BCG: How Businesses are Making Total Societal Impact

by admin June 1, 2019

June 1, 2019 47 views

BCG: How Businesses are Making Total Societal Impact

Rethinking the Role of Business in Society

Our Latest Consumer Insights

Pulse of the Fashion Industry: 2019 Update

The 2019 Update, published by Global Fashion Agenda, Boston Consulting Group and Sustainable Apparel Coalition, reveals that the pace of sustainability progress in the fashion industry has slowed by one third in the past year and is not moving fast enough to counterbalance the harmful impact of the fashion industry’s rapid growth. It also finds that consumers are increasingly concerned about sustainability, which is shifting from a secondary consideration to a primary decision driver.

KEY TAKEAWAYS

Nearly 75% of consumers surveyed view sustainability as extremely or very important
More than 50% of consumers plan to switch to brands in the future that are more environmentally and socially friendly than their preferred ones
The strongest triggers for conscious behavior concerning sustainability are climate change efforts (50%) and natural disasters (49%)

EXPLORE THE KEY FINDINGS

Food That’s Good for People, Planet—and the Bottom Line

It is possible to balance the nutrition needed for a healthy global population with a food system that is sustainable in a climate-stressed world, but it cannot be tackled in isolation.