How Luxury Fashion Brands Contribute Efficiently to Sustainable Development

2022 ◽  
pp. 139-161
Author(s):  
Belen Lopez ◽  
Celia Rangel
Keyword(s):  
Sustainable Development ◽  
Environmental Protection ◽  
Case Studies ◽  
Csr Strategies ◽  
Sustainability Strategies ◽  
Almost All

This chapter explores how luxury fashion and accessories firms are adapting their CSR strategies to be more sustainable considering that the firms have been impacted by the COVID-19 pandemic. In this context, the authors explore how companies are communicating their efforts and how they engage consumers according to sustainable development. The methodology followed in this study is based on case studies analyzing the activities of luxury fashion and accessories brands operating in different countries, such as LVMH, Kering, Richemont, Chanel, EssilorLuxottica, Chow Tai Fook, PVH, and Swatch Group. The results show that almost all luxury fashion and accessories firms include the SDGs in their CSR/sustainability strategies and communicate how their efforts contribute to achieving the 17 SDGs. Nearly all these companies set long-term objectives including areas, such as 1) environmental protection as a key axis of their strategy, 2) support for the communities where they operate, and 3) promotion of equality and inclusion of their employees.

scholarly journals The Demerger Impact upon Sustainable Development of Economic Entities: Evidence from Romania

2021 ◽  
Vol 13 (15) ◽  
pp. 8316
Author(s):  
Camelia Mirela Baba ◽  
Constantin Duguleană ◽  
Marius Sorin Dincă ◽  
Liliana Duguleană ◽  
Gheorghița Dincă
Keyword(s):  
Sustainable Development ◽  
Business Strategies ◽  
The Sustainable Development ◽  
Ex Post ◽  
Before And After ◽  
Almost All ◽  
The Impact ◽  
Profitability Ratios ◽  
Positive Effect

The Covid-19 induced economic crisis has significantly affected almost all businesses from nearly every sector, causing severe financial problems, lack of cash assets, and decrease of revenues. In this context, the economic entities were forced to look for adjustment and rescue solutions of their activities. One possible solution for the recovery and reorganization of economic entities’ activities is demerger. This paper evaluates the impact of demerger upon the sustainable development of economic entities in terms of economic efficiency and financial performances. To achieve this goal, a statistical analysis of profitability ratios before and after the demerger, as well as a structural analysis of 268 demerger projects for the April 2012–April 2021 period, were performed. The results attest there are no significant differences between the ex-ante and ex-post financial performances. However, demerger seems to have a positive effect upon analyzed companies helping them to overcome economic hardships, rethink their business strategies, and continue their activity in the medium and long-term time horizon.

The Research on the Strategies for Sustainable Development and Environmental Protection

2013 ◽  
Vol 869-870 ◽  
pp. 786-790
Author(s):  
Chen Chen Zhang
Keyword(s):  
Sustainable Development ◽  
Environmental Protection ◽  
Development Strategy ◽  
Protection Measures ◽  
The Sustainable Development ◽  
National Economic ◽  
History Of ◽  
Dialectical Relationship ◽  
Relationship Of

The strategies for sustainable development have been included in the medium and long term plan of 2010 for national economic and social development. Protecting the environment is the most important prerequisite and safeguards for the sustainable development strategy. In the study, we described the history of the environmental problems in the world, the proposal and implications of sustainable development, and outlined the dialectical relationship of development with the environment. The environmental protection measures for sustainable development were proposed here, according to the environmental situation severely affecting its biophysical environment.

scholarly journals A Framework for Assessing the Social and Economic Impact of Sustainable Investments

2016 ◽  
Vol 7 (3) ◽  
pp. 79-86 ◽  
Author(s):  
Minna Räikkönen ◽  
Susanna Kunttu ◽  
Teuvo Uusitalo ◽  
Josu Takala ◽  
Shah Rukh Shakeel ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Case Studies ◽  
Affordable Housing ◽  
Social Impact ◽  
The Sustainable Development ◽  
The Social ◽  
New Construction ◽  
Long Term Impact ◽  
Sustainable Investments

