(CercleFinance.com) – The Group announces the signing of a partnership agreement for at least three years with Hang Lung Properties, owner of a hundred shopping centers in China. This agreement aims to implement common energy sobriety actions.
‘ This cooperation with a lessor will enable the Group to achieve its environmental objectives more quickly, thanks to the rapid and efficient implementation of the standards imposed by the LIFE 360 roadmap, including in its stores whose premises belong to a third-party entity. private’ indicates the group.
Hang Lung Properties notably undertakes to reduce its energy consumption by 18% by 2025; turning off shop lights outside opening hours and providing consumption monitoring meters.
LVMH is committed to sourcing 70% of materials within 500 km and to measuring and monitoring the stores’ energy consumption.
‘This first agreement, unprecedented in its scope, consolidates the Group’s announcement to reduce its energy consumption by 10% worldwide by October 2023, thus responding to the call of the French government,’ explains the group.
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