Can Corporate Sustainability & Economic Growth Coexist?
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Overwhelming 90% of consumers say companies have a social responsibility to protect the environment
Submitted by: NBCUniversal
Posted: Apr 12, 2011 – 02:18 PM EST
NEW YORK, Apr. 12 /CSRwire/ - Green consumerism is on the rise, with 78% of consumers believing more than ever that buying green is a way to shop with their values and ethics (up 9 points vs. two years ago), according to a new Green is Universal poll, "Green in the Economy II." The poll was originally conducted in 2009, and was just re-fielded to pulse the change in consumer sentiment around green.
The findings clearly indicate that there is a larger appetite for green products than there was two years ago - with brand loyalty playing a key factor. 68% of consumers say it's worth paying more for a green product or service if it is a brand they trust (an increase of 8 points vs. 2 years ago). The poll also reveals that an overwhelming majority of consumers feel they have a personal responsibility to take care of the earth (93%), and believe that if we don't do so, there will be negative consequences for future generations (91%).
"These findings underscore that consumers are increasingly shopping with their values, particularly when it comes to the environment," said Beth Colleton, Vice President, Green is Universal. "This is an enormous opportunity for marketers to communicate their brand's commitment to green, as a way to build both loyalty and returns for their business."
Not only do consumers hold themselves accountable when it comes to protecting the earth, but they believe companies should be held to the same standard. Nine out of 10 consumers say companies have a social responsibility to protect the environment, and three-quarters (77%) say they have a more favorable impression of companies that promote environmental causes. Putting their money where their mouth is, findings show substantially more consumers who say they have boycotted a company/product in the past year, because it had policies and practices that were not environmentally responsible (27%) (up 8 points from 2009).
Additional highlights from a related but separate Green is Universal poll on re-use, "From Trash To Treasure," include the following:
About Green is Universal:
Launched in May 2007, Green is Universal is NBC Universal's ongoing green initiative dedicated to raising Green awareness, effecting positive change to the environment, and greening its own operations. Throughout the year, NBC Universal uses it numerous media and entertainment platforms to educate the public on the environment, with over 250 hours of green-themed content airing across over 45 NBCU brands.
*METHODOLOGY: "Green in the Economy II" conducted online among 1,647 US Adults 18 years and older on the NBCUniversal Contemporary Consumer Panel between 2/25/11 - 3/8/11. Green is Universal's "Re-Use" study conducted online among 844 US Adults 18 years and older on the NBCUniversal Contemporary Consumer Panel between 3/9/11-3/14/11. Data for both of these studies were weighted to reflect the Total US A18+ online population.
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