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78 LVMH ANNUAL
REPORT 2003
BECAUSE OUR BUSINESSES ARE
PROFOUNDLY LINKED TO
NATURE, RESPECT FOR THE
ENVIRONMENT HAS ALWAYS
BEEN AT THE HEART OF THE
EFFORTS OF THE COMPANIES
IN THE GROUP AND THE
VALUES THAT DRIVE THEM. IT IS
A CORNERSTONE OF THE
LVMH MISSION—TO PRO-
MOTE QUALITY AND THE “A R T
DE VIVRE” WORLDWIDE AS
EXEMPLIFIED BY ITS PRODUCTS.
THE ENVIRONMENTAL CHAR-
TER ADOPTED IN 2001 LAYS
OUT THE GROUP’S CONC-
RETE COMMITMENTS IN THIS
AREA: TO AIM FOR A HIGH
LEVEL OF ENVIRONMENTAL
PERFORMANCE, TO FOSTER A
COLLECTIVE PURPOSE, TO
CONTROL ENVIRONMENTAL
HAZARDS, TO FOLLOW-
THROUGH ON PRODUCT
DISPOSAL, AND TO MAKE
COMMITMENTS OUTSIDE THE
COMPANY
.
RELATIONSHIP BETWEEN LVM H
AND THE ENVI RONMENT
Like any human activity, the Groups
operations have an impact on the envi-
ronment that varies depending on the
type and scope of activity. For almost
all companies, those activities are:
consumption of energy to operate
equipment, lighting and heating of
buildings or certain specific operations
(cold-stabilization of wine, distillation
of cognac);
consumption of raw materials neces-
sary for making the packaging: glass,
cardboard, plastic, metals to a lesser
extent;
production of waste at the sites;
air pollution and energy use when
merchandise is being shipped.
Wines & Spirits and Perfumes & Cos-
metics have other specific aspects,
such as consumption of water, which
is an essential resource for hygiene of
materials and equipment that come
into contact with the product or for
survival of vines (irrigation of vines in
Australia, New Zealand, Argentina and
California) and production of liquid
waste rich in organic matter. Only the
Wines & Spirits sector can have an
impact connected with soil use for gro-
wing vines.
STRONGER ENVIRONMENTAL
COMMITMENT FROM LVMH
LVMH formed its environmental depart-
ment in 1992 and Bernard Arnault
chose to affirm its commitment in
2001 by signing the Environmental
Charter. The Charter asks each com-
pany of the Group to make a commit-
ment to set up an effective environ-
mental management system, review
product-related environmental issues
together, manage risks and use the
best environmental practices.
A member of the Oe Association,
LVMH is also committed to respecting
the principles of its Charter(1) which
has been in place since 2001.
ORGANI ZATI ON WITHIN THE GROUP
The environment department is under
the authority of the Financial Manager,
who is a member of the executive com-
mittee.
Its role is:
to steer the environmental policy of
the Groups companies, based on the
LVMH Charter;
to monitor regulations and technology;
to create and develop environmental
management tools;
to help companies to anticipate risks;
to train and sensitize employees at
every level of the hierarchy;
to define and consolidate environ-
mental indicators;
to work with the various stakeholders
(associations, rating agencies, govern-
ment offices…).
(1) The Oe Charter is available at the associa-
tion’s website: http://www.oree.org.
SUSTAINABLE
DEVELOPMENT
PRESERVI NG THE ENVIRONMENT
VISION AND STRATEGY