Significant findings from the spotlight report include:
- More than half of Australians (56%) take sustainability into consideration when making purchases.
- Over 69% of Australians believe that the retail industry creates too much waste.
- Whilst majority of Australians (54%) affirm they are willing to pay a premium for sustainable products, with increases in cost of living, unsurprisingly, there was an 8% rise of shoppers who aren’t willing to pay extra for an eco-friendly product.
- Further, 49% of shoppers expressed the likelihood of shopping again with retailers that had sustainability practices they approved of, but 34% of shoppers are unsure of their future shopping preferences, a 5% increase from last year, showing further murkiness in consumer trust and interest around sustainability in retail.
So, what does a sustainable retailer look like in 2023 and why should it be at the forefront of businesses’ minds? Through their extensive research and the steps taken by leading retailers in this area, The Purpose Agents and Power Retail have identified six key areas where changes can be made across the retail sector. These include:
olddogthoughts 
You must be logged in to post a comment.