Financial Times Features NYU Stern CSB's Sustainable Market Share Index™
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NYU Stern CSB's Sustainable Market Share Index™ research findings on sustainability-marketed products and consumer trends have been featured in the Financial Times article, "Green Gold: How Sustainability Became Big Business for Consumer Brands."
The article highlights the study's results to support that sustainability-marketed products are increasingly prevalent and important, accounting for more than half of the consumer goods sector growth.
Sustainability-labeled goods typically feature a price premium due to inherent higher costs of production, raising the question of whether this will affect consumer choices due to the pandemic-induced economic downturn.
CSB Senior Scholar, Randi Kronthal-Sacco, responds by confirming that sustainability-labeled goods have maintained their market share despite the pandemic.
Excerpt: "In a fiercely competitive industry, eco-friendly credentials have become key to attracting the attention of consumers worried about the future of the planet."
Read the full article here.
The article highlights the study's results to support that sustainability-marketed products are increasingly prevalent and important, accounting for more than half of the consumer goods sector growth.
Sustainability-labeled goods typically feature a price premium due to inherent higher costs of production, raising the question of whether this will affect consumer choices due to the pandemic-induced economic downturn.
CSB Senior Scholar, Randi Kronthal-Sacco, responds by confirming that sustainability-labeled goods have maintained their market share despite the pandemic.
Excerpt: "In a fiercely competitive industry, eco-friendly credentials have become key to attracting the attention of consumers worried about the future of the planet."
Read the full article here.
Posted in
center for sustainable business