Luxury fashion conglomerate LVMH has ambitious plans for COP 28, starting with a collaboration with UNESCO's 'Man and the Biosphere' (MAB) program and the Foundation for Amazon Sustainability (FAS). The initiative focuses on addressing deforestation and achieving a balance between environmental protection and sustainable development within local cultural contexts. Key areas include biodiversity and ecosystem conservation, education, capacity building, and the promotion of sustainable supply chains through investments in production infrastructure and distribution channels within existing local supply chains.
Additionally, LVMH is extending its commitment to environmental sustainability through continued partnerships with shopping centers to minimize the ecological footprint of its stores. The brand aims to reduce scope GHG emissions per unit added value by 55 per cent by 2030 and cut energy consumption-related emissions by 50 per cent by 2026.
At COP 28, LVMH is forging two new partnerships with commercial landlords. The first involves collaboration with the top five local real estate developers in the United Arab Emirates. Furthermore, an agreement will be inked with the Miami Design District (MDD) to develop 15 LVMH Maisons, including renowned brands like Louis Vuitton, Dior, Fendi, Berluti, Tiffany & Co., Bulgari, and Hublot. The overarching goal is to elevate the customer experience across LVMH's global network of 5,600 stores.
