33

OF MATERIALS USED TO MAKE

THE MAISONS PRODUCTS

AND THEIR PACKAGING ARE SOURCED

THROUGH RECYCLING PROCESSES

55

REDUCTION IN THE GROUPS

ENERGYRELATED GREENHOUSE

GAS EMISSIONS SINCE 2019

Conserving biodiversity,

soil and water resources

For the past five years, LVMH has been working with

UNESCO to combat deforestation in the Amazon.

To conserve forest areas in the Congo, in 2024 the

Group joined a WWF program that supports forestry

certification projects to ensure the use of sustaina-

ble agroforestry practices. LVMH ramped up the

rollout of regenerative agriculture projects across its

value chain: in France for all the Moët Hennessy

vineyards, as well as for the beet necessary for the

requirements in alcohol of the Perfumes & Cosmetics

Maisons; in the United States, Turkey and Chad for

cotton; in Australia for merino wool; and in Indonesia

for palm oil. All in all, 3.8 million hectares of flora and

fauna habitat were preserved or restored in 2024. Soil

health is critical to conserving biodiversity. At the

World Living Soils Forum in Arles on October 8 and

9, 2024, Moët Hennessy called on all stakeholders

– winegrowers, farmers, manufacturers, NGOs and

scientists – to share progress and strengthen their

collective commitment to conserve and regenerate

soil. The issues of biodiversity and soil conservation

are also intrinsically linked to the need to protect

water resources. As part of its water strategy unveiled

in late 2023, the Group achieved a 10% reduction in

water withdrawal for its production sites and work-

shops in 2024 (relative to a 2019 baseline). The

Group’s actions are in keeping with the reference

framework drawn up by Science-Based Targets for

Nature, to which it has submitted objectives for

reducing its impact on nature: targets relating to

vineyards in a French winegrowing region and cash-

mere production in Mongolia were validated in 2024.

Taking action for the climate

In 2024, two years before the deadline it set for itself,

the Group achieved its target of reducing absolute

energy-related GHG emissions by 50%. This was

mainly thanks to the Energy Efficiency Plan launched

in September 2022, which resulted in significantly

reduced consumption at stores and production sites

as well as facilitating the adoption of a system for

managing energy efficiency through staff training,

the installation of smart meters, and across-the-

board use of LED lighting. It was also achieved through

an increase in renewable energy as a proportion of

the Group’s overall energy mix: in 2024, the share of

renewables rose from 63% to 71% thanks to pur-

chases of renewable electricity certificates and the

contract entered into with Save Énergies, which sup-

plies all of the Group’s French production facilities

and sites with biomethane. On December 12, 2024,

the fifth LIFE 360 in Stores Awards highlighted

Maisons’ carbon reduction efforts, recognizing those

stores that had taken the most innovative steps to

improve their environmental footprint and turn their

retail spaces into models of sustainability. To mark

the occasion, in the spirit of co-creation embodied

by the Joining Forces initiative launched at the 2023

LIFE 360 Summit, the Group shared the Life in

Architecture guide to sustainable construction and

building management, accessible to all (via the lvmh.

com website under an open source license). Having

entered into partnerships with Hang Lung, Miami

District and the top five local lessors in the United

Arab Emirates, to continue working together to

improve the environmental footprint of stores

located in malls, LVMH entered into a strategic

partnership with Swire Properties at the China

International Import Expo on November 6, 2024, cov-

ering 50,000 square meters of retail and office

space in mainland China and the Hong Kong Special

Administrative Region (SAR). The Group’s Scope 3

emissions also declined significantly in 2024, down

33% relative to the baseline year of 2019 (with a target

of achieving a 55% reduction in CO

2

emissions per

unit of added value by 2030). Scope 3 carbon reduc-

tion efforts involve all the areas set out in the Group’s

Environmental Transition Plan: improving production

and raw material extraction practices, further develop-

ing sustainable design and initiatives to give products

a second life, decarbonizing logistics and last-mile

deliveries, improving the air/sea ratio and supporting

suppliers through the LIFE 360 Business Partners

program. This program, which was launched in late

2023, took shape in 2024 and was adapted by the

Maisons to closely align with the specificities of

suppliers, whose participation is key to achieving a

meaningful change in indirect carbon emissions.