SUSTAINABILITY FRAMEWORKS: TOOLS & LEVERS FOR A CSR ROADMAP IN THE LUXURY INDUSTRY

Vocabulary flashcards covering key terms from the lecture notes on sustainability, CSR, and luxury industry frameworks.

Sustainability

Meeting present needs without compromising the ability of future generations to meet theirs; balance profits, people, and planet.

CSR (Corporate Social Responsibility)

A company’s approach to integrating social and environmental concerns into operations and stakeholder relationships beyond profit alone.

ESG (Environmental, Social & Governance)

A framework for evaluating a company’s environmental, social, and governance performance and reporting.

SDGs (Sustainable Development Goals)

UN goals guiding global sustainable development; many luxury firms align CSR strategies with them.

UN Global Compact

A voluntary UN initiative to implement principles on human rights, labor, environment, and anti-corruption.

GRI (Global Reporting Initiative)

The world's leading framework for standardized sustainability reporting.

CSRD (Corporate Sustainability Reporting Directive)

EU regulation mandating standardized sustainability disclosures for thousands of companies.

ESRS (European Sustainability Reporting Standards)

EU sustainability reporting standards under CSRD, covering governance, environment, and social topics.

IFRS Sustainability Disclosure Standards

IFRS framework guiding climate-related and sustainability disclosures in financial reporting.

Planetary Boundaries

Nine Earth-system limits that define a safe operating space; crossing them risks abrupt, irreversible changes.

Anthropocene

Geological epoch characterized by significant human impact on Earth's systems.

Biodiversity

The variety of life in all its forms; essential for ecosystem services and resilient systems.

The biodiversity we see today is the result of 4.5 billion years of evolution, increasingly influenced by humans.

Climate Change

Long-term shifts in temperature and weather patterns caused largely by greenhouse gas emissions.

Pollution

Introduction of harmful substances into air, water, or soil with wide-ranging health and ecological impacts.

Traceability

Ability to track materials and products through the supply chain for transparency.

Ecoconception (ecodesign)

Design approach that minimizes environmental impact across a product’s life cycle.

Regenerative Agriculture

Farming practices that restore soil health, biodiversity, and ecosystem services.

Circular Economy

System aimed at eliminating waste via reuse, repair, remanufacturing, and recycling.

Decarbonisation

Reducing carbon dioxide and other greenhouse gas emissions to lower climate impact.

Carbon Footprint

Total greenhouse gas emissions caused directly or indirectly by an activity or product.

B Corp Certification

Certification by B Lab recognizing high social and environmental performance and transparency.

SBTN (Science Based Targets Network)

Network that helps organizations set science-based targets aligned with climate goals.

Société à Mission (Mission-driven company)

French legal status embedding a social/environmental mission into a company’s purpose.

Life Cycle Assessment (LCA)

Methodology to evaluate environmental impacts of a product from cradle to grave.

Materiality Assessment

Process to identify and prioritize sustainability issues important to stakeholders and the business.

Stakeholders

Individuals or groups affected by or with influence over a company’s actions (employees, customers, suppliers, communities, etc.).

Valuable Consumption

Luxury-focused aim to create value through sustainable use of resources and responsible practices.

Triple Bottom Line (Profit, People, Planet)

Approach accounting for economic, social, and environmental performance.

UNFCCC (United Nations Framework Convention on Climate Change)

International treaty addressing climate change and negotiations among parties.

CBD (Convention on Biological Diversity)

International treaty to conserve biodiversity, use biodiversity sustainably, and share benefits fairly.

Paris Agreement

UNFCCC Accord to limit global warming well below 2°C, pursuing efforts to limit to 1.5°C.

COP (Conference of the Parties)

Annual UN climate conferences where climate policy and targets are discussed.

DEI (Diversity, Equity & Inclusion)

Frameworks promoting diverse, equitable, and inclusive workplaces and brand practices.

The Greater Acceleration

Rapid, unprecedented use and degradation of natural resources to fuel economic growth and human development.

9 Planetary Boundaries

Set of nine environmental limits within which humanity can safely operate to ensure a stable and resilient Earth system. These boundaries pertain to climate change, biodiversity loss, and more.

Poulation Growth

6 billion in 1999 to 9 billion 250

The increasing number of individuals in a population, which can lead to heightened resource consumption and environmental pressure. This growth can impact sustainability efforts and balance within ecosystems.

Rapid urbanisation

In 2007, 50% of the world's population lived in urban areas + 2,5 billion by 2050

Water shortage

70% of earth covered with water but only 2,5% is fresh water available for human use, leading to scarcity issues in various regions. This shortage affects agriculture, drinking water supplies, and can lead to conflict over resources. Increased consumption

Increased consumption

20% of the richest in the population consumes 75% of all ressources

20% of the poorest in the population consumes 1.5% of all ressources

Widening gap between the rich & the poor

1% richest owned 50% global wealth since 2010

80% population owned 5%.

42 richest adults possess same as 50% of the population.

Mass migration

Due to climate change, social & political unrest…=250M people will

migrate within countries by 2050 for climate purpose (World Bank)

How many planet do we need if we keep on living this way in terms of ressources ?

If current consumption patterns continue, humanity would need 1.7 Earths to sustain itself, indicating an unsustainable demand on the planet's resources.

How much of the lobal GDP rely on nature?

Over half of global GDP is dependent on nature.

More than 1 billion people rely on forests for their livelihoods.

What are the main impact of climagte change on biodiversity

• Up to 1 million species are threatened with extinction, many within decades.

• Irreplaceable ecosystems like parts of the Amazon rainforest are turning from carbon sinks into carbon sources due to deforestation.

• 85% of wetlands, such as salt marshes and mangrove swamps which absorb large amounts of carbon, have disappeared.

How many vertebrates populations have disappeared between 1970 and 2016?

68%

How many insect species are in decline at global level?

40%

For the past 30 yrs, nsects populations have reduced by -2,5 % each year when at least 75 % of food crops in Europe depend on polinator insects

How much of marine environment have been deteriorated ?

60%

How many trees are cut every year ?

15 billions trees

How much percent of the forest cover has disappeared since teh prehistoric times?

46%

Air pollution rank as the Xth most lethal killer

• Air pollution ranks as the 4th most lethal killer

• 8.9 million deaths globally

• The UN has called air pollution the world’s worst environmental health risk

Plastic pollution

1. When was it invented ?

2. Hom many tons of plastic were produced since 1950?

3. How many have ended up in the environment?

1. late 1800

2. Over 9 billion tons of plastic have been produced since 1950, with approximately

3. 6.3 billion tons ending up in the environment.

What are the main effect of water pollution?

• Water polluted by chemicals such as heavy metals, lead, pesticides and hydrocarbon can cause hormonal and reproductive problems, damage to the nervous system, liver and kidney damage and cancer

• Being exposed to mercury causes Parkinson’s disease, Alzheimer’s, heart disease and death.

• A polluted beach causes rashes, hepatitis, gastroenteritis, diarrhea, encephalitis, stomach aches and vomiting. Water pollution affects marine life which is one of our ood sources.