The products of the luxury jewelry industry have high demand due to their applicability as fashion accessory. The products of the market are made of versatile combinations of materials, which are sourced from nature. These activities are influenced by a wide range of issues, which negatively impact the luxury jewelry market in the ESG landscape. Environmental degradation and water contamination, due to sourcing of raw material in environment are prevalent in the market.
Why is it important to have ESG?
The abbreviation ESG stands for environmental, social and corporate governance. It is a measurement that takes into account a company's social and environmental impact on the global community. It brings awareness to the different climate issues that are occurring and encourages businesses to adopt practices and policies that are ****ter for the environment. ESG not only helps businesses by attracting a more diverse workforce to bring in new ideas, but it also helps businesses have a greater positive impact on our world.
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