Deeper Luxury Report - WWF UK
Deeper Luxury Report - WWF UK
Deeper Luxury Report - WWF UK
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Coherent Celebrity Endorsement<br />
Celebrity endorsement is an important driver of value<br />
for most luxury brands. Furthermore, the brands that<br />
these celebrities choose to endorse are seen as a<br />
reflection of their personal values. Endorsing brands<br />
with poor social and environmental performance can<br />
damage the reputation of these celebrities as well as<br />
undermining the good causes that they support.<br />
<strong>WWF</strong>-<strong>UK</strong> calls on celebrities to seek more coherence<br />
between the causes that celebrities support personally,<br />
and the brands that they endorse on a commercial<br />
basis. To help them to make the right endorsement<br />
choices, we have prepared a “Star Charter”, comprising<br />
the following six principles:<br />
1. To recognise their potential to influence<br />
consumer behaviour.<br />
2. To encourage both consumers and companies to<br />
be aware of the social and environmental aspects<br />
of their activities.<br />
3. To consider the social and environmental<br />
performance of companies before endorsing them.<br />
4. To obtain independent expert advice on that<br />
performance before endorsing companies.<br />
5. To address any public concerns over the social and<br />
environmental performance of the brands that they<br />
currently endorse.<br />
6. To tell professional colleagues about their<br />
commitment to the Star Charter.<br />
Conclusion<br />
<strong>Luxury</strong> companies must do more to justify their value<br />
in an increasingly resource-constrained and unequal<br />
world. Despite strong commercial drivers for greater<br />
sustainability, luxury brands have been slow to<br />
recognise their responsibilities and opportunities.<br />
We call upon the luxury industry to bring to life a new<br />
definition of luxury, with deeper values expressed<br />
through social and environmental excellence. Their<br />
performance and progress on environmental, social<br />
and governance issues should be comprehensively<br />
measured and reported.