Abstract Investments towards sustainable development are vital for the future and they must be carefully planned to deliver immediate and long-term benefits. Hence, the ability to communicate the forms of impact of sustainable investments to local societies, people, investors and other stakeholders can provide a competitive advantage. However, the assessments are often under pressure to demonstrate short-term effects rather than emphasise the long-term impact. In addition, indirect and intangible forms of impacts should not be measured solely in economic terms. This paper proposes an assessment framework to support the integrated economic and social impact assessment of sustainable investments aimed at improving physical and socio-economic wellbeing. The framework is demonstrated in two case studies: new construction and renovation investments in affordable housing and social impact investment in sustainable development. The investments in the case studies are evaluated, selected and prioritized not only in terms of money but also with regard to sustainability, social acceptability and their overall impact on society, as a whole. The results indicate that a systematic integrated assessment of monetary and non-monetary factors can be successfully combined with the sustainable development decisions.

scholarly journals The Influence of Internet Finance on the Sustainable Development of the Financial Ecosystem in China

2020 ◽  
Vol 12 (6) ◽  
pp. 2365
Author(s):  
Shuping Li ◽  
Xinghua Liu ◽  
Chongren Wang
Keyword(s):  
Sustainable Development ◽  
Practical Significance ◽  
Conditional Correlation ◽  
The Sustainable Development ◽  
Dynamic Correlation ◽  
Long Term Stability ◽  
Internet Finance ◽  
Almost All ◽  
A New Species

As a new species in the financial ecosystem, internet finance has significantly impacted traditional finance and has improved the diversity and ended the long-term stability of the financial ecosystem. From the perspective of the interaction between the ecological subjects of the Internet and traditional finance, this study examines the influence of internet finance on the sustainability of the financial ecosystem in China. We tested the dynamic correlation and risk transmission at the volatility level between the ecological subjects of internet finance and the banking, securities, and insurance industries by establishing a dynamic conditional correlation-generalized autoregressive conditional heteroskedasticity (GARCH) model of Baba, Engle, Kraft, and Kroner (DCC-GARCH-BEKK). The result indicates a positive dynamic correlation between internet finance and traditional finance almost all of the time. The introduction of internet finance has changed the risk transmission effect among the ecological subjects of traditional finance. Based on empirical findings, this study provides suggestions to promote the sustainable development of internet finance and the whole financial ecosystem. Our research not only has strong practical significance but also contributes significantly to the literature on internet finance and sustainable development.

Communicating Socially Responsible Initiatives

2020 ◽  
pp. 79-106
Author(s):  
Ekaterina Arabska
Keyword(s):  
Sustainable Development ◽  
Public Relations ◽  
Special Focus ◽  
Socially Responsible ◽  
Csr Strategies ◽  
Short And Long Term ◽  
Corporate Social ◽  
Focus On Forms ◽  
Corporate Practice

The purpose of the chapter is to present results of case studies of socially responsible initiatives and their communication inside and outside the organizations through the official websites impacting their performance and image, as well as to make recommendations for improvements. Investigations focus on forms and goals of initiatives taken by companies in Bulgaria, including examples of the influence of foreign corporate practice and experience. Theoretical and practical basis and trends, international framework, and national institutional positions and support to corporate social responsibility are discussed. Socially responsible activities are analyzed through the official websites in their short- and long-term aspects and links to sustainable development initiatives. Main CSR principles are defined, and a model is proposed containing the main steps of incorporating CSR strategies in companies and linking all that to business communications and public relations. A special focus is put on capacity building and CSR teams.

scholarly journals Ownership and Effectiveness of China’s Aid Projects in Africa

IDS Bulletin ◽  
2021 ◽  
Vol 52 (2) ◽  
Author(s):  
Chuanhong Zhang ◽  
Xiaoyun Li ◽  
Dawit Alemu
Keyword(s):  
Sustainable Development ◽  
Case Studies ◽  
Negative Impact ◽  
Local Level ◽  
Central Place ◽  
Project Design ◽  
Depth Interviews ◽  
Participatory Observation

