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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W O R K I N G H A N D I N H A N D W I T H S TA K E H O L D E R S

INCREASING PROFESSIONAL DIALOGUE

It is impossible for one business alone to solve the world s

environmental problems, which are so often systemic. That

is why collective dialogue has such an important role to play

in the Group s environmental policy. It actively participates,

alongside public and private stakeholders, in a number of

professional technical projects on the protection of natural resources. As a leader in its industry, LVMH plays a driving role in steering its markets toward environmental excellence and

contributes to considerable collective progress.

Issues related to sustainable sourcing are central to these

efforts, demonstrating the Group s drive to integrate all its

stakeholders to achieve continuous progress in its environ-

mental strategy. Its commitment in the wine industry clearly

reflects this approach (see p. 24). Furthermore, LVMH is a member of the Biodiversity working groups of Orée, the

French environmental non-profit that partners businesses and communities, and the French federation of beauty compa-

nies (FEBEA). LVMH also sits on the Responsible Jewellery Council (see p. 29-30), as well as takes an active role in the Coloured Gemstones Working Group, the Leather Working

Group (LWG), the Textile Exchange (see p. 30) and Business for Social Responsibility (BSR), the world leading business

network dedicated to corporate social, societal and environ-

mental responsibility. In 2019, the Group joined the Entreprises engagées pour la nature act4nature France initiative (see p. 32), to help businesses promote and encourage tangible and measurable action to protect nature.

In 2019, LVMH also joined the Zero Discharge of Hazardous Chemicals (ZDHC) foundation, which seeks to promote best practice and the use of safer chemicals at textiles and leather

manufacturing facilities (see p. 58).

SETTING UP PROJECT PARTNERSHIPS

LVMH is keen to achieve progress through collective

action, which is why the Group regularly establishes project

partnerships. The Group collaborates with several states and

local authorities. For example, as a signatory of the new Paris

Climate Action Plan, the Group supports the vision for the City of Paris to become carbon neutral and solely powered by

renewable energy by 2050. The Champagne Maisons signed

a trial agreement with Enedis to expand the use of electric

vehicles in rural areas (see p. 40).

LVMH is also involved with research partners, such as the

Foundation for Research on Biodiversity, where it is a member

of the 160-strong strategic orientation committee. Located in

Montreal, Quebec, the International Reference Center for Life

Cycle of Products, Services and Systems (CIRAIG) is another of the Group s key partners. As an industrial partner, LVMH supports the Center s work on the circular economy and the

water footprint. The Group also supports research to contin-

uously improve farming practices (see p. 26). Certain Maisons such as Bvlgari Parfums have established partnerships to

enhance the practices in cultivating and harvesting jasmine (see p. 28).

In addition to these partnerships, LVMH has set up partner-

ships in the academic world, enabling the Group to support

students as they train, increasing their awareness of environ-

mental issues while fueling its own creativity and capacity for

innovation. One of the most iconic partnerships is the one

established in the UK with Central Saint Martins, an interna-

tionally renowned London-based institution (see p. 46-48).

SUPPORTING SCIENTIFIC RESEARCH

In addition to expanding knowledge, LVMH seeks to facil-

itate knowledge transfer from the scientific community to the business world and civil society. Driven by the strong belief that scientific knowledge can help companies better take into account the need to preserve natural resources in

their corporate strategies, the Group supports research into

natural capital in particular. LVMH went one step further by

financing the creation of a Chair of Environmental Accounting in partnership with AgroParisTech (the Paris Institute of