In 2024, LVMH completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
LVMH has also provided a category-level breakdown for 13 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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In 2024, the total operational greenhouse gas (GHG) emissions of LVMH amounted to 315,877 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of LVMH decreased by 0.53%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b
In 2024, the total Scope 1 emissions of LVMH were 117,510 metric tons of CO₂ equivalent (tCO₂e). a
Since 2019, LVMH's Scope 1 emissions have decreased by 22.61%, reflecting a declining long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2023), LVMH's Scope 1 emissions decreased by 25.99%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a b
In 2024, LVMH reported Scope 2 greenhouse gas (GHG) emissions of 80,858 tCO₂e using the market-based method and 198,367 tCO₂e using the location-based method. a
Since 2019, LVMH's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 55.1%, reflecting a declining long-term trend in Scope 2 emissions over time. a
In 2024, LVMH reported its Scope 2 emissions using the market-based method and using the location-based method. a
In 2024, LVMH reported 7,522,618 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2024 disclosure of LVMH includes a breakdown across 12 of the 15 Scope 3 categories defined by the GHG Protocol, up from 4 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
In 2024, LVMH reported total Scope 3 emissions of 7,522,618 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 90.54% of these emissions originated from upstream activities such as purchased goods and capital goods, while 9.46% came from downstream activities like product use, distribution, and end-of-life treatment. a
Since 2019, LVMH's Scope 3 emissions have remained relatively stable, indicating that LVMH 's emissions have plateaued with no significant change in its value chain footprint. a
Compared to the previous year (2023), LVMH's Scope 3 emissions remained relatively stable, indicating that LVMH 's emissions have plateaued with no significant change in its value chain footprint. a b
In 2024, LVMH reported emissions for 12 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to LVMH's Scope 3 emissions were: a
In 2024, LVMH reported Scope 1 greenhouse gas (GHG) emissions of 117,510 tCO₂e and total revenues of USD 88,121 millions. This translates into an emissions intensity of 1.33 tCO₂e per millions USD. a
In 2024, LVMH reported a Scope 1 emissions intensity of 1.33 tCO₂e per millions USD. Compared to the peer group median of 3.78 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
In 2024, LVMH ranked 5 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places LVMH among the top performers, with one of the lowest emissions intensities relative to peers. a
In 2024, LVMH reported a total carbon footprint of 7,838,495 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.01% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a b
The largest contributor to LVMH's total carbon footprint was Scope 3 emissions, accounting for 95.97% of the company's total carbon footprint, followed by Scope 2 emissions at 2.53%. a