WJI 2030 had the privilege of hosting a fireside chat at Inhorgenta, featuring Iris Van der Veken, Executive Director & Secretary General at WJI2030 and Dr. Laurent Cartier, Global Head of Special Initiatives at SSEF, on “Shaping the Future: Accelerating the Sustainability Journey in the Watch and Jewellery Industry”.
How can companies balance Tradition, Sustainability and Innovation creating an inclusive ecosystem that talent wants to work for? Here are the key highlights.
The Influence of Regulations & Compliance
Even with the omnibus shaping a reform there is a shift from organizational standards to product-level compliance, including product passports and full traceability of materials from source to product. This level of transparency is essential in meeting growing consumer demands for sustainable products. An inspiring example is Aura Blockchain Consortium.
Implementation of the concept of double materiality shapes resilience
This concept recognizes a company’s impact on the environment and society is material to its financial performance. Double materiality acknowledges risks and opportunities from both financial and nonfinancial perspectives. This concept requires companies to disclose not only how sustainability issues affect them, but also how their operations and activities affect the environment and society at large. Download the white paper here on the pilot we did: https://www.wjinitiative2030.org/wp-content/uploads/2025/02/WJI2030-CSDDD-Guidance-Note_Final.pdf
People want Purpose – Changing Generational Priorities
The Alpha Generation is the largest generation ever with over 2 billion individuals already influencing purchasing decisions.
They are Digital natives that value personalization, authenticity, and inclusivity in the brands they choose. As they experience the nature and climate crisis firsthand, they are looking for strong values of social responsibility.
Reimagining Business Models
Circular business models are the future. This includes a focus on recycling, reuse, and refurbishing products. Companies need to explore end-of-life product management strategies, including repair, recycling, and repurposing.
Innovation & AI Shaping the Future
There is no return, we need to find the right balance and we need urgent ethics guidance on implementation.
