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In response to the government’s call, LVMH<\/strong> has decided to announce a plan to reduce energy consumption<\/strong> in order to make a concrete and immediate contribution to the national effort requested by the President of the Republic<\/strong>.<\/p>\n <\/p>\n As a first step, and given the current tensions in the electricity market, LVMH has decided to reduce its electricity consumption starting in October.<\/strong> This measure will first be applied in France, and then throughout the Group, worldwide.<\/p>\n <\/p>\n 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.<\/p>\n <\/p>\n 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.<\/strong> This campaign will focus on the New Energy Gestures<\/strong><\/em>, 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.<\/p>\n <\/p>\n In France, the Group’s employees will be encouraged to use the EcoWatt<\/em><\/strong> application, which allows them to control their energy consumption at home according to peak demand.<\/p>\n <\/p>\n Finally, investments to continue the Group’s energy transition will be stepped up<\/strong> and will concern both energy management (through sensors, meters and energy management) and renewable energies worldwide.<\/p>\n <\/p>\n