LVMH Reports Progress on LIFE 360 Environmental Targets and Emissions Reductions
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LVMH has updated its environmental strategy, LIFE 360, highlighting progress in reducing emissions and increasing renewable energy use. The company achieved a 50% reduction in Scopes 1 and 2 emissions ahead of schedule and increased renewable energy use to over 71% by 2024. LVMH aims to cut Scope 3 emissions by 55% by 2030, with ongoing efforts in circular economy and regenerative agriculture. This update coincides with COP30 and the Paris Agreement's 10th anniversary.
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