Question: Has the company set interim targets to achieve its Net Zero goals?
Answer:
No
13984436
Lucia Ixtacuy
Net Zero Interim Targets
2021
Unverified - Added by Community
updated over 1 year ago by Chris Adams

No explicit net zero target, but they use intensity measures for scope 3.

 

"In 2021, LVMH raised its ambition for its carbon trajectory to bring it in line with the Paris Agreement, which was approved by the Science Based Targets initiative (SBTi) at the end of the year. "

 

The Group stepped up its LIFE 360 targets to reduce its scope 1 and 2 emissions (halve greenhouse gas emissions from energy consumption at sites and stores by 2026, compared with 2019 levels) and scope 3 emissions (55% reduction per unit of value added by 2030 in greenhouse gas emissions generated by raw materials, purchasing, transport, waste, use and end of life).

 

As scope 3 accounts for over 90% of the Group’s carbon footprint, it must therefore strive to reduce emissions across its supply chains by harnessing innovation and the circular economy.

Chris Adams.....2022-11-01 20:36:56 UTC