LVMH announces to reduce its energy consumption by 10% from October
On September 5, Emmanuel Macron invited all companies to reduce their energy expenses by 10% in order to compensate for probable gas shortages. LVMH has just announced a plan to reduce consumption in line with the government's objectives.
By Eva Morletto15 septembre 2022
The luxury group will apply its reduction measures from October in its 522 shops and 110 production sites in France, before continuing in the rest of the world. Two main actions will be implemented to reduce the usual consumption by 10%: switching off the lighting in the boutiques from 10pm to 7am and in the administrative offices from 9pm. As for heating and air conditioning, one degree Celsius less in winter and one degree more in summer will be the norm in offices, workshops and shops.
Today, the energy consumption of the production, administration and sales sites for LVMH products corresponds to 354,000 MWh per year, which is equivalent to the annual consumption of a small town. Although 100% green energy has been announced for the needs of the LVMH group in France for several years, 40% of the energy needed for the sites abroad is currently derived from renewable energy.
LIFE 360, the plan conceived in 2020 by LVMH and intended to become the group's environmental compass for the coming decade, had already set ambitious carbon neutrality objectives: by 2026, 100% of the energy supply will have to come from renewable or low environmental impact sources.
Share the post
Bernard Arnault ensures the succession of the LVMH group
LVMH boss Bernard Arnault, 73, is putting in place a series of operations to prepare his succession.
By Eva Morletto
Be notified of the latest publications and analyses