E4S and OriginAll launch transparency index for the luxury industry
02 January 2023 14:41
The Enterprise for Society Center (E4S) and OriginAll have issued a clarion call to all luxury industry stakeholders to take part in the world’s first transparency and traceability index. According to a press release issued by E4S, this is the first academic-led public-private partnership established in this sector anywhere in the world. The aim here is to develop solutions for measuring transparency and traceability. According to the information in the press release, the focus is on technologies that seek to improve product safety and product data.
Based in Ecublens in the canton of Vaud, E4S is a joint venture of the Faculty of Business and Economics (HEC Lausanne) at the University of Lausanne (UNIL), the International Institute for Management Development and the Swiss Federal Institute of Technology Lausanne (EPFL). E4S’s partner OriginAll is a consulting firm for the technology sector headquartered in Préverenges, also in the canton of Vaud.
“The Index aims at becoming a sustainable source of verified information”, comments Margot Stuart, COO & co-founder of OriginAll, in the press release. In this vein, the ultimate goal is for The Index to become seen as “a reference for the luxury industries, technology partners and consumers driving them towards improved responsible best-practices and usage of transparency technologies”. Above all, the focus is on generating “more transparency across this industry and empowering consumers to make better and safer choices”, Stuart concludes.
Breitling, ID Genève Watches and Movo Partners from Sion in the canton of Valais, as well as SMCG Wines from South Africa and Authentic Vision based in the Austrian city of Salzburg, are among the early supporters of this research project. The first edition of the luxury industry transparency index is expected to be published by the end of the third quarter of 2023. gba