The Influence of Climate Change Risks on Financial
Performance: An Empirical Analysis of the Luxury Sector
Master’s Thesis Defence, June 19
by Macha Luna Kilesse
RSM - a force for positive change
, Addressing the Research Question, Bridging the Gap,
and Establishing Academic Relevance
Identifying the Research Gap
•Limited sector-specific research on climate change impacts ; primarily explored in sectors such as tourism, mining, and agriculture industry
•Diverse views on climate change's financial impact; some studies suggest negative effects, while others highlight sector/context dependency
•No research has been conducted on the luxury sector regarding this topic
Academic Need and Relevance
•Significance of the luxury sector: The luxury goods sector plays a crucial role in global economies, requiring an in-depth understanding of the
risks it faces from climate change.
•Vulnerability of luxury brands: Raw materials derived from ecological processes are the core value proposition of luxury brands, making
them particularly susceptible to climate change risks.
•Investor interest and financial markets: Given the substantial market value and global presence of luxury brands, understanding the impact
of climate change risks on their financial performance is essential for informed decision-making and resource allocation by investors.
Research Question
•Aiming to investigate the specific relationship between climate change risks and the financial performance of luxury goods companies
•Understanding climate change's impact on the economic success of luxury brands by considering their distinct characteristics and vulnerabilities
“How do climate change risks affect the financial performance of luxury goods companies, considering their distinct characteristics and vulnerabilities?”
Contributions &
Introduction Theory Hypotheses Research Methods Findings
Implications
19/06/2023 Master’s Thesis Defense ┃ Macha Luna Kilesse 2
Performance: An Empirical Analysis of the Luxury Sector
Master’s Thesis Defence, June 19
by Macha Luna Kilesse
RSM - a force for positive change
, Addressing the Research Question, Bridging the Gap,
and Establishing Academic Relevance
Identifying the Research Gap
•Limited sector-specific research on climate change impacts ; primarily explored in sectors such as tourism, mining, and agriculture industry
•Diverse views on climate change's financial impact; some studies suggest negative effects, while others highlight sector/context dependency
•No research has been conducted on the luxury sector regarding this topic
Academic Need and Relevance
•Significance of the luxury sector: The luxury goods sector plays a crucial role in global economies, requiring an in-depth understanding of the
risks it faces from climate change.
•Vulnerability of luxury brands: Raw materials derived from ecological processes are the core value proposition of luxury brands, making
them particularly susceptible to climate change risks.
•Investor interest and financial markets: Given the substantial market value and global presence of luxury brands, understanding the impact
of climate change risks on their financial performance is essential for informed decision-making and resource allocation by investors.
Research Question
•Aiming to investigate the specific relationship between climate change risks and the financial performance of luxury goods companies
•Understanding climate change's impact on the economic success of luxury brands by considering their distinct characteristics and vulnerabilities
“How do climate change risks affect the financial performance of luxury goods companies, considering their distinct characteristics and vulnerabilities?”
Contributions &
Introduction Theory Hypotheses Research Methods Findings
Implications
19/06/2023 Master’s Thesis Defense ┃ Macha Luna Kilesse 2