LVMH, the world’s leading luxury goods group, today announced a comprehensive effort to fight climate change by reducing the environmental impact of its fleet of 22 storefronts in the Miami Design District. The company has partnered with the Miami Design District on a plan that reimagines every aspect of constructing and running a brick-and-mortar space, from using rainwater to shutting off lights after hours to using green electricity. The plan is designed to be a blueprint to help LVMH rethink the operations of its entire fleet of 5,600 stores across the globe.
Prime focus
- LVMH is committed to reducing the environmental impact of its stores by using sustainable materials and practices.
- The company is working with the Miami Design District to develop a plan that can be used as a blueprint for its stores around the world.
- LVMH is committed to using green electricity and conserving water.
- The company is working to reduce its carbon footprint by rethinking its construction practices.
LVMH’s Commitment to Sustainability
Anish Melwani, chairman and CEO of LVMH in North America, said that sustainability is one of the company’s top priorities. “We are committed to doing our part to protect the planet,” he said. “This plan is a major step forward in our efforts to reduce our environmental impact.”
The plan includes a number of specific initiatives, such as:
- Sourcing materials locally to reduce emissions from transportation.
- Reusing or recycling 75% of demolition debris.
- Using 50% sustainably sourced wood in the foundations of the building.
- Sourcing 20% of all new building materials, including concrete, locally.
- Ensuring that all electricity comes from green sources by 2025.
- Conserving rainwater for gardens, toilets, and maintenance.
- Shutting off lights inside the stores at night.
Partnerships for Success
LVMH is working with a number of partners to implement its sustainability plan. In addition to the Miami Design District, the company is also working with Hang Lung Properties, which owns nearly 100 malls in China. LVMH is also working with local energy providers to ensure that its stores have access to renewable energy.
The Future of Retail
LVMH’s plan is a sign of the times. As consumers become more aware of the environmental impact of their purchases, retailers are under increasing pressure to become more sustainable. LVMH’s plan is a model for other retailers who are looking to reduce their environmental impact.
Additional Resources
- LVMH website: https://www.lvmh.fr/
- Miami Design District website: https://www.miamidesigndistrict.net/
- Hang Lung Properties website: https://www.hanglung.com/
- Source: Fast company
