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Hang Lung Properties and LVMH Moët Hennessy Louis Vuitton (“LVMH”) announced a pioneering and ambitious partnership to collaborate on sustainability initiatives across mainland China. The partnership, a first of its kind globally, demonstrates the leadership and commitments of both Groups in the sustainability arena. It also reimagines the relationship between property owners and leading retail brands on sustainability. 
 

 

(From left) Mr Adriel CHAN, Vice Chair & Chair of Sustainability Steering Committee, Hang Lung Properties and Mr Antoine ARNAULT, LVMH Image and Environment, ink a three-year, pioneering partnership to lead climate and sustainability action in real estate and retail.

 

Spanning Hang Lung’s portfolio of properties across seven cities in mainland China, the partnership engages 26 LVMH brands occupying over 90 retail spaces with a lettable floor area in excess of 27,000 sq. m. It will bring Hang Lung and LVMH together with a clear focus on five key areas: Climate Resilience, Resource Management, Wellbeing, Sustainable Transactions, and Sustainability Communication, Events and Progress Reviews. With plans to engage the employees and suppliers of both Groups, the partnership will run to the end of 2025, and is expected to be renewed thereafter.

The first major event under the partnership is a Real Estate & Climate Forum on November 24 and 25, 2022. The forum will bring together changemakers who will formulate ideas for actions in 12 areas, ranging from energy efficiency and circularity to social impact.

Click HERE to learn more details.