LVMH commits to reducing energy consumption in China
At the LIFE 360 event on October 25 and 26, LVMH announced the signing of a partnership agreement for at least three years with Hang Lung Properties, the owner of about one hundred shopping centres in China. This partnership aims to implement joint energy efficiency initiatives.
To this end, “Hang Lung Properties is committed to reducing its energy consumption by 18% by 2025; by switching off shop lights outside of opening hours and providing consumption tracking meters.”
LVMH announces a partnership with a leading shopping mall owner, Hang Lung Properties, creating a framework for energy efficiency collaboration.
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— LVMH (@LVMH) October 25, 2022
As part of its policy to reduce energy consumption, LVMH aims to source 70% of its materials within 500 km and to measure and monitor the energy consumption of its shops.
“The design of our shops, just like that of our products, incorporates the values of creativity, innovation and excellence that are dear to the LVMH group. And this obviously includes guaranteeing the environmental performance of the more than 5,550 boutiques of our Houses around the world. In this sense, we are delighted with the signing of this partnership of unprecedented scope with Hang Lung Properties. Our collaboration will enable us to expand our environmental commitments, particularly with regard to climate change,” said Antoine Arnault, Director of Image and Environment at LVMH.
“This first agreement, unprecedented in its scope, consolidates the Group’s announcement to reduce its energy consumption worldwide by 10% by October 2023, in response to the French government’s call,” said LVMH.
In addition to announcing this partnership, LIFE 360 also highlighted the best practices in terms of energy performance in the LVMH Group’s shops, with seven prizes awarded to the best among them.
For example, the Hublot shop in Geneva, Switzerland, won the “Envelope Design” Award for the insulation of its building. The Fendi shop in the Galleria Vittorio Emanuele II in Milan won the “Indoor air quality” award, thanks to its indoor air quality.
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Featured photos : © Marie Rouge
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