Analyzing Animal Welfare Policies in Sustainable Strategies of the Luxury Industry

With the rapid development of the global economy and the significant improvement in people's quality of life, society has higher and higher expectations for enterprises' sustainable development performance. The current research on sustainable development strategies in the luxury industry is extensive, but rarely incorporates animal welfare policies. This paper aims to address this research gap by using Hermès as an example. It explores the company's animal welfare strategies implemented under the framework of sustainable development, analyzes how it has enhanced its brand image, strengthened consumer loyalty, and established a benchmark in the industry through its high standards of animal welfare measures, which are supported by science, data, and practical experience. It is setting a benchmark for the industry. At the same time, this paper also puts forward prospective suggestions for further optimizing Hermès' sustainable development strategy, intending to fill the gaps in the research on animal welfare policies of luxury brands, enrich the theoretical framework of sustainability research on luxury brands, and provide practical experiences for brands inside and outside the industry to jointly promote the sustainable development of the whole industry.

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Publication Details

Journal
Transactions on Economics Business and Management Research
Published
2024-11-18
DOI
https://doi.org/10.62051/rnmk7395
Primary Topic
Environmental Sustainability in Business
Type
article
Field-Weighted Citation Impact
0.00
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article

Analyzing Animal Welfare Policies in Sustainable Strategies of the Luxury Industry

Ran Gong
Transactions on Economics Business and Management Research
Environmental Sustainability in Business
article

Analyzing Animal Welfare Policies in Sustainable Strategies of the Luxury Industry

Ran Gong
article en

Abstract

With the rapid development of the global economy and the significant improvement in people's quality of life, society has higher and higher expectations for enterprises' sustainable development performance. The current research on sustainable development strategies in the luxury industry is extensive, but rarely incorporates animal welfare policies. This paper aims to address this research gap by using Hermès as an example. It explores the company's animal welfare strategies implemented under the framework of sustainable development, analyzes how it has enhanced its brand image, strengthened consumer loyalty, and established a benchmark in the industry through its high standards of animal welfare measures, which are supported by science, data, and practical experience. It is setting a benchmark for the industry. At the same time, this paper also puts forward prospective suggestions for further optimizing Hermès' sustainable development strategy, intending to fill the gaps in the research on animal welfare policies of luxury brands, enrich the theoretical framework of sustainability research on luxury brands, and provide practical experiences for brands inside and outside the industry to jointly promote the sustainable development of the whole industry.

Transactions on Economics Business and Management ResearchVol. 13
Qingdao University (CN)
Industry, innovation and infrastructure
Openalex Percentile: Top 67%
Environmental Sustainability in Business
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Analyzing Animal Welfare Policies in Sustainable Strategies of the Luxury Industry — Ran Gong · Transactions on Economics Business and Management Research (2024) | TGRS Research Map | TGRS