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| 1 minute read

Consumers Are Willing To Pay for Sustainability – Are Businesses Doing Their Part?

This is an older article from 3BL Media but it highlights the growing importance of Environmental, Social, and Governance (ESG) initiatives, driven by both regulatory pressures and rising consumer expectations. As brands worldwide navigate this evolving landscape, they face the challenge of not just meeting compliance standards but also actively improving their sustainability practices.

Intertek is at the forefront of helping companies achieve these goals. By offering comprehensive sustainability and ESG services, Intertek supports brands in assessing and enhancing their environmental impact, social responsibility, and governance practices. From product lifecycle assessments to carbon footprint analysis, Intertek's solutions enable businesses to identify areas for improvement and implement effective strategies.

Furthermore, Intertek's verification and certification services provide third-party validation of a company's sustainability claims, building trust with consumers who are increasingly demanding transparency and accountability. This not only helps brands meet regulatory requirements but also positions them as leaders in sustainability, which can be a significant competitive advantage.

In an era where sustainability is becoming a core business priority, Intertek's expertise is instrumental in guiding brands toward achieving their ESG targets and responding effectively to customer demands for more responsible practices.

Learn more about Intertek's Sustainability solutions: Total Sustainability Assurance (intertek.com)

Consumers are increasingly affected by extreme weather events and flooding from rising tides, and as a result want to take action to combat climate change. In another of our Top Stories, PwC’s 2024 Voice of the Consumer Survey found that “85% of consumers are experiencing first-hand the disruptive effects of climate change in their daily lives and are prioritizing consumption that integrates sustainability-focused practices.” In addition, the survey found that 80% of consumers say they are willing to pay a premium of 9.7% more on average for goods that meet specific environmental criteria.

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sustainability, consumers, sustainable consumers, esg, english