targets for the company. The goals are extensive: no virgin plastics used in packaging by 2026, a 50% cut in energy-related emissions by 2026 from 2019 levels, and zero deforestation from products in its supply chain by 2025. The company’slists a range of achievements along those lines, from successful implementation of policies that uncover where they’re sourcing materials to measures that have slashed energy use in stores.
One challenge for diversified firms like LVMH is implementing ambitious company-wide goals across widely varied divisions and departments. LVMH has 75 brands, each of which has a lot of operational independence. Valade said the company is laying out a “common set of goals” around everything from biodiversity to energy consumption with LIFE360 and then giving the brands the tools to implement.