LVMH has announced a five-year collaboration with UNESCO, which will act as a partner to the company’s Man and Biosphere (MAB) intergovernmental scientific program.
The two parties will work together with the aim of safeguarding biodiversity, with the MAB program working with a range of industries to help the United Nations achieve sustainability goals.
The program will allow the beauty giant to be more transparent in its material sourcing and the traceability of each of its respective LVMH house’s supply chains.
Antoine Arnault, Member of the LVMH Board, said, “This partnership marks a significant step forward along the path on which the LVMH group has already embarked to safeguard biodiversity. We are delighted to have this opportunity to work closely with UNESCO on these essential issues.”
As part of the collaboration LVMH will draw on UNESCO’s scientific expertise to help develop its sustainable sourcing programs ‘via its network of 686 biosphere reserves’. In addition, the partnership will allow the company to implement solutions for sustainable resource management while also discovering products and new markets that focus on quality and material traceability.
LVMH will attend major international events alongside UNESCO over the next few years, including the 15th meeting of the Conference of the Parties (COP15).
Audrey Azoulay, General Director of UNESCO, said, “We look forward to this partnership with LVMH to preserve biodiversity and our environmental heritage, and we are extremely pleased to receive support on this essential issue from a group with a powerful international footprint. We have the expertise, knowledge and commitment to slow the erosion of biodiversity, and together we must take action for our planet and for future generations.”