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LVMH: Waste Generation in 2021

Industry: Fashion & Accessories
Current: ESG

In 2021, LVMH's waste generation was 113.6 thousand tonnes, an increase of 41% over 2020
LVMH recovered 103.4 thousand tonnes of the waste generated in 2021
LVMH has set a target to use 70% recycled raw materials in its packaging by 2030

Waste is a two-sided problem in the consumer goods industry. On one side some products are disposed of for multiple reasons and on the other side, the waste is generated through packaging. There has been an increasing amount of single-use plastic and waste produced by consumer goods companies.

Companies need to be more mindful of the waste generated throughout their value chain. Companies like Procter & Gamble and Dabur India recently announced that they have achieved 'plastic waste neutrality’ by recycling a big chunk of their post-consumer plastic packaging waste. To be environmentally sustainable and increase consumer awareness, companies have been under pressure to manage waste. Being responsible for the environment helps companies attract new customers as consumers prefer to do business with companies that share their values.

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 waste generated by LVMH in 2021 was 113.6 thousand tonnes, an increase of 41% from 2020. In 2021, 103.4 thousand tonnes of waste generated (91% of total waste generated) by LVMH was recovered.

LVMH’s Wines and Spirits business group produced waste around 70% of the total waste generated by the LVMH group followed by Fashion & Leather Goods (17%), Perfumes and Cosmetics (9%), and Selective Retailing (2%) in 2021.

In terms of hazardous waste produced, LVMH’s Fashion & Leather Goods business group produced 4.7 thousand tonnes of hazardous waste followed by Perfumes & Cosmetics which generated 2.4 thousand tonnes of hazardous waste in 2021.

In 2021, LVMH used 41% recycled raw materials in its packaging and reduced the use of virgin fossil-based plastic in customer packaging by 6%. By 2030, LVMH plans to use 70% recycled raw materials in its packaging.

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