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Sustainability is no longer a 'nice-to-have'

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Our environment has been steadily degrading over the last decades. Unsustainable resource depletion, energy consumption increase and cumulated pollution have seriously damaged the health of our planet. Indeed, issues such as global warming, deforestation, extreme weather, natural and man-made disasters, biodiversity loss and the upcoming shortage of crucial resources, such as fossil fuels and lithium have resulted in an alarming climate of uncertainty regarding our future. The raising awareness towards this phenomenon has highlighted our need for sustainable development. Governments and other policy-makers are applying new regulations and scientists are developing eco-friendly resources in order to attain this goal. Furthermore, businesses and industries now need to evolve as they have strongly contributed to overconsumption and environmental damage. The luxury industry has thereby also started altering its business plan in order to promote sustainable development. The luxury consumers