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3

2024 Outlook

In an environment that remains uncertain, espe-

cially in the United States and China, and with

shifts in consumer behavior, the business group

is approaching 2024 with caution and pragmatism.

It will continue to draw on the strengths of its

dynamic teams and solid foundations, including

its balanced geographic coverage and diverse

portfolio of prestigious brands. The Maisons will

continue to enhance their desirability through

powerful product-focused initiatives including

Armand de Brignac’s launch of the Blanc de Noirs

cuvée and Hennessy’s release of new bottles, as

well as promotional initiatives including Veuve

Clicquot’s partnership with the legendary Venice

Simplon-Orient Express and a new creative collab-

oration for Dom Pérignon. Mindful of their rich

heritage and environmental responsibility, they

will continue to pursue their sustainability-focused

roadmap, aimed at protecting biodiversity and

reducing their carbon footprint. In the second

half of the year, Moët Hennessy will welcome the

world’s leading experts in soil microbiology and

sustainable winegrowing to its second World

Living Soils Forum, to be held in October in Arles

(southern France), aimed at sparking dialogue and

stepping up the pace of scientific progress in these

fields. Excellence, authenticity, innovation and

sustainability remain the guiding principles for the

Maisons in the Wines & Spirits business group:

core values that reflect their mission – “Crafting

Experiences” – as well as Moët Hennessy’s vision

of being the leader in luxury wines and spirits.

OUR MAISONS TAKE ACTION

Belvedere’s distillery one step closer

to becoming fully self-powered

— In 2023, Belvedere installed a new solar

power generation unit that has already

generated 97 MWh of electricity in just three

months. Its biomass and cogeneration heat

and power plant, in operation since 2021,

also generates green electricity and steam;

following improvements, it is now 30% more

efficient. This means in 2023 the distillery

was able to meet 75% of its own energy needs

from green energy generated on site.

The Maison is already planning further steps

in 2024 to make it even more self-sufficient

and boost its share of green energy.