LVMH has revealed plans to reduce electricity use by 10 percent across the group as Europe tightens its energy belt. Following the call of the President of the French Republic and the French government, the luxury group unveiled its Energy Reduction Plan yesterday. As per the plan, the Maison has decided to reduce its electricity consumption, first in France and then worldwide throughout the group. Brands under the LVMH umbrella, such as Louis Vuitton, Dior, Celine, Givenchy, Kenzo, and Sephora, will turn off all lights between 10 p.m. and 7 a.m. The administrative offices will also comply with the same rules, and lights will be turned off at 9 p.m. come October.
The French conglomerate, which runs 522 stores and 110 production sites in France alone, has gone a step ahead and pledged to lower temperature settings at industrial sites by 1C in winter and raise them by 1C in summer. “Although our group uses very little energy, we are aware of the visibility and impact our decisions can have in leading the way for others. This energy efficiency plan represents an unprecedented effort that we hope will have a positive impact across the sector and beyond,” said Antoine Arnault. “We are acting today in a very concrete way to respond to the unprecedented energy crisis we are facing.” With these measures, the largest luxury goods manufacturer in the world will enable a 10% reduction in energy consumption between October 2022 and October 2023.
Per NSS Mag, French President Emmanuel Macron called to reduce energy consumption in France by 10 percent and spoke of the need for “energy sobriety. As WWD explains, the company currently consumes enough megawatts in France to supply the city of Dijon (population of nearly 150,000) with electricity for a year, which it gets from sustainable sources. Per the LVMH website, their energy consumption in France is 354,000 MWh. As part of LIFE 360, the group desires to achieve a 100% renewable or low-carbon energy supply for all its sites (workshops, stores, offices) by 2026. Today, the group uses 100% green electricity in France and 39% renewable energy globally.
