The Present and Future of the Luxury-Sustainability Paradox

An understanding of luxury consumer behaviour, the implications on current luxury brand initiatives, and future directions, with a focus on the significance of coexisting sustainability practices and luxury values, are discussed in this chapter. Prior to recent changes in the business in response to...

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Main Authors: Teah, Kevin, Cheah, Isaac, Shimul, Anwar Sadat
Other Authors: Thaichon, Park
Format: Book Chapter
Language:English
Published: Routledge 2023
Online Access:http://hdl.handle.net/20.500.11937/91843
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author Teah, Kevin
Cheah, Isaac
Shimul, Anwar Sadat
author2 Thaichon, Park
author_facet Thaichon, Park
Teah, Kevin
Cheah, Isaac
Shimul, Anwar Sadat
author_sort Teah, Kevin
building Curtin Institutional Repository
collection Online Access
description An understanding of luxury consumer behaviour, the implications on current luxury brand initiatives, and future directions, with a focus on the significance of coexisting sustainability practices and luxury values, are discussed in this chapter. Prior to recent changes in the business in response to trends in luxury, sustainable luxury was formerly seen to be an oxymoron. Now, sustainability is essential. Although in its current state, luxury and corporate social responsibility (CSR) may not be at the forefront of all consumers’ minds, there are growing influential stakeholder groups who will compel luxury brands to take social responsibility. It may appear that the success of CSR initiatives, in particular, the ability of brands to connect implicit identity values of luxury to the various principles of CSR, will determine the future of luxury firms.
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language English
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spelling curtin-20.500.11937-918432025-01-17T07:25:10Z The Present and Future of the Luxury-Sustainability Paradox Teah, Kevin Cheah, Isaac Shimul, Anwar Sadat Thaichon, Park Quach, Sara An understanding of luxury consumer behaviour, the implications on current luxury brand initiatives, and future directions, with a focus on the significance of coexisting sustainability practices and luxury values, are discussed in this chapter. Prior to recent changes in the business in response to trends in luxury, sustainable luxury was formerly seen to be an oxymoron. Now, sustainability is essential. Although in its current state, luxury and corporate social responsibility (CSR) may not be at the forefront of all consumers’ minds, there are growing influential stakeholder groups who will compel luxury brands to take social responsibility. It may appear that the success of CSR initiatives, in particular, the ability of brands to connect implicit identity values of luxury to the various principles of CSR, will determine the future of luxury firms. 2023 Book Chapter http://hdl.handle.net/20.500.11937/91843 10.4324/9781003321378-8 English Routledge fulltext
spellingShingle Teah, Kevin
Cheah, Isaac
Shimul, Anwar Sadat
The Present and Future of the Luxury-Sustainability Paradox
title The Present and Future of the Luxury-Sustainability Paradox
title_full The Present and Future of the Luxury-Sustainability Paradox
title_fullStr The Present and Future of the Luxury-Sustainability Paradox
title_full_unstemmed The Present and Future of the Luxury-Sustainability Paradox
title_short The Present and Future of the Luxury-Sustainability Paradox
title_sort present and future of the luxury-sustainability paradox
url http://hdl.handle.net/20.500.11937/91843