LVMH

"LVMH Moët Hennessy Louis Vuitton has set a net zero target in line with the Paris Agreement, as approved by the Science Based Targets. Net Zero Tracker
The company's interim target is to reduce emissions by 50% relative to 2019 emissions by 2026. Net Zero Tracker
By 2030, they aim to reduce and/or avoid by 55% GHG emissions linked to Scope 3 (raw materials and transport) per unit of added value. Net Zero Tracker
An interesting fact about their environmental policy is that they have started to experiment with various offsetting measures, integrating carbon credits once reduction targets have been …"

Current Score (vs. LY)

65.0 pts (-)

Last Update: Dec. 12, 2023

Current Rankings

Global: #27

CAC40: #11

Consumer Discretionary: #4

83.3%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

62.5%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

50.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2022Y2021
Scope 1 NA71,391
Scope 2 - location-based NANA
Scope 2 - market-based NA304,349
Scope 1-2 - location-based 071,391
Scope 1-2 - market-based NA 375,740
Scope 3 576,1425,706,670
Total - location-based 576,1425,778,061
Total - market-based NA 6,082,410

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 38,350,13390,621,586
Methodology Pre-calculated sector intensity (revenue)Pre-calculated sector intensity (revenue)

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

LVMH belongs to the sector Consumer Discretionary.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2MKT 50.0 2019 2026

Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3MKT FULL 2050

Science-based Targets (SBTI)

Date Published / Updated :01/01/2022

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2026 No target Yes
LVMH is a member of the Business Ambition for 1.5 campaign (link here )

LVMH commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2026 from a 2019 base year.* LVMH also commits to increase annual sourcing of renewable electricity from 36% in 2019 to 100% by 2026. LVMH further commits to reduce scope 3 GHG emissions 55% per million € value added by 2030 from a 2019 base year. *The target boundary includes biogenic emissions and removals from bioenergy feedstocks

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for LVMH Moët Hennessy Louis Vuitton by zerotracker.net: May 15, 2023
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • No conditions specified
Plans for carbon dioxide removal (CDR) Not Specified

Additional notes: The Maisons are beginning to experiment with various offsetting measures. Until recently, LVMH had sought to avoid such solutions to maximize the leverage achieved through pure reduction. The Net Zero standard set by the SBTi integrates carbon credits, once reduction targets have been met.

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 -
2 Scope 3 emissions are fully reported and externally-verified 5.0 10.0 -
3 CDP score demonstrates the level of transparent disclosures 10.0 10.0 -
Transparency 25.0 30.0 -
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 -
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 -
6 Emission reduction targets on a forward-looking basis are ambitious 5.0 10.0 -
7 Targets are science-based as validated by SBTi 10.0 10.0 -
Commitments 25.0 40.0 -
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 5.0 10.0 -
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
10 Implied Temperature Rating by MSCi 10.0 10.0 -
Results 15.0 30.0 -
Total 65.0 100.0 -


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 -
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 -
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? partly 2.5 / 5.0 -
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? partly 2.5 / 5.0 -
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A 10.0 / 10.0 -
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 -
Does the net zero target include an intermediate target by 2030? 2026 3.0 / 3.0 -
Does the net zero target include all the emissions? yes 4.0 / 4.0 -
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2050 0.0 / 5.0 -
Target year for achieving net zero emissions for S1+S2+S3 combined? 2050 0.0 / 5.0 -
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? 11.2
5.0 / 5.0 -
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 -
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set 1.5°C 10.0 / 10.0 -
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 21.4
Actual (in %): 9.5
0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %): 11.2
Actual (in %): 12.3
5.0 / 5.0 -
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.4°C 10.0 / 10.0 -
Total 65.0 / 100.0 -


Available Data Sources

Reporting Year 2022 2021 2021 2019
Source Public Public Yourstake Public
Publication Year 2023 2023 2022 2023
Scope 1 NA 71,391 71,390 69,152
Scope 2 - location-based NA NA NA NA
Scope 2 - market-based NA 304,349 304,349 294,808
Scope 1-2 - location-based 0 71,391 71,390 69,152
Scope 1-2 - market-based NA 375,740 375,739 363,960
Scope 3 576,142 5,706,670 5,706,670 0
Total - location-based 576,142 5,778,061 5,778,060 69,152
Total - market-based NA 6,082,410 6,082,409 363,960

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

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