The notion of ‘ownership’ has occupied a central place in measuring the effectiveness of North–South cooperation. How is it represented in South–South cooperation (SSC) and how does it affect the effectiveness of SSC? There is no clear answer in the existing literature. In this article, we describe the representation of ‘ownership’ in SSC and explain how it has affected the process and impact of SSC projects using case studies of three uniformly designed Chinese agricultural aid projects in Mozambique, Tanzania, and Ethiopia. Based on long-term participatory observation and in-depth interviews, we find that ‘ownership’ in SSC is represented differently from project design to implementation. Divergence and ambiguity exist among different stakeholders on the operation of ‘ownership’. ‘Co-ownership’ of two partners at the local level contributes to the effectiveness of SSC projects while ‘de-ownership’ and ‘forced ownership’ have a negative impact on the survival and sustainable development of SSC projects.

scholarly journals Koncepcja ekorozwoju w ujęciu Stefana Kozłowskiego

2010 ◽  
Vol 8 (2) ◽  
pp. 79-92
Author(s):  
Grzegorz Embros
Keyword(s):  
Sustainable Development ◽  
Environmental Protection ◽  
Human Factor ◽  
Social Economic ◽  
Wide Spectrum ◽  
Ecological Systems ◽  
Ecological Control ◽  
Development Plans ◽  
Human And Nature

There is a specific way of approaching sustainable development issues in S. Kozłowski’s works. He takes into account a wide spectrum of problems from political, social, economic ones to moral and ethical with reference to the natural environment (ecodevelopment). Frequently, he refers to systemic approaches e.g. researches on harmonized development pointing out the need for using such a perspective. In the researches on sustainable development, there are models including social, technical, and ecological systems. The models take into account a human factor, environment, techniques as well as energy and information. As there is a need for including long term actions related to environmental protection as well as economic mechanisms to carry out sustainable development plans, a new tool emerged called ecological control. Professor Stefan Kozłowski’s approach towards sustainable development including relations between a human and nature accentuates the meaning of quality and the need for natural environmental protection in a process of civilization development of a global society. In his works “eco-development” is used interchangeably with “sustainable development”. Therefore according to S. Kozłowski, the idea of sustainable development cannot be realized in isolation from ecological issues.

Conference on Sustainable Development

2018 ◽  
pp. 181-187
Author(s):  
L.M. Singhvi
Keyword(s):  
Sustainable Development ◽  
Environmental Protection ◽  
Future Generations ◽  
Environmental Costs ◽  
Short Term ◽  
The Future ◽  
International Responsibility

Dr Singhvi’s views on sustainable development are presented. Dr Singhvi was always concerned for environmental protection. Sustainable development is necessary for preserving the future generations. He states that sustainable development has to strike a balance between environmental costs and industrial benefits, between the long term and the short term and between the global and the local. Making sustainable development is an international responsibility that needs to be taken care of by all those who want to make this earth peaceful and prosperous.

Research on Green Procurement Model Based on Green Supply Chain

2013 ◽  
Vol 706-708 ◽  
pp. 2027-2030
Author(s):  
Li Hua Zheng
Keyword(s):  
Sustainable Development ◽  
Supply Chain ◽  
Environmental Protection ◽  
Green Supply Chain ◽  
Green Is ◽  
The Sustainable Development ◽  
Green Procurement ◽  
Model Based ◽  
Procurement Strategy

Green supply chain is to supplement and perfect the traditional supply chain by introducing the green concept. Procurement to be green is rather important as one most important part of the supply chain. Its advanced to build a green procurement model, develop green procurement strategy and green procurement standards, so that green procurement and green supply chain will be benefits. In the long term, the establishment of a green procurement model, not only conducive the sustainable development of the supply chain, but also achieve environmental protection.

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