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Circulated by our friends at Natural Path Media, here is a lot to be hopeful about:
- Consumers are increasingly aligning their purchases with their values. According to a recent report by BBMG, 9 in 10 Americans agree that the term "conscious consumer" describes them well.
- A November 2008 Economist survey of managers and senior executives (sponsored by Cisco, HP, Qualcomm and SAS) found that Corporate citizenship is viewed as becoming increasingly important for the long-term health of their companies.
- A McKinsey Quarterly survey found that companies with a strong position in the green market may be able to better protect their market share from competitors. Large brand advertisers have discovered that Moms, which pour $1.7 billion into the US economy each year, are especially receptive to cause marketing.
- A recent survey conducted by Millard Brown found that both women without children (86.4%) and moms (85.6%) feel it's important for companies to support causes and charities and an overwhelming (97.3%) of corporate marketers believed that cause branding is a valid business strategy.
- The Hartman Group's latest report, "Sustainability: The Rise of Consumer Responsibility", gives further support that consumers aren't throwing out the (green) baby with the (economic decline) bathwater. The survey represents the latest report that shows environmental responsibility not going away during these difficult economic times. In particular, the report found more than 75 percent consider environmental and social aspects in deciding what to buy and about a third are willing to pay more for those benefits.
- A recent and very comprehensive report, published this January 09 by The Boston Consulting Group, concludes this question with a resounding Yes: consumers will continue to seek out green products, despite the economy.
- The Boston Consulting Group (BCG, just issued an extensive report: "Capturing the Green Advantage Consumer Companies". The BCG report, based on interviews with 9,000 consumers in North America, Europe, China, and Japan and other research, found that consumers bought more green goods in 2008 than they did in 2007 and that many "consumers greatly value the direct benefits that green products offer, such as superior freshness and taste, the promise of safety and health, and savings on energy costs." The BCG report found that consumers were willing to pay higher prices for green products deemed to be of high quality.
Ecostore Founder Malcolm Rands also said this week at a speech in Auckland that in general, people were gravitating towards environmentally and fairly traded products because, in a world of financial fall outs and corporate spin, these brands had promises that they could believe in.
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