12.02.15
FRANCE: LVMH is implementing an internal carbon fund, which is already estimated at more than €5 million. The fund will be financed by contributions from each maison, calculated using the greenhouse gas emissions generated by their activities, specifically in terms of energy consumption in their production sites and stores, according to the luxury goods company.
The carbon fund will take effect in 2016, according to LVMH.
“The most beautiful materials used in viticulture and oenology, the creation of perfumes and cosmetics, fashion and leather goods and jewelry which are the heart of our business, are all provided by nature,” said Bernard Arnault, chairman and CEO of LVMH.
“Environmental performance has been integrated into the growth strategy of all our maisons in the same way as quality, innovation and creativity. Today respect for the environment is not only an imperative, it is also a lever that drives progress.”
The carbon fund will take effect in 2016, according to LVMH.
“The most beautiful materials used in viticulture and oenology, the creation of perfumes and cosmetics, fashion and leather goods and jewelry which are the heart of our business, are all provided by nature,” said Bernard Arnault, chairman and CEO of LVMH.
“Environmental performance has been integrated into the growth strategy of all our maisons in the same way as quality, innovation and creativity. Today respect for the environment is not only an imperative, it is also a lever that drives progress.”