Friday, May 17, 2024

LVMH Reinforces Sustainability Goals at ChangeNow Summit: ‘We Have a Major Responsibility’

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LVMH reiterated its commitment to environmental sustainability during the recent ChangeNow summit in Paris.

Emphasizing initiatives such as creative circularity, a cornerstone of the LVMH Life 360 program, the French luxury conglomerate showcased its advancements in sustainability alongside its startups WeTurn and Nona Source, highlighting a collective effort toward eco-circularity.

During the ChangeNow summit, which took place at the Grand Palais Éphémère from March 25-27, Hélène Valade, LVMH’s Environmental Development Director, highlighted the group’s achievement of introducing new circular services and the launch of LVMH Circularity, aiming to repurpose fabric and leather offcuts, unused raw materials, and unsold products.

LVMH’s Nona Source, a leader in the creative reuse of luxury materials, announced expansions and initiatives aimed at promoting sustainable innovation within the fashion and design industries. This includes making its solutions available to luxury brands outside of LVMH, for the recycling or reuse of surplus fabrics from previous collections.

LVMH-sustainable
Courtesy LVMH

The summit also saw the expansion of beauty label Sephora’s “Clean at Sephora” and “Planet Aware at Sephora” seals. This global initiative seeks to standardize communication about product formulations and environmental commitments across all markets, offering customers clarity and consistency both in-store and online. Guillaume Motte, President and CEO of Sephora, emphasized the importance of this initiative. “As the world’s leading omnichannel prestige beauty retailer, we have a major responsibility to involve our partners and our teams in achieving challenging goals. Sephora is committed to making more sustainable choices more accessible for our customers and brand partners and driving positive influence, and these new seals are a significant step in that direction.”

Alexandre Capelli, LVMH’s Deputy Director of Environmental Development, participated in a panel on collaborative pathways to innovative solutions for the net zero water agenda, underlining the significance of partnerships across the private sector, NGOs, and financial players in addressing global water challenges. The summit also featured discussions with key LVMH figures including Frédéric Dufour, President and CEO of Ruinart; Pierre Louette, President and CEO of Groupe Les Echos-Le Parisien; Sandrine Sommer, Chief Sustainability Officer of Moët Hennessy; Julie Coulot, ESG Investor Manager, LVMH Financial Communications; and Deborah Yeh, Sephora Global Chief Marketing Officer, further demonstrating LVMH’s leadership in sustainability efforts across its various brands.

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