With the announcement of an energy efficiency plan, LVMH is pursuing its sustainable commitments through concrete actions in favor of the climate.
In response to the government’s call, LVMH has decided to announce a plan to reduce energy consumption in order to make a concrete and immediate contribution to the national effort requested by the President of the Republic.
As a first step, and given the current tensions in the electricity market, LVMH has decided to reduce its electricity consumption starting in October. This measure will first be applied in France, and then throughout the Group, worldwide.
Two key measures will be implemented to reduce the Group’s energy consumption by 10% between October 2022 and October 2023. First, the lighting in the Group’s stores will be systematically turned off between 10 pm and 7 am and the lighting in the administrative sites will be turned off at 9 pm. Next, the Group will modify the interior temperatures in all of its industrial and administrative sites and boutiques.
In addition to these measures, the LVMH Group wants to mobilize its 34,000 employees in France around new energy consumption behaviors with the launch of a major awareness campaign. This campaign will focus on the New Energy Gestures, such as turning off lights, screens, computers, etc., unplugging chargers, electric cars, etc., choosing alternatives (to the elevator, to the printer) and managing peak consumption.
In France, the Group’s employees will be encouraged to use the EcoWatt application, which allows them to control their energy consumption at home according to peak demand.
Finally, investments to continue the Group’s energy transition will be stepped up and will concern both energy management (through sensors, meters and energy management) and renewable energies worldwide.
As early as 2021 and as part of LIFE 360, the LVMH Group stated its intention to achieve 100% renewable or low-carbon energy supply for all its sites (workshops, boutiques, offices) by 2026. Today, it has achieved 100% green electricity in France and 39% renewable energy worldwide.
Featured photo : © LVMH