Luxury leader LVMH, in green mode, laments Thunberg's pessimism

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Luxury leader LVMH, in green mode, laments Thunberg's pessimism
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Environmental activist Greta Thunberg's discourse on climate change was ove...

PARIS - Environmental activist Greta Thunberg’s discourse on climate change was overly pessimistic and demoralizing for young people, LVMH boss Bernard Arnault said on Wednesday, as the group behind brands like Louis Vuitton raised its “green” goals.

LVMH, the world’s biggest luxury goods conglomerate, which like its peers is seeking to improve its environmental credentials and keep young consumers onside, said it was further cutting emissions and improving sourcing on materials like animal fur. The 16-year-old Swedish campaigner berated world leaders and business executives at a United Nations climate summit in New York this week for failing to act more decisively on climate change, saying they had “stolen her dreams.”

Fashion and textile groups are under pressure from consumers and environmentalists to try and reduce industry waste, including unsold clothing, and improve their manufacturing methods.

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