Globalbalance supported Positive Luxury to update their member’s guide on biodiversity.
With a quarter of species are at risk of extinction and many of the services from the natural world on which business and communities rely compromised, this paper highlights the importance of luxury goods companies acting now on nature. Titled ‘Understanding biodiversity : luxury as a force for nature‘ It aims to help business leaders in the luxury industry to understand the different terminology being used around biodiversity, setting out the relevance of biodiversity to their business and the vital role that they can play in reversing its unprecedented loss.
To deliver sustainable luxury, it identifies the need for companies to:
- Understand their impact and dependence on the natural world
- Set science-based targets to drive down impact and safeguard supply chains
- Act to conserve and restore biodiversity working within and across sectors to do so
- Innovate new products, engaging its customers to act as a positive force for nature
- Engage with governments through business coalitions and individually to overcome barriers
Globalbalance was delighted to, once again, support Positive Luxury in this important briefing for its members.
The briefing can be downloaded here.
Photo Credit: Stuart Butchart
Follow Us