Why are you providing staff training on the transition?
In 2021, we announced LIFE 360, an extremely robust environmental strategy based on four action plans. These plans aim to drive the environmental transition on the issues that are relevant for LVMH. The first involves moving from old models to the circular economy in luxury goods. The second concerns traceability and transparency. Next, and this is a key issue for us, is biodiversity, to give back to nature what we borrow from it to manufacture our products. Finally, the fourth action plan naturally concerns the climate. The strategy is based on quantified targets for 2023, which we have already reported on, 2026 and 2030.
When it comes to driving this kind of change, training is absolutely essential, because it’s really no longer a question of raising awareness but of giving our employees the skills they need to drive this transition. To this end, we made two types of commitment. The first was to design a training catalogue tailored to the group’s environmental challenges by the end of 2023, which is what we have done. The second was to create a ‘Life Academy’, constituting both content and a place, because we know that places often encourage learning. This is a huge task, because LVMH brings together 75 companies with very different business sectors.
