The Future of Sustainability Legislation for Luxury
Increasing legislative and regulatory action is making it imperative for businesses to have consistent, comparable, and transparent data in relation to environmental, social, and governance (ESG) information.
Our latest sustainability guide, ESG Policy Guide – The Future of Sustainability Legislation for Luxury, has been developed in collaboration with Positive Luxury, the company behind the Butterfly Mark, a unique mark awarded to luxury lifestyle brands, retailers and suppliers in recognition of their commitment and verified actions to creating a positive impact on our world. It features recent and upcoming developments in ESG legislation and policies in the US, UK and the EU and explains how these impact the luxury, fashion, and cosmetics industries. The guide:
explains key legislative changes relating to sustainability, with a key focus on ESG and greenwashing
looks at near-term climate-related risks
outlines steps that the luxury sector needs to consider to help mitigate climate, material, and financial risks to their business
examines what the next four years will bring for the industry
*Renata Amaral, partner at Trench Rossi Watanabe, participated in this report. Trench Rossi Watanabe and Baker McKenzie have executed a strategic cooperation agreement for consulting on foreign law.
The Green Claims Directive aims to address greenwashing and introduces stringent requirements on various aspects in tackling false environmental claims.
Our series of ESG-focused thought leadership webinars share insights and practical guidance for businesses considering what ESG means for them.
Sustainability
Our multidisciplinary global team will work alongside you to identify key risks, establish and evolve sustainable practices, make pivotal investments and comply with changing regulation – to set direction and navigate legal risk in the journey ahead.