LVMH 2018 . Environmental Report
43
FOCUS
THE HOUSES TAKE ADVANTAGE OF THE CARBON FUND
Two years after its creation on the occasion of the opening of COP21, the internal carbon fund achieved its objective and enabled
the Group to set up a virtuous circle to speed up the reduction in greenhouse gas emissions. In 2018, the Group doubled carbon
metric ton prices, reaffirming its drive for environmental excellence. Three examples of proactive participation by the Houses.
(1) As the 45 projects were set up mainly in countries with a low-emission energy mix (e.g. France) or sites already supplied by electricity produced by renewable energy, CO2 equivalent gains are more difficult to obtain.
In a tropical country like India, we have to cool our wine cellars. We decided to use the intense Indian sunshine to our advantage and install solar panels on the roofs at our site, in Nashik. This project supported by the carbon fund is all the more beneficial in a country that suffers from heavy pollution.
Rajesh Dixit, Estate Director, Chandon India
Striving for efficiency, we focused on the energy used for distillation. A biomass-fueled power plant at our facility will produce our own renewable energy. The project was supported by the carbon fund right from the R&D stage, and that is so valuable when you consider how much investment is necessary.
Wojciech Kosakowski, Technical Director, Belvedere
Starting in 2021, Belvedere will be reducing its CO2 emissions by 2,444 metric tons per year. An ambitious initiative in a country where 81% of the energy is produced from petroleum and coal.
To keep its sparkling wines at 16°C, Chandon India uses 469 solar panels to power the facility and reduce CO2 equivalent emissions by 19% in a region where 57% of electricity is produced by burning coal.
At Louis Vuitton, the carbon fund is an effective tool for raising awareness and mobilizing in-house commitment to tackle the climate challenge! Every year, we call for projects from our environment community. And over the years, we are proud to see that our property managers and site and regional contacts (at head offices, stores, logistics centers, etc.) are submitting more and more projects to us. We assess them based on our own effectiveness criteria, and then submit them to our Chairman who personally decides which ones to approve.
Sandrine Noël, Corporate Environment Manager, Louis Vuitton
45 projects driven by Louis Vuitton and approved by the carbon fund avoid 892 metric tons(1) of CO2 equivalent in offices, warehouses and stores, amounting to 10.5% of total Louis Vuitton emissions.
Belvedere: R&D to install a biomass-fueled power plant.
Chandon India: photovoltaic panels to cool wine cellars.
Louis Vuitton: a proven initiative for green investment.
