Moët Hennessy unveils green goals
The wine and spirits arm of LVMH has revealed its sustainability targets, including an aim to halve its carbon footprint by 2030.
The core objective for Moët Hennessy, as set by the terms of the Paris Agreement, is to contribute to limiting global warming to 1.5˚c.
The Paris Agreement is an international treaty on climate change, and states that countries should aim to reach a global peak of greenhouse gas emissions as soon as possible to achieve a climate neutral world by mid-century.
“We believe we have an important responsibility alongside the wines and spirits industry to significantly reduce our carbon footprint throughout the value chain, while developing biodiversity in our regions,” said Philippe Schaus, president of Moët Hennessy.
“We have set ambitious goals that we are committed to following regularly and integrating into Moët Hennessy’s overall strategy.”
Moët Hennessy is aiming to reduce its greenhouse gas emissions by 50% by 2030, compared to its 2019 levels.
The target is a part of the company’s sustainability programme, called Living Soils Living Together.
Sandrine Sommer, Moët Hennessy’s director of sustainable development, said: “While we are aware that this is a very ambitious goal, that’s what we must set for ourselves to meet one of the greatest challenges facing our planet today.”
Moët Hennessy will focus on four targets to reduce its carbon footprint: design eco-conscious packaging; reduce carbon impact from raw materials; leverage renewable energy; and adopt low carbon transportation.
Sommer added: “We will need the help of our teams and partners to implement bold initiatives, and also count on disruptive innovations to achieve our climate goal.”
The commitments laid out by the the firm’s wine and spirits unit were confirmed by the Science Based Targets initiative (SBTi), a project launched in 2015.
SBTi helps companies set greenhouse gas emission targets according to the latest climate science, and was founded by Carbon Disclosure Project (CDP), United Nations Global Compact, World Resource Institute and World Wildlife Fund (WWF).
LVMH’s wine and spirits sales recently saw an increase of 30% during the first nine months of 2021, aided by the ‘gradual recovery’ of tourism.