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The LVMH group has just gained 14 points in the V.E agency’s Environment ranking, and is now in 75th place.
Vigeo Eiris (V.E.) is a social and environmental rating agency specializing in the qualitative evaluation of companies according to social and environmental criteria. According to their ranking, LVMH has recorded the strongest progress over the last year in terms of its environmental efforts. Hélène Valade, Director of Environmental Development at LVMH, explains, “We have formally analyzed the interdependence between our activities and biodiversity in a very rigorous way. Vigeo has also been very attentive, I believe, to the application of our strategy to all of our companies.”
At LVMH, each action or idea that has borne fruit must then “be adopted by all the companies. Some houses, such as Louis Vuitton and Celine, are reorganizing their logistics chain to favor sea transport over air transport,” says Hélène Valérie. Hélène Valade gives the example.
The social and environmental rating agency highlights companies “capable of having a positive impact on the community (…) management committees must go well beyond these requirements and take into account the major social issues, including those for which companies are not legally responsible“, says Jordi Lesaffer, head of controversy risk at Vigeo Eiris.
During COP26, which was held in Glasgow last November, Vigeo Eiris took a particular interest in the Scottish distillery Glenmorangie, which joined LVMH in 2005 and has been operating in a circular economy since 2017. Indeed, a treatment plant built on the site recycles malted waste and treats 95% of the effluent. The latter is then used to supply the distillery’s stills with energy.
The group, which is committed to reducing its carbon emissions from energy consumption by 50% by 2026 (compared to 2019), also plans to reduce its total greenhouse gas emissions per unit of value added by 55% by 2030 (compared to 2019). Other major projects have contributed to strengthening the LVMH group’s ranking. Among them, the creation of a “global research center dedicated to sustainable and digital luxury” which will be located on the Saclay plateau by 2024/2025, and “will eventually bring together 300 employees and researchers who will work on luxury and the protection of the planet.” Packaging and materials will be at the heart of the future research center. “These subjects linked to transformation open up a wide field of action. They challenge processes and habits,” says Hélène Valade.
Read also > LVMH BUYS A 49% STAKE IN THÉLIOS FROM MARCOLIN
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The LVMH group has just gained 14 points in the V.E agency’s Environment ranking, and is now in 75th place.
Vigeo Eiris (V.E.) is a social and environmental rating agency specializing in the qualitative evaluation of companies according to social and environmental criteria. According to their ranking, LVMH has recorded the strongest progress over the last year in terms of its environmental efforts. Hélène Valade, Director of Environmental Development at LVMH, explains, “We have formally analyzed the interdependence between our activities and biodiversity in a very rigorous way. Vigeo has also been very attentive, I believe, to the application of our strategy to all of our companies.”
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The LVMH group has just gained 14 points in the V.E agency’s Environment ranking, and is now in 75th place.
Vigeo Eiris (V.E.) is a social and environmental rating agency specializing in the qualitative evaluation of companies according to social and environmental criteria. According to their ranking, LVMH has recorded the strongest progress over the last year in terms of its environmental efforts. Hélène Valade, Director of Environmental Development at LVMH, explains, “We have formally analyzed the interdependence between our activities and biodiversity in a very rigorous way. Vigeo has also been very attentive, I believe, to the application of our strategy to all of our companies.”
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