We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

LVMH Pushing To Make Its Operations More Sustainable

January 11, 2017: 12:00 AM EST
Even luxury brands are concerned about moving toward more sustainable production processes and LVMH has made significant progress. It has a corporate framework, LIFE (LVMH Initiatives for the Environment), that address nine environmental challenges. Its assessment takes a full life cycle perspective and each brand’s strategic plan now folds in a LIFE plan that includes five year actions and targets. One of the more innovative elements centers on the company’s carbon reduction strategy. It requires all of its brand houses to spend €15/ton carbon emitted on abatement or related research efforts. In the first year of the program the company invested some €6 million behind this effort. LVMH is communicating its sustainable credentials through using a distinctive symbol a “Butterfly Mark,” which is a first in the luxury industry. [Image credit © Cultura RF]
Andrew Winston, "An Inside View of How LVMH Makes Luxury More Sustainable", Harvard Business Review, January 11, 2017, © Harvard Business School Publishing
Company News
Efficiency & Business Processes
Market News
Companies, Organizations
Products & Brands
Developed by Yuri Ingultsov Software Lab.