Luxury How Conscious Consumerism Is Changing Luxury Brands For The Better With a global guilt prompting us all to create change, consumers are demanding 360-degree transparency. Now brands have to step up or take a hit. By Noelle Faulkner Luxury With a global guilt prompting us all to create change, consumers are demanding 360-degree transparency. Now brands have to step up or take a hit. By Noelle Faulkner Previous article A Look At Meghan Markle’s Feminist Credentials Next article Alternative Routes To Motherhood In his 1972 essay ‘Famine, Affluence, and Morality’, moral philosopher Peter Singer argues that luxury is, in a nutshell, immoral. That while poverty and war exist, enjoying privilege, consumerism and comfort when you have the means to help, is an unjust way to live. He simplified this argument further in a 2015 interview, asking why go about your comfortable life and give nothing when others are starving or lacking shelter? “There is something fundamentally wrong with the way we’re living,” he said. “If you’d rather drive a Mercedes than a cheaper vehicle there are implications: you bear some responsibility for having spent money you could have used to save lives.”As global consciousness rises — with an understanding time is of the essence and every choice has an impact — Singer’s statement is creeping to the forefront of our minds. Living in a digitally-led landscape, governed by clicks, likes and opinions, we’re collectively learning the value of our voices and, in turn, the power of the purse. Simply speaking, if a brand doesn’t resonate or fit in with our core values, the state of the global marketplace ensures there are other options out there. So we find them. This is conscious consumerism in action. The movement has been on the rise for some time as consumers are increasingly clued-in on their own impact, choices, and spend. Soon, it will hit brands harder, as the conscious consumer educates themselves on the global responsibility that comes with making the right decisions. The butterfly effects and weight certain choices bear can no longer be ignored. According to trend forecasting agency Future Laboratory, 94 per cent of consumers say they are more likely to be loyal to a brand that offers full transparency. Another study looking at global corporate social responsibility (CSR) found that nine out of 10 consumers now expect companies to do more than simply turn a profit. Eighty four percent of those consumers will seek out responsible products where possible, which is most true when it comes to food and groceries. Five ways to become a conscious consumerAccording to a study by Chalmers University of Technology, 22 per cent of the environmental impact of buying fashion lands under “consumer transport”, making your shopping expeditions to peruse or try on a thousand things now one of the biggest factors in sustainability. This means the more often and further you travel to shop (particularly if you drive), the bigger impact you’re making. ‘Think about how you travel to the clothes shop,” says lead researcher Sandra Roos. “When it comes to impact on the climate, this is the factor that is the easiest to influence, other than buying fewer garments, and one that has a substantial effect. Since many shopping trips are taken by car, consumer travel accounts for a large share of the climate load during the clothing life cycle.” lookingforward Best of Future Women Money Why mid-life investing can make all the difference (especially for women) By Jamila Rizvi Money How motherhood hits your financial future (and what to do about it) By Jamila Rizvi Money Is your takeaway coffee costing you 100k? By Jamila Rizvi Relationships Dr Sullivan thought an abusive client had changed. He hadn’t. By Sally Spicer Relationships What Geraldine Bilston wants victim-survivors to know By Sally Spicer Equity New interactive series highlights what determines women’s financial fate By FW Diamond Meet the leaders: Erin Vincent By Odessa Blain Diamond Meet the leaders: Malini Raj By Odessa Blain Your inbox just got smarter If you’re not a member, sign up to our newsletter to get the best of Future Women in your inbox.