Executives from LVMH, L'Oréal and Beiersdorf AG spoke alongside business and political leaders in frank panels about the challenges of environmental change.
Explorer and environmental activist Bertrand Piccard spoke to the engaged crowd in a bit of a “rock star” moment, as well as European Securities and Markets Authority chair Verena Ross; European Investment Bank president Werner Hoyer, and the mayors of Oslo, Norway and Porto, Portugal, alongside executives from banking and finance, construction, shipping, paper production and packaging sectors.
“It’s always interesting to interact with other key stakeholders, regardless of the sector you are in. Luxury is not a very emitting industry but we deeply rely on nature to create amazing products. We all share the same concerns, be it climate, biodiversity or water protection,” Arnault said. The consortium was launched in 2022 with the aim of bringing a brand-agnostic sustainability scoring system to consumers. The working groups are still trying to come to an agreement on those metrics and he said his top goal for the year was getting the companies on the same page.
“We absolutely support this, and have to make it happen in every factory and every raw material that we are buying across the world, which is very easy to do in Europe and much more complicated in the rest of the world,” Warnery said. Lavernos said the beauty giant has implemented a policy of “flat land occupancy” by 2030, meaning they won’t continue to increase their sourcing farmland over 2019 levels. This will be possible because of the company’s increased emphasis on science and tech.
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