In a landmark event on December 14th, LVMH showcased its unwavering dedication to environmental sustainability at the Life 360 Summit hosted at UNESCO. This media extravaganza not only assessed the conglomerate’s environmental progress but also highlighted its supply chain resilience. A key announcement included a robust support plan, ‘Life 360 Business Partners,’ designed to empower LVMH’s suppliers and reduce the environmental impact of the supply chain.
The initiative focuses on strategic actions targeting raw materials and transportation, aiming to slash the formidable 95% scope 3 emissions that constitute LVMH’s carbon footprint. This comprehensive approach also addresses water and biodiversity impacts, aligning with LVMH’s official statement on environmental responsibility.
Under the LVMH umbrella, various brands commit to supporting suppliers in adopting eco-friendly practices across environmental, social, and governance (ESG) criteria. The program includes dedicated sessions from 2024 onward to understand suppliers’ environmental goals and a knowledge-sharing portal for exchanging solutions and expertise.
Suppliers gain access to the newly established Life Academy, while specialized working groups in regenerative agriculture facilitate best practice sharing among breeders and farmers. The purchasing department is actively collaborating with partners to develop strategies for reducing carbon footprints, reinforcing LVMH’s commitment to comprehensive sustainability.
Hélène Valade, Director of Environmental Development, emphasized the importance of supplier engagement in achieving ambitious scope 3 goals. This commitment follows recent environmental partnerships and announcements made during Cop 28, solidifying LVMH’s position as an environmental leader.
The summit marked the three-year review of LVMH’s Life 360 plan, outlining objectives for circularity, traceability, biodiversity, and climate preservation set for 2023, 2026, and 2030. While confidence is high in meeting 2026 and 2030 goals, achieving zero virgin fossil plastic by 2026 may require intensified actions starting this year.
Commendable practices, such as repairing 600,000 Louis Vuitton products annually, reusing unsold materials, and fostering regenerative agriculture programs, were highlighted. LVMH, home to iconic brands like Louis Vuitton, Christian Dior, Le Bon Marché, Sephora, and Moët & Chandon champagnes, continues to lead the luxury industry in sustainable practices and environmental stewardship.
