LIFE 360 Business Partners
LVMH's compass for supporting its suppliers, particularly in the areas of raw materials and transport, this program aims to work with them to reduce Scope 3 emissions, which account for 96% of the Group's carbon footprint.
LVMH recognizes the complexity involved in meeting environmental challenges, and has made a commitment to significantly reduce its Scope 3 emissions. The Group firmly believes that close cooperation with its entire ecosystem is essential to achieve this goal and has thus launched LIFE 360 Business Partners, a program presented during the LIFE 360 Summit in December 2023.
This program aims to support LVMH’s suppliers and partners around different dimensions of their environmental policies and actions, particularly reduction of their CO2 emissions, as well as solutions to reduce water consumption and impact on biodiversity.
LIFE 360 Business Partners will build on supplier transition plans already established by some Maisons, guiding the entire Group on a shared path to progress. The program will evolve to address the different needs of LVMH partners. Starting in 2024, Sustainability Business Partners Days are being organized to give suppliers a forum to articulate their expectations regarding their environmental transition. Work groups will provide an additional channel for dialogue among peers.
What’s more, the Group will share knowledge and environmental training programs with suppliers, as well as regulatory monitoring information. A dedicated platform is planned to promote the exchange of solutions and expertise.
“Scope 3 emissions account for more than 90% of our environmental footprint and arise mainly from the impact of raw materials and transport. This encompasses emissions from the upstream and downstream of our value chain, not assets that we own or control. This is why these emissions are the most challenging to reduce. To achieve our ambitious scope 3 targets, both in terms of carbon emissions and impact on water and biodiversity, the mobilization of suppliers is essential. LVMH is committed to supporting them with the LIFE 360 Business Partners program,” explained Hélène Valade, Environment Development Director, LVMH.
OUR INITIATIVES
Group's intiatives
The “LIFE in Architecture” guide, dedicated to sustainable building construction and operations, is now available as open source on the Group’s website.
To train 100% of its employees in environmental issues, LVMH is committed to raising awareness and educating its talents about the challenges of preserving natural resources, biodiversity and climate change.
Announced during the LIFE 360 Summit in December 2023, the creation of LVMH Circularity aims to organize all the channels for recycling packaging, products and their components, and to facilitate their reintegration into production lines.
Since 2019, LVMH has been a key partner in the UNESCO MAB (Man and the Biosphere) program, as well as in a joint project to combat deforestation in the Amazon, one of the main threats to the region's ecosystems.
Launched in 2021, Nona Source is the first online resale platform for “re-sourcing” exceptional materials from the Group’s Fashion & Leather Goods Maisons.
Maison/0 for regenerative luxury: Central Saint Martins and LVMH deepen their alliance to respond to the environmental emergency and mobilize emerging talents, through creative education.
LVMH again took part in the international ChangeNOW summit, the largest event of solutions for the planet, which was held at the Grand Palais Éphémère in Paris on March 25-27.
Slide 1 of 7
