Follow us twitter facebook
Edition: Brazil
Click here to subscribe toour free weekly newsletter click here
Industry buzz

LVMH implements an internal carbon fund

LVMH has announced the implementation as of 2016 of an internal carbon fund, which is already estimated at over 5 million euros.

The Maisons will each contribute 15 euros per tonne of carbon dioxide (...)

The Maisons will each contribute 15 euros per tonne of carbon dioxide released. © LVMH

A first in the group’s history, 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.

Examples of the projects that will be financed by this fund are investments in energy consumption reduction equipment (LED and cooling equipment) or the production of renewable energy on an international scale.

Bernard Arnault © LVMH / Karl Lagerfeld

Bernard Arnault © LVMH / Karl Lagerfeld

The most beautiful materials used in viticulture and oenology , the creation of perfumes and cosmetics, fashion and leather goods and jewellery which are the heart of our business, are all provided by nature. 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,” said Bernard Arnault, Chairman and CEO of LVMH.

The Maisons will each contribute 15 euros per tonne of carbon dioxide released. The price will be reviewed each year.

© 2015 - Brazil Beauty News - www.brazilbeautynews.com

latest news
Focus
Centdegrés designs Eudora's new eau de parfum: Impression

Centdegrés designs Eudora’s new eau de parfum: Impression

Impression, the latest men’s fragrance by Eudora, aims sophisticated consumers with woody and amber notes based on cistus labdanum, musk and patchouli. The Boticario Group brand has entrusted Centdegrés for the bottle design. The agency took inspiration from an hourglass symbolizing time and the importance to take advantage of (...)

read more
Experts’ views
Dr Dennis Gross: Dedicated to leading the US advanced skincare market

Emmanuelle Bassmann
Dr Dennis Gross: Dedicated to leading the US advanced skincare market

What is the new face of Doctor Brands? What is the strategy of leading skincare brands launched by Medical Doctors or medical-oriented? After an overview of Skinceuticals’ values and strategy let’s now focus on Dr Dennis Gross. Dr Dennis Gross skincare line formed in 2002, was inspired by the skincare concerns of patients at his NYC (...)

read more

Features