LVMH Plans to Reduce Group’s Overall Water Consumption Footprint by 30% by 2030

15 July 2023: Under the dual pressure of demographic change and the consequences of global warming, water is now a resource under stress. It is subject to restrictions on use and requires the adoption of specific action plans, such as the one announced by French Government in March 2023.

In this context, LVMH Group has announcing its water conservation plan, on a global scale, ensuring concerted management of this precious natural resource for its activities. An essential component of the Group’s activities, such as Wines and Spirits, water is also essential to its Perfumes and Cosmetics, as well as to the raw materials for its Fashion and Leather Goods.

In line with the LIFE 360 program, controlling water consumption is an integral part of LVMH’s environmental policy, which annually measures the water consumption footprint of its activities. Hennessy, for example, which has been working for many years to reduce water consumption in its manufacturing processes, plans to reduce the water consumed by its distilleries by 26% between 2019 and 2022. In the Fashion and Leather Goods sector, Loro Piana has reduced its water consumption by 25% over the same period, in particular thanks to the deployment of wastewater recycling equipment in its main factory.

In December 2022, LVMH was recognised for its leadership in transparency and performance on climate, forest and water protection by the CDP (Carbon Disclosure Project), a leading global not-for-profit environmental organisation, with the award of a triple A for the first time.

Given the urgency of the water situation in France, but also in many regions of the world, LVMH is increasing its ambition and adding a new commitment to its LIFE 360 global environmental strategy: reducing the Group’s overall water consumption footprint by 30% by 2030.

www.lvmh.com