Sustainability and Luxury
“If I asked you to picture the consumer luxury market, you might imagine jewels, sports cars, watches, premium drinks, high-end shoes and apparel, and so on. A combination of high quality, glamour, celebrity, and attitude. With a few exceptions, it’s been an industry not traditionally associated with concerns about environmental impacts, human rights, and wellness, even while those trends have been sweeping through the mainstream consumer products sector.” – Andrew Winston, Harvard Business Review
Luxury goods have long been associated with exclusivity, craftsmanship and prestige. Historically, however, the sector has not always been closely linked with transparency around environmental impact, labour practices or supply chains.
In recent years, increasing scrutiny from consumers and industry observers has highlighted the need for greater openness. The Fashion Transparency Index 2021 reported that brands in the fashion sector achieved an average transparency score of just 23%, covering areas such as carbon emissions, textile waste and fair pay for workers.