Sustaining Sustainability May 29, 2007
Corporate social and environmental responsibility has been a hot topic lately. More and more consumers indicate knowing that a company is mindful of its impact on the environment and society, makes them more likely to buy its products, services or stocks.
A recent GMI poll shows that 36% of all consumers worldwide were boycotting products. Among the keenest boycotters were China with over 50% of the respondents, with Denmark and France placing second and third. When asked what factor was the most important in determining if a business is socially responsible, Americans placed the highest value on corporate community involvement (sponsorship, grants, and employee volunteer programs). On the other hand, all of the other countries surveyed (India, Canada, Australia, Germany, China and Japan) selected environmentally preferable practices (recycling, using biodegradable products) as the top factor.
The poll surprisingly found that only 42% of all Americans are willing to spend more for products branded as organic, environmentally friendly or fair-branded compared to 91% of the Chinese consumers and 71% of the Indians.
The study definitely shows that the US has a long way to go in raising awareness of its social and environmental impact if it is really serious about sustainability.
The question then is: Who should be responsible for sustaining the dialogue and creating the right incentives for the business, government and NGO communities to make the inconvenient decisions and take the difficult journey of sustainability?
I believe that the ultimate responsibility lies with us, the consumers. Not Wal-Mart, not the Bush administration nor the Gates foundation. We the people decide where we shop, we eat, where we invest and who we elect. We have the power to make each and every one these decisions a socially and environmentally responsible one.
Now the tricky part is: How do we raise people’s awareness of these responsibilities???
What do you think?




















That’s Italian for intermission and is something I’m taking until July.



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