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LVMH Commits to Consuming 30% Less Water by 2030

July 10, 2023 at 05:56 am

By David Sachs

LVMH Moet Hennessy Louis Vuitton said Monday that it has committed to reduce its water consumption by 30% by 2030.

The French luxury goods company said the goal aligns with a new French regulation to adopt specific action plans to conserve water. Water is essential to LVMH's alcohol, perfume and cosmetics, and clothing businesses, it said.

Among other measures, LVMH said it will reach the 30% reduction by monitoring water usage with pressure indicators and geolocation technology, reusing treated wastewater, and introducing water-recycling systems at distilleries and workshops.

Write to David Sachs at david.sachs@wsj.com

(END) Dow Jones Newswires

07-10-23 0555ET

Stocks mentioned in the article

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	LVMH	690.2 EUR	-0.27%	-1.06%	376B
	CHRISTIAN DIOR SE	652 EUR	+0.15%	-1.06%	129B

David Sachs

Mr. David Sachs is a Chief Financial Officer at ImmunityBio, Inc. He is on the Board of Directors at Chan Soon-Shiong Institute For Medicine, Keyssa, Inc., Mox Networks LLC and PacketFabric, Inc. Mr. Sachs was previously employed as a Chief Financial Officer by NantKwest, Inc., a Chief Financial Officer by Integrity Healthcare LLC, and a Principal by Nant Capital LLC. He also served on the board at Ziosoft, Inc. He received his undergraduate degree from the University of California, Los Angeles and an MBA from Anderson School of Management.

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