Climate change experts on how luxury brands, buyers and investors can ensure sustainability

This, however, has heightened geopolitical tensions as a new wave of “resource nationalism” has swept mineral-rich countries in 2023. With the slow but steady stabilisation of supply-chain management, places such as Indonesia, Zimbabwe and South America are all preparing to raise mining taxes while reducing precious commodity exports. Ray says, “All of these factors are considered when developing a successful sustainability strategy for the luxury sector. To ensure the product is truly sustainable, one must work respectfully with raw materials, the environment, internal employees, external stakeholders, investors, auditors, NGOs, supply chain partners and, ultimately, the governments of various regions.”

The water consultant, meanwhile, is cautiously hopeful. “Companies are doing their best, which is no easy task, but it is also just the beginning, Of course, luxury maisons…