LVMH groups confirms its claims to commit to sustainability by hiring an expert in the area: Hélène Valade.
Luxury group LVMH confirms its commitment to sustainability. The French luxury company appoints new environmental development director, Hélène Valade, who will report to Antoine Arnault. The latter will oversee the environmental department in addition to his role as head of communications and image for the group.
“Respect for the environment is an essential subject for the group. It’s one of our priorities for the coming years and it was important for a member of the family to be in this role and to represent that commitment,” told Arnault to WWD.
Valade will take over from Sylvie Bénard, who occupied the post for 26 years and retires later this year. Valade joins the French luxury group after a history in from the French water water group Suez, where she acted as director of sustainable development since 2004.
Since 2018 the president has equally occupied the role of president of the ORSE corporate social responsibility as well as a member of the board of director of the French environmental protection agency Ademe. Valade and Bénard will work closely together to ensure a smooth transition.
The LVMH Initiative for the Environment (LIFE) program, was launched in 2012, and encompasses every step from product design to retail operations. In 2018, LVMH’s revenue was 52.3 billion dollars with and operating margin of 21.4%.