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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

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