Overall net-zero target: LVMH commits to reach net-zero greenhouse gas emissions across the value chain by 2050. Near-term targets: Energy & Industry: LVMH commits to reduce absolute scope 1 and 2 GHG emissions 68% by 2030 from a 2023 base year.* LVMH also commits to increase active annual sourcing of renewable electricity from 84% in 2023 to 100% by 2026 and to continue active annual sourcing of 100% renewable electricity through 2030. LVMH finally commits to reduce absolute scope 3 GHG emissions 32.5% by 2033 from a 2023 base year.* *The target boundary includes land-related emissions and removals from bioenergy feedstocks. FLAG: LVMH commits to reduce absolute scope 1 and 3 FLAG GHG emissions 39% by 2033 from a 2023 base year.** LVMH also commits to no deforestation across its primary deforestation-linked commodities, with a target date of December 2025. **The target includes FLAG emissions and removals. Long-term targets: Energy & Industry: LVMH commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2023 base year.* LVMH also commits to reduce absolute scope 3 GHG emissions 90% within the same timeframe.* *The target boundary includes land-related emissions and removals from bioenergy feedstocks. FLAG: LVMH commits to reduce absolute scope 1 and 3 FLAG GHG emissions 72% by 2050 from a 2023 base year.** **The target includes FLAG emissions and removals.