As one of the fastest growing and most successful industries in the UK, the luxury sector is globally renowned, representing the highest standards of creativity, innovation and quality. Growing at a rate of 11% annually and employing over 450,000 people across the country, the luxury sector contributes £81bn to the UK economy. British luxury brands therefore have the opportunity and responsibility to use their unique leadership position to address the most urgent environmental and social challenges, raising the bar for the pace of change in order to create a more sustainable future for us all.
Developed in partnership with McKinsey & Company, the first Walpole British Luxury Sustainability Manifesto was launched in 2020 and a ‘refreshed’ version, updating our aspirations to align with the changing sustainability landscape, was published in 2024. Drawing on extensive feedback from Walpole’s partners and members through a series of interviews, the refreshed Manifesto brings greater clarity to key terms and regulations, raises ambition across the aspirations to reflect our heightened focus since the 2020 edition, and places a renewed emphasis on nature in response to the growing focus on natural capital.
The Manifesto’s four overarching pillars cover both environmental and social impact:
Leading the transition towards a circular economy.
Safeguarding the environment and natural resources.
Advocating for equal and respectful working conditions.
Guiding partners and suppliers towards sustainable practices.
These pillars are divided into a set of aspirations which involve quantifiable targets, serving as ambitious guidelines on where greatest impact can be achieved across the luxury sector. For example, aspirations under the first principle tackle plastic packaging and champion circularity initiatives to extend product life and waste reduction. This includes the goal of ensuring 100% of B2C packaging is reusable or kerbside recyclable, along with minimal non-recyclable B2B packaging across the value chain. Using these pillars and aspirations, the Manifesto creates a framework to facilitate collaborative action across the luxury sector and draws on our 250 members’ collective best practice and experience.