Consumer segments in Asia-Pacific concerned about environmental, social, and corporate governance issues are on par with Europe and the US.
Brand owners face a fundamental challenge: Consumers indicate they want to buy sustainable goods and are even willing to pay premium prices for them, but few actually follow through. We call this the “say-do gap.”
Among more than 16,000 consumers surveyed in the region, 15% don’t buy sustainable goods because of a lack of information or the simple fact that they don’t trust claims of sustainability. Another 10% mentioned low availability. Only 16% cite price as a barrier.
Companies that close the say-do gap set themselves up for success. Four out of five environmentally and socially conscious consumers in Asia-Pacific actively recommend sustainable products that they like, and more than half of these consumers are “super promoters,” meaning they recommend the product to more than 10 people.