Luxury Brands Putting More Weight into Sustainability

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Luxury Brands Putting More Weight into Sustainability

by Vikas Vij

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#Sustainability to help luxury brands to de-risk their business and remain competitive http://bit.ly/24ePkyv via @Justmeans #CSR
Tuesday, February 23, 2016 - 8:00am

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Luxury product consumers have increasingly become vocal about social and environmental causes, and more importantly, are willing to make a difference through their buying choices. Luxury companies also face increased attention from investors who want to know about a company’s sustainability practices before they invest.

Positive Luxury has a released a new report titled “2016 Predictions for the Luxury Industry: Sustainability and Innovation,” which examines impactful events from 2015 to forecast how the increasing recognition of climate change concerns will impact luxury in 2016.

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Image Credit: Flickr via Merino NL

Vikas is a staff writer for the Sustainable Development news and editorial section on Justmeans. He is an MBA with 20 years of managerial and entrepreneurial experience and global travel. He is the author of "The Power of Money" (Scholars, 2003), a book that presents a revolutionary monetary economic theory on poverty alleviation in the developing world. Vikas is also the official writer for an international social project for developing nations "Decisions for Life" run in collaboration between the ILO, the University of Amsterdam and the Indian Institute of Management.

Keywords: Responsible Business & Employee Engagement | Cause Global | Environment | Green Companies | Justmeans | Responsible Production & Consumption | Social Entrepreneurship | best practices | social innovation

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