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LVMH: Greenhouse Gas Emissions in 2021

  • LVMH's total GHG emissions (Scope 1 & 2) were 376 thousand tonnes CO2 equivalent in 2021
  • Scope 3 emissions accounted for almost 94% of LVMH’s total GHG emissions in 2021
  • LVMH targets to reduce its scope 1 and 2 emissions by 50% by 2026

Greenhouse gas (GHG) emissions are one of the major causes of rising global warming, and the Companies from the FMCG, retail, packaging, and food service sectors account for a significant amount of the global emissions. CO2, Methane & NOx gases form a major part of greenhouse gases released from Fossil Fuels such as gas and oil. Due to rising GHG emissions from companies, it became important among major contributing sectors to report gas emissions during their operations. 

Companies from the consumer sector are under increasing pressure to reduce their carbon footprint. Consumers are becoming more aware of excess carbon dioxide emissions' detrimental environmental effects. Their consumption behavior changes due to this, and they take an active interest in sustainability issues.

LVMH Moet Hennessy Louis Vuitton SE (LVMH) is a manufacturer and marketer of luxury goods. LVMH markets products under the Christian Dior, Guerlain, Givenchy, Kenzo, Louis Vuitton, Celine, Emilio Pucci, Loewe, Nicolas Kirkwood, Make Up For Ever, and Zenith brand names.

Total GHG emissions (Scope 1 & 2) of LVMH in 2021 were 376 thousand tonnes CO2 equivalent, an increase of 23% from 2020.

GHG emissions are generally classified into Scope 1,2 & 3 emissions. Scope 1 includes direct GHG emissions from energy generated from fossil fuels and refrigerants. Scope 2 encompasses indirect GHG emissions from the on-site generation and purchase of electricity. Scope 3 are other indirect emissions involving emissions generated by downstream transportation.

In 2021, Scope 3 emissions form the major portion of LVMH’s total GHG emissions, accounting for around 5,707 thousand tonnes CO2 equivalent (94%) of total GHG emissions. In 2021, the company's Scope 2 emissions (376 thousand tonnes CO2 equivalent) increased by 27%, and Scope 1 emissions (376 thousand tonnes CO2 equivalent) increased by 12% annually.

LVMH’s main emitters are its Fashion & Leather Goods and Selective Retailing business groups. Fashion & Leather Goods business group produced GHG emissions of around 146 thousand tonnes CO2 equivalent and the Selective Retailing business group released GHG emissions of around 137 thousand tonnes CO2 equivalent.

LVMH targets to reduce its scope 1 and 2 emissions (greenhouse gas emissions from energy consumption at sites and stores) by 50% by 2026, compared with 2019 levels. The luxury goods company aims to reduce by 55% GHG emissions linked to scope 3 per unit of added value by 2030.

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