According to the report, solutions at the base of the supply chain can deliver a multitude of social, environmental and business benefits.
As the threat of climate change looms, French luxury goods holding company Kering and BSR (Business for Social Responsibility), a global non-profit#
“Given the luxury sector's reliance on high quality raw materials, we must understand the potential vulnerabilities that climate change will pose to them and be proactive in building resilience across our supply chains,” said Marie-Claire Daveu, Chief Sustainability Officer and Head of international institutional affairs, Kering, “In fact, implementing an ambitious climate strategy at a company level is non-negotiable. By doing so, businesses will have opportunities to reduce risk and deliver against their business goals, while at the same time making significant contributions to the environment and society more broadly.”
“All businesses must prepare for and combat the effects of climate change,” said Aron Cramer, President and CEO, BSR. “This report shows how climate change is affecting the luxury fashion industry. Crucially, it presents solutions that will help luxury sector executives protect the availability of high-quality raw materials at the heart of their value proposition from the effects of climate change.” (SH)
ALCHEMPro News Desk – India
marketing@alchempro.com
