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LVMUY LVMH Moet Hennessy Louis Vuitton SA (PK)

121.30
0.00 (0.00%)
25 Nov 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
LVMH Moet Hennessy Louis Vuitton SA (PK) USOTC:LVMUY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 121.30 124.96 125.08 2,061 13:26:06

LVMH Commits to Consuming 30% Less Water by 2030

10/07/2023 11:10am

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LVMH Moet Hennessy Louis... (PK) (USOTC:LVMUY)
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   By David Sachs 
 

LVMH Moet Hennessy Louis Vuitton said Monday that it has committed to reduce its water consumption by 30% by 2030.

The French luxury goods company said the goal aligns with a new French regulation to adopt specific action plans to conserve water. Water is essential to LVMH's alcohol, perfume and cosmetics, and clothing businesses, it said.

Among other measures, LVMH said it will reach the 30% reduction by monitoring water usage with pressure indicators and geolocation technology, reusing treated wastewater, and introducing water-recycling systems at distilleries and workshops.

 

Write to David Sachs at david.sachs@wsj.com

 

(END) Dow Jones Newswires

July 10, 2023 05:55 ET (09:55 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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