, human
and natural, which cannot supersede one another. It therefore follows that certain natural resources must be preserved and habitats restored to keep the natural capital intact.
50 raw materials and substances have been removed from the formulations of products labeled Clean at Sephora
870 Hennessy employees discussed sustainable wine-growing at the CAPTEN meetings
1,589 social and/or environmental audits were conducted in 2019
