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Welcome to
LUXE-ESG
Welcome to LUX-ESG
The ESG Programme
for
Luxury SMEs
The challenges faced by small and medium-sized (SME) businesses in the luxury sector in addressing sustainability challenges are unique and convolute. The sector appears to be on a trajectory of unparalleled change, with the new codes of luxury habitually conflicting with traditional notions. Incumbent businesses must readily conciliate the evolving desires of the modern luxury consumer to demonstrate timeless appeal, whilst being confronted with unprecedented regulatory demands about ESG; without compromising on factors including, quality, materials, service, or margins.
Our goal is to help luxury SMEs unlock the value of sustainability, through discovering impactful ESG strategies that positively impact the lives of your internal and external stakeholders, and strengthen their corporate strategy. The high standards commonly associated with the sector apply also to its sustainability performance, and SME businesses need tailored support to navigate the intricate web of requirements and regulations, and make sense of the complex landscape.
We take seriously the mission of Walpole, the official sector body for UK luxury, which set out a firm commitment for the sector, as described in the British Luxury Sustainability Manifesto. Our specialised programme helps UK luxury SME businesses contribute to Walpole's mission to make the UK’s luxury sector the most sustainable in the world. We believe that every luxury SME business globally, should adopt Walpole's mission, and participate in ensuring that all luxury businesses contribute to a better future for all.
The LUXE-ESG Programme
LUXE-ESG is our tailored ESG solution for SMEs, created in partnership with the Sustainability and Improvement experts for SMEs, Eevery. It has been specially designed to provide dedicated support to luxury SMEs on their ESG journey. It is a structured end-to-end programme delivered across three comprehensive phases, as outlined in our proprietary A-B-C-D-E-F-G Methodology.
PHASE 1
ASSESS, BLUEPRINT & COMMUNICATE
PHASE 2
DELIVER & EVALUATE
PHASE 3
FOLLOW-UP & GROWTH
How LUXE-ESG works
How the
PROGRAMME WORKS
- PHASE 1
A > ASSESS
We start with a comprehensive assessment to establish your ESG priorities and baseline
First, we want to determine your starting-point. We will assess what you are currently doing, and how well you are performing, in view of the key sustainability topics you should be focusing on. We do this in two stages:
i- Impact Scan - a customised 'materiality assessment' to determine the ESG themes your business should be prioritising.
ii- ESG Assessment - a detailed performance analysis and benchmarking assessment, which leverages the results from the Impact Scan and is based on your sector, size and situation, to determine your strengths and areas for improvement.
The platform provided by our partners, Eevery, presents an expert scoring model, which has been developed specifically for SMEs, and is calibrated to international frameworks, such as the EU Taxonomy, GRI, CSRD and latest laws and regulations.
B > BLUEPRINT
We define an ESG Blueprint with tangible goals and objectives, based on the priorities identified
We define a strategy for your sustainability journey, by building on the sustainability target areas identified in your baseline measurements, to ensure that your attention and resources are directed to the ESG topics most relevant to your business. We perform this process in line with the concept of ‘Double Materiality’ introduced by the Corporate Sustainability Reporting Directive (CSRD), which aims to help you prioritise the most relevant and most material sustainability themes. Your ESG blueprint will take the form of specific areas for improvement with practical recommendations, delivered via a dedicated Improvement Center, as well as more holistic reviews which align your ESG strategy with your long-term business strategy..
C > COMMUNICATE
We provide tools and guidance to communicate your progress and an implementation roadmap
Starting your ESG journey is evidence of your commitment to sustainability, and you can begin to communicate your sustainability progress and performance. We will provide complete sustainability reports that capture both your baseline measurements, as well as your improvement over time, to positively demonstrate your achievements to your stakeholders. Alongside this, we will set out a clear and achievable phased implementation plan which reconciles your current position and resources with your new ESG goals. This step is critical as some targets may be easily workable, whilst others will require further in-depth analysis and inputs from dedicated specialists, to harmonise multiple conflicting variables.
- PHASE 2
D > DELIVER
We provide you with all the implementation support you require to deliver your new ESG strategy
We will provide the practical and expert support required to implement your new ESG strategy and ensure it integrates seamlessly into your business processes and practices. This may be purely from an advisory/consultative perspective, or may form part of a dedicated side-project, with newly-defined objectives and scope. Our goal is to ensure that the finalised ESG plan becomes a reality, with minimal disruption to your business normal business processes.
E > EVALUATE
We help you with continuously monitoring your KPIs, and evaluating the progress of your journey
We will support you with ongoing monitoring throughout each key stage, and not only at the scheduled completion of each project. We will support you on the vital task of ensuring that you are continuously monitoring your KPIs and updating data to measure your goals and compare best practices throughout your transition. By constantly monitoring your progress you can stay on top of adjustments that you may need to make to ensure that you stay on course to reach your sustainability goals.
- PHASE 3
F > FOLLOW-UP
We continue to monitor your ongoing progress to identify and follow-up any required adjustments
Following completion of each chapter of your ESG journey, it is our policy to stay in close contact with our clients, to be in position to provide support for as long as you require, or for an interim period. Our goal is to deliver tangible and sustainable change, and to ensure that clients are satisfied with the resultant changes from each project. This involves ensuring that changes are fully integrated into your business and required training and development is provided where necessary.
G > GROWTH
We continue to provide ongoing support to help you remain consistent on your journey to Net Zero..
Our mission is to see your business succeed on your ESG journey, and enjoy all of the benefits it offers. The journey to Net Zero is highly complex and evolving, and SME businesses are particularly at risk of being overwhelmed and left to pay the ultimate price. We will commit to supporting your ESG journey for as long as you require, and should you wish to acquire an endorsement such as the B-Corp Certification, or the Butterfly Mark, we are here to support you all the way.
Let's start your ESG journey together
The global macroeconomic climate crisis means that ESG is already shaping virtually every industry, and its influence is certain to deepen into the future, Whilst at the present time, ESG reporting is mandatory only for large companies, the growing requirement for transparency and oversight of supply chain partners, means that smaller businesses are facing increasing pressure to measure and provide sustainability data.
We believe that ESG presents not merely a mechanism to achieve regulatory compliance however, but a real opportunity to create positive change for the benefit of everyone. We also believe that sustainability is not a destination, but a journey; and with the right support, it ensures that customers, employees, investors, and all communities, can look to the future with confidence,
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