The luxury goods industry must navigate the diverse interests of its stakeholders, ensuring a harmonious balance that safeguards the reputation, integrity, and financial success of its brands amid a myriad of Environmental, Social, and Governance (ESG) considerations. These include conscientious material usage and waste management throughout the production of their goods, as well as the protection of workers’ rights and working conditions within their supply chain. Furthermore, the sector must adapt to growing regulations, exemplified by initiatives like the Fashion Pact, the Responsible Jewellery Council, and the implementation of science-based environmental goals.
Learn more here: https://www.aon.com/en/insights/articles/balancing-the-esg-challenge-in-the-fashion-and-luxury-goods-industry
