1、ESG POLICY GUIDETHE FUTURE OF SUSTAINABILITY LEGISLATION FOR LUXURYTHIRD EDITION OCTOBER 2024POSITIVE LUXURY 2024ESG POLICY GUIDE2CONTENTS Introduction 3Six things luxury brands need to know about ESG 4Interactive legislative timeline 5Part 1:Environmental 7Part 2:Social 20Part 3:Governance 26 Spotl

2、ight on:The impact of sustainability and ESG legislation on small and medium-sized enterprises(SMEs)6 Green up your lease 19 Rise in OECD ESG-related complaints 25 Competition and sustainability 31 AI and sustainability 32 Acknowledgements 33POSITIVE LUXURY 2024INTRODUCTIONLuxury brands are at the f

3、orefront of delivering a lifestyle of quality,innovation and style to their clients.The need to be sustainable,socially conscious and protect our environment is now a further and fundamental part of the luxury offering.This Guide highlights the key responsibilities that brands need to be aware of,an

4、d help brands anticipate what to expect down the road,as they navigate the environmental,social and governance (ESG)legislative landscape.This is Positive Luxury and Baker McKenzies third edition of The ESG Policy Guide:The future of sustainability legislation for luxury,which focuses on ESG legisla

5、tive developments in the key markets of the European Union(EU),United Kingdom(UK)and the United States(US).The updates to this years Guide include:An interactive legislative timeline An update on the implementation of the EUs Corporate Sustainability Due Diligence Directive An analysis of the defore

6、station regulations in the EU and the UK The progress of State fashion sustainability legislation in the US Considerations around sector collaborations and competition risks The advantages and tensions of utilising AI for sustainability We hope you find this Guide helpful in your journey to achievin