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Investors:

Very high influence as the investment from these stakeholders keep the business a float and provide economic security when it is needed. Without economic stability luxury fashion brands would not be able to operate.

Key ESG considerations

Conflict of interest

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Suppliers -high - ethical business practices (brands that use reptile skins such as Hermes having history of unethical animal treatment)

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customers - low influence

ESG concerns - ethical buisness practices, greenwashing/misinformation

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Supply chain workers: high influence as they must protect the brand's image since luxury brands are often assumed to be sustainable ESG concerns: Carbon footprint reduction, fair pay and living wages

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Suppliers:

Medium - high influence as suppliers are typically more specialised in order to create luxury goods.

Key ESG considerations

Fair pay and living wages

Greenhouse gas emissions

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Manufacturing - high influence - responsibility for carbon emissions, energy usage

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Shareholders:

High Influence

Shareholders want strong ESG practices to protect brand reputation, attract consumers, ensure long-term growth, and maintain or increase share value.

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Investors and Shareholders - High influence

ESG Concerns: Avoiding conflicts

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Employees - Low Influence

ESG Concerns: Fair pay and living wage, equal employment opportunities, workplace health and safety

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Garment workers ESG Concerns:

fair & Liveable wages

risk management/ workplace health and safety

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ESG CONCERNS

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Customers:

High influence over business operations due to the smaller number of luxury fashion consumers, each with high spending power.

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customers

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Buyers

factory owner

garment workers