Just a fifth of shoppers trust sustainability claims made by brands, according to new research from The Knowledge is Power—Consumer Trust in Sustainability Report commissioned by Compare Ethics, a UK-based platform building trust and transparency through data-driven sustainable product verification.
The report reveals trust is now the key factor in consumer purchase decision-making and customers are increasingly suspicious of sustainability claims made by high street retailers.Just a fifth of shoppers trust sustainability claims made by brands, according to new research from The Knowledge is Power-Consumer Trust in Sustainability Report commissioned by Compare Ethics, a platform building trust and transparency through data-driven sustainable product verification. The report reveals trust is now the key in consumer decision-making.#
The report explores the crisis in consumer trust and the move towards sustainability by the retail sector.
It shows a staggering 83 per cent of consumers would be more likely to trust a product’s sustainability claim if it had been verified by a third party, pointing to the vital role of supply chain data in increasing consumer confidence on the authenticity of product claims.
With the ethical consumer market standing at over £82 billion in the United Kingdom alone, the report indicates that brands must be prepared to validate their sustainability practices if they are to capture these customers.
Over half of consumers (53 per cent) see brands as having the most power to change the garment industry for the better, highlighting the need for accountability and refreshed methods to build trust by all if we are to move to a more sustainable future, according to a press release from the organisation.
Compare Ethics’ data also points to the need for better education of consumers about the social elements involved in sustainability. For example, nearly three quarters (72 per cent) understand ‘sustainable’ products to be those coming from sustainable sources, yet such sources are often more energy and water intensive across their life cycle.
Only 22 per cent of consumers would associate sustainability with a brand paying workers a living wage, highlighting the need to introduce standards around sustainability to build trust and empower shoppers to make informed purchase decisions.
ALCHEMPro News Desk (DS)
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