1、ESG POLICY GUIDENOVEMBER 2023 UPDATEPOSITIVE LUXURYESG POLICY GUIDETHE FUTURE OFSUSTAINABILITY LEGISLATIONFOR LUXURYCONTENTSIntroduction 3Legislation Roadmap 5Part 1:Environmental 7 EU Green Deal UK Plastic Packaging TaxPart 2:Social 18 Human Rights and Forced Labour Due Diligence and Ban on Goods i

2、n EUPart 3:Governance 22 Mandatory Disclosure Strategy for Financing Transition to a Sustainable Economy EU ESG Reporting European Green BondsPart 4:Greenwashing 26Citations 29Acknowledgements 302POSITIVE LUXURY 2023POSITIVE LUXURYESG POLICY GUIDE“Against a backdrop of extreme weather events with fa

3、r-reaching effects on populations across the globe a clear sign that climate change is real and having a significant negative social impact and the realisation that we are far from reaching the goals of the Paris Agreement,now more than ever there is a need for collective action to quickly correct c

4、ourse.Regulators across all regions have recognized the need for all organisations to improve their ESG performance in their own operations and beyond including through their respective value chains,whether simple or complex.While navigating multiple sets of ESG regulations can be challenging,one th

5、ing is certain by enhancing transparency and accountability for ESG performance,we will be able to better measure progress and take the necessary steps to reverse the effects of climate change and provide hope for future generations.”INTRODUCTIONAlyssa AubergerChief Sustainability Officer,Baker McKe

6、nzie3POSITIVE LUXURY 2023POSITIVE LUXURYESG POLICY GUIDEINTRODUCTIONFollowing the success of the ESG Policy Guide in January 2023,we have updated this bulletin to reflect the fast-moving developments in this area,and provide an overview of key upcoming sustainability legislation the luxury sector ne