According to the first major audit of sustainability in the world's top 10 luxury brands companies, Bulgari, Tiffany & Co and Tod's fail miserably in the ethical and environmental stakes. None of the top 10 labels in the report, carried out by charity WWF, score more than a C+ and two – Bulgari and Tod's – have been given an embarrassingly poor F grade. L'Oreal comes out as top of the lot with a C+, while Chloe and Gucci are given D's. With such humongous budgets, and in an industry worth a whopping £77bn worldwide, one might expect a tad more ethical and environmental effort, but it seems using up natural resources, exploiting labour and keeping supply chains well and truly secret is the name of the game for these ethical offenders.
Friday 30 November 2007
Not eco-luxe luxury brands
According to the first major audit of sustainability in the world's top 10 luxury brands companies, Bulgari, Tiffany & Co and Tod's fail miserably in the ethical and environmental stakes. None of the top 10 labels in the report, carried out by charity WWF, score more than a C+ and two – Bulgari and Tod's – have been given an embarrassingly poor F grade. L'Oreal comes out as top of the lot with a C+, while Chloe and Gucci are given D's. With such humongous budgets, and in an industry worth a whopping £77bn worldwide, one might expect a tad more ethical and environmental effort, but it seems using up natural resources, exploiting labour and keeping supply chains well and truly secret is the name of the game for these ethical offenders.
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