Green Miyagi Network Green Brand Affiliation
Why should a business focus on a sustainability strategy?
• "Add Brand Value And A Competitive Advantage:
Millennials are the largest generation of the population. A survey by Nielsen shows that millennials are twice as likely as baby boomers to say they are changing habits to reduce environmental impact. Generation Z is soon to become the next dominant generation and is equally concerned, and in many cases more concerned, about sustainability than millennials. This shows that corporate brands can increase their values tremendously by focusing on sustainability, and many of the world's leading brands are doing just that. Apple has committed to becoming 100% carbon neutral for its products and supply chain by 2030. Companies that embed sustainability into their business models and corporate governance can have a lasting competitive advantage.
• Meet Consumer Demands:
Nielsen studies show that 66% of consumers would spend more for a product if it came from a sustainable brand, and 81% of global consumers feel strongly that companies should help improve the environment. There is a changing trend among consumers toward supporting sustainability, and it is only getting stronger as the number of millennials and generation Z increases. Though sustainability is also about social and economic aspects, environmental concerns lead the thinking."