In this report, BSR and luxury goods leader Kering highlight some of the key risks and opportunities posed by climate change for the luxury fashion sector. The report provides an overview of climate change risks across the value chain and demonstrates the importance of addressing raw materials in any robust and ambitious climate strategy. The analysis focuses on six raw materials that are central to the luxury fashion sector—cotton, beef leather, sheep and lamb leather, vicuña, cashmere, and silk.
The report then offers guidance in the form of a resilience agenda for the luxury fashion sector. The agenda covers the dual aspects of resilience—mitigation and adaptation—by addressing greenhouse gas emission reduction efforts, as well as adaptive capacity-building measures. These measures are actions that companies can take to adjust their practices in their own operations or in their value chains to proactively manage risks and seize opportunities associated with climate